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

TotalEnergies SE Sponsored ADR (NYSE:TTE – Get Free Report) has received a consensus rating of “Moderate Buy” from the nineteen research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $87.1429.

Several equities analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of TotalEnergies from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 24th. Piper Sandler reissued a “neutral” rating and set a $85.00 price objective on shares of TotalEnergies in a research report on Thursday, July 23rd. Mizuho assumed coverage on TotalEnergies in a research note on Monday, July 20th. They issued an “outperform” rating and a $103.00 price objective for the company. Kepler Capital Markets raised TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. Finally, Wall Street Zen upgraded TotalEnergies from a “hold” rating to a “buy” rating in a research report on Saturday.

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Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. ABN AMRO Bank N.V. bought a new stake in shares of TotalEnergies during the 4th quarter valued at $122,831,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in TotalEnergies in the 4th quarter worth $830,000. Assetmark Inc. boosted its holdings in TotalEnergies by 8.1% in the 4th quarter. Assetmark Inc. now owns 246,475 shares of the company’s stock worth $16,124,000 after buying an additional 18,480 shares during the period. Generali Investments CEE investicni spolecnost a.s. increased its stake in TotalEnergies by 16.9% in the 2nd quarter. Generali Investments CEE investicni spolecnost a.s. now owns 153,140 shares of the company’s stock worth $11,900,000 after buying an additional 22,103 shares in the last quarter. Finally, Generali Asset Management SPA SGR purchased a new stake in TotalEnergies in the 4th quarter worth $85,105,000. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Stock Up 0.3%

TotalEnergies stock opened at $88.61 on Tuesday. The stock has a market cap of $212.46 billion, a PE ratio of 11.09, a price-to-earnings-growth ratio of 3.12 and a beta of 0.13. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.85 and a current ratio of 1.06. TotalEnergies has a one year low of $57.39 and a one year high of $94.17. The stock has a fifty day moving average of $82.92 and a 200 day moving average of $84.54.

TotalEnergies (NYSE:TTE – Get Free Report) last announced its earnings results on Tuesday, June 30th. The company reported $2.68 earnings per share (EPS) for the quarter. The business had revenue of $57.10 billion for the quarter. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%. As a group, sell-side analysts predict that TotalEnergies will post 10.65 EPS for the current year.

TotalEnergies Company Profile

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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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