TotalEnergies (NYSE:TTE) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of TotalEnergies (NYSE:TTEFree Report) from a hold rating to a buy rating in a research note published on Monday morning,Wall Street Zen reports.

Several other brokerages also recently weighed in on TTE. Weiss Ratings upgraded shares of TotalEnergies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Zacks Research cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Morgan Stanley restated an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. Piper Sandler reaffirmed a “neutral” rating and set a $85.00 price target on shares of TotalEnergies in a report on Thursday, July 23rd. Finally, TD Cowen boosted their price objective on TotalEnergies from $102.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Eleven equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $87.14.

Check Out Our Latest Report on TotalEnergies

TotalEnergies Price Performance

Shares of NYSE TTE opened at $90.17 on Monday. TotalEnergies has a 1-year low of $57.39 and a 1-year high of $94.17. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.06 and a quick ratio of 0.85. The business’s fifty day moving average price is $84.17 and its two-hundred day moving average price is $85.80. The firm has a market capitalization of $216.19 billion, a PE ratio of 11.28, a P/E/G ratio of 3.19 and a beta of 0.13.

TotalEnergies (NYSE:TTEGet Free Report) last posted its earnings results on Tuesday, June 30th. The company reported $2.68 earnings per share (EPS) for the quarter. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%.The company had revenue of $57.10 billion for the quarter. On average, research analysts expect that TotalEnergies will post 10.65 EPS for the current year.

Hedge Funds Weigh In On TotalEnergies

Several large investors have recently bought and sold shares of TTE. MGO One Seven LLC boosted its holdings in shares of TotalEnergies by 1.3% in the fourth quarter. MGO One Seven LLC now owns 10,410 shares of the company’s stock valued at $681,000 after acquiring an additional 137 shares in the last quarter. Fiduciary Financial Group LLC boosted its stake in TotalEnergies by 5.9% during the 2nd quarter. Fiduciary Financial Group LLC now owns 2,767 shares of the company’s stock valued at $215,000 after purchasing an additional 154 shares in the last quarter. Financial Management Professionals Inc. boosted its stake in TotalEnergies by 36.0% during the 2nd quarter. Financial Management Professionals Inc. now owns 589 shares of the company’s stock valued at $46,000 after purchasing an additional 156 shares in the last quarter. World Investment Advisors increased its position in shares of TotalEnergies by 2.0% during the 1st quarter. World Investment Advisors now owns 8,448 shares of the company’s stock valued at $771,000 after purchasing an additional 165 shares during the period. Finally, Planned Solutions Inc. increased its position in shares of TotalEnergies by 5.6% during the 2nd quarter. Planned Solutions Inc. now owns 3,162 shares of the company’s stock valued at $246,000 after purchasing an additional 168 shares during the period. Institutional investors and hedge funds own 16.53% of the company’s stock.

About TotalEnergies

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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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Analyst Recommendations for TotalEnergies (NYSE:TTE)

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