Wall Street Zen upgraded shares of TotalEnergies (NYSE:TTE – Free Report) from a hold rating to a buy rating in a report released on Saturday morning.
TTE has been the topic of several other reports. CICC Research began coverage on TotalEnergies in a report on Tuesday, June 23rd. They set an “outperform” rating on the stock. Zacks Research lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Piper Sandler restated a “neutral” rating and issued a $85.00 price target on shares of TotalEnergies in a research report on Thursday, July 23rd. Scotiabank increased their price objective on shares of TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Finally, BNP Paribas Exane raised shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. Eleven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $87.14.
View Our Latest Stock Analysis on TTE
TotalEnergies Trading Up 0.3%
TotalEnergies (NYSE:TTE – Get Free Report) last posted its earnings results on Tuesday, June 30th. The company reported $2.68 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. Equities research analysts anticipate that TotalEnergies will post 10.65 EPS for the current fiscal year.
Institutional Trading of TotalEnergies
Several institutional investors and hedge funds have recently made changes to their positions in TTE. Robinswood Financial LLC bought a new position in TotalEnergies in the first quarter worth approximately $27,000. Elyxium Wealth LLC bought a new stake in TotalEnergies during the 4th quarter valued at $33,000. SHP Wealth Management purchased a new position in shares of TotalEnergies in the 4th quarter valued at $37,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of TotalEnergies in the 4th quarter valued at $38,000. Finally, Maseco LLP raised its position in shares of TotalEnergies by 119.9% in the 1st quarter. Maseco LLP now owns 420 shares of the company’s stock worth $38,000 after acquiring an additional 229 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors.
About TotalEnergies
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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