TotalEnergies (NYSE:TTE) Stock Moved Up to “Strong-Buy” by Zacks Research

Zacks Research upgraded shares of TotalEnergies (NYSE:TTE – Free Report) from a hold rating to a strong-buy rating in a research report sent to investors on Monday,Zacks reports.

A number of other equities analysts have also recently weighed in on TTE. CICC Research assumed coverage on shares of TotalEnergies in a research report on Tuesday, June 23rd. They set an “outperform” rating for the company. HSBC upgraded shares of TotalEnergies from a “hold” rating to a “buy” rating in a report on Friday, September 25th. Piper Sandler boosted their target price on TotalEnergies from $84.00 to $93.00 and gave the company a “neutral” rating in a research report on Thursday, September 3rd. Barclays restated an “overweight” rating on shares of TotalEnergies in a research note on Monday, October 5th. Finally, JPMorgan Chase & Co. cut TotalEnergies from an “overweight” rating to a “neutral” rating in a research note on Wednesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.71.

Get Our Latest Stock Report on TTE

TotalEnergies Trading Up 0.1%

Shares of TTE stock opened at $90.06 on Monday. TotalEnergies has a 1-year low of $60.58 and a 1-year high of $94.17. The firm has a market cap of $215.93 billion, a PE ratio of 11.27 and a beta of 0.18. The company has a 50-day moving average of $88.92 and a two-hundred day moving average of $87.33. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.06 and a quick ratio of 0.85.

TotalEnergies (NYSE:TTE – Get Free Report) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $2.68 earnings per share for the quarter. The business had revenue of $57.10 billion during the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. On average, analysts predict that TotalEnergies will post 12.40 EPS for the current year.

Institutional Investors Weigh In On TotalEnergies

Several large investors have recently added to or reduced their stakes in the business. Cohen Investment Advisors LLC boosted its holdings in shares of TotalEnergies by 3.2% in the 3rd quarter. Cohen Investment Advisors LLC now owns 7,199 shares of the company’s stock valued at $619,000 after buying an additional 225 shares in the last quarter. Integrated Advisors Network LLC purchased a new position in shares of TotalEnergies in the 3rd quarter valued at $305,000. Diversify Advisory Services LLC raised its stake in TotalEnergies by 5.7% during the 3rd quarter. Diversify Advisory Services LLC now owns 23,502 shares of the company’s stock worth $2,080,000 after acquiring an additional 1,260 shares in the last quarter. 55 North Private Wealth LLC acquired a new stake in TotalEnergies during the 3rd quarter worth $206,000. Finally, Net Worth Advisory Group raised its stake in TotalEnergies by 17.2% during the 3rd quarter. Net Worth Advisory Group now owns 5,348 shares of the company’s stock worth $452,000 after acquiring an additional 784 shares in the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Company Profile

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TotalEnergies SE is a French multinational energy company that explores for, produces, processes and markets oil and natural gas. Established in 1924 as the Compagnie française des pétroles, the company adopted the TotalEnergies name in 2021 to reflect its broader focus on multiple forms of energy.

The company’s activities include liquefied natural gas, refining and petrochemicals, fuels, lubricants, and the operation of service stations. TotalEnergies also develops and sells electricity from renewable and other power-generation sources, including solar and wind projects, as well as energy-storage and electric-vehicle charging solutions.

TotalEnergies serves customers and operates projects across numerous regions, including Europe, Africa, the Middle East, the Americas and the Asia-Pacific region.

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Analyst Recommendations for TotalEnergies (NYSE:TTE)

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