TotalEnergies SE Sponsored ADR (NYSE:TTE – Get Free Report) gapped up before the market opened on Thursday. The stock had previously closed at $84.23, but opened at $86.77. TotalEnergies shares last traded at $87.02, with a volume of 205,989 shares changing hands.
Analyst Ratings Changes
Several equities research analysts 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 report on Friday, July 24th. TD Cowen increased their price objective on shares of TotalEnergies from $102.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Morgan Stanley set a $90.00 price objective on shares of TotalEnergies and gave the stock an “equal weight” rating in a research note on Thursday, September 3rd. HSBC upgraded shares of TotalEnergies from a “hold” rating to a “buy” rating in a report on Friday, September 25th. Finally, JPMorgan Chase & Co. downgraded shares of TotalEnergies from an “overweight” rating to a “neutral” rating in a report on Wednesday, September 23rd. Ten 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 stock. According to MarketBeat.com, TotalEnergies presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.00.
Read Our Latest Research Report on TotalEnergies
TotalEnergies Stock Up 3.4%
TotalEnergies (NYSE:TTE – Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $2.68 EPS for the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. The company had revenue of $57.10 billion during the quarter. As a group, analysts anticipate that TotalEnergies SE Sponsored ADR will post 11.65 earnings per share for the current fiscal year.
Institutional Investors Weigh In On TotalEnergies
Institutional investors have recently made changes to their positions in the company. Amundi bought a new stake in TotalEnergies in the first quarter worth about $18,868,822,000. DekaBank Deutsche Girozentrale purchased a new position in shares of TotalEnergies during the first quarter valued at approximately $1,103,799,000. Janus Henderson Group PLC bought a new position in shares of TotalEnergies during the fourth quarter valued at approximately $591,357,000. Allianz Asset Management GmbH bought a new position in shares of TotalEnergies during the fourth quarter valued at approximately $487,562,000. Finally, Banco Santander S.A. purchased a new stake in shares of TotalEnergies in the fourth quarter worth approximately $302,707,000. Institutional investors own 16.53% of the company’s stock.
TotalEnergies Company Profile
TotalEnergies SE is a France-based, integrated energy company that produces and markets oil, natural gas, liquefied natural gas (LNG), electricity and low-carbon energy. Its operations span the energy value chain, including exploration and production, refining, petrochemicals, fuel distribution, lubricants, and energy trading.
The company is also expanding its renewable and electricity businesses, with activities in solar and wind power, battery storage, electric-vehicle charging and other lower-carbon energy solutions.
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