TotalEnergies SE Sponsored ADR (NYSE:TTE) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of TotalEnergies SE Sponsored ADR (NYSE:TTEGet Free Report) have been given an average recommendation of “Moderate Buy” by the eighteen ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $84.3333.

A number of equities analysts recently weighed in on the company. Zacks Research cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. BNP Paribas Exane upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. Wall Street Zen lowered TotalEnergies from a “buy” rating to a “hold” rating in a research report on Saturday, May 30th. JPMorgan Chase & Co. upgraded TotalEnergies from a “neutral” rating to an “overweight” rating in a research report on Monday, March 2nd. Finally, Weiss Ratings raised shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, May 1st.

Check Out Our Latest Stock Analysis on TTE

Institutional Trading of TotalEnergies

Several hedge funds and other institutional investors have recently modified their holdings of TTE. Amundi acquired a new stake in shares of TotalEnergies during the 1st quarter valued at about $18,868,822,000. Vanguard Group Inc. acquired a new stake in shares of TotalEnergies during the 4th quarter valued at about $5,337,330,000. Capital International Investors lifted its holdings in shares of TotalEnergies by 1,438.5% during the 4th quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock valued at $3,435,988,000 after buying an additional 49,245,192 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of TotalEnergies by 21,398.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 40,380,511 shares of the company’s stock valued at $2,641,693,000 after buying an additional 40,192,677 shares during the last quarter. Finally, Caisse Des Depots ET Consignations acquired a new stake in shares of TotalEnergies during the 4th quarter valued at about $1,982,676,000. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Price Performance

NYSE:TTE opened at $89.97 on Thursday. The business’s 50-day moving average price is $90.46 and its 200 day moving average price is $77.99. The firm has a market cap of $215.72 billion, a P/E ratio of 13.33, a PEG ratio of 3.18 and a beta of 0.12. TotalEnergies has a 52-week low of $57.39 and a 52-week high of $94.17. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.41.

TotalEnergies (NYSE:TTEGet Free Report) last released its earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. The firm had revenue of $49.52 billion for the quarter, compared to analyst estimates of $44.58 billion. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%. As a group, sell-side analysts predict that TotalEnergies will post 10.58 earnings per share for the current fiscal year.

About TotalEnergies

(Get Free Report)

TotalEnergies SE (NYSE: TTE) is a French multinational integrated energy company engaged across the full energy value chain. Founded in 1924 as Compagnie Française des Pétroles, the company grew through a series of mergers and expansions—most notably with Petrofina and Elf Aquitaine around the turn of the millennium—and rebranded to TotalEnergies in 2021 to reflect a broader focus on multiple energy sources. It is organized to operate across upstream and downstream activities while pursuing a transition toward lower-carbon energy solutions.

In upstream, TotalEnergies explores for and produces crude oil and natural gas globally.

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Analyst Recommendations for TotalEnergies (NYSE:TTE)

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