TotalEnergies SE (NYSE:TTE) Receives Average Rating of “Hold” from Analysts

Shares of TotalEnergies SE (NYSE:TTE) have been assigned a consensus rating of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $76.00.

Several analysts have commented on TTE shares. Wolfe Research began coverage on shares of TotalEnergies in a research note on Thursday, July 18th. They issued an “outperform” rating and a $87.00 target price for the company. Scotiabank lowered their price objective on TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. Finally, Piper Sandler upped their target price on TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, April 18th.

TotalEnergies Trading Up 0.3 %

TotalEnergies stock opened at $67.85 on Friday. The stock has a market cap of $160.22 billion, a PE ratio of 7.66, a P/E/G ratio of 1.67 and a beta of 0.64. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.31. The stock has a 50-day moving average price of $68.99 and a 200 day moving average price of $68.45. TotalEnergies has a 52 week low of $57.97 and a 52 week high of $74.97.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Friday, April 26th. The company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.18. The business had revenue of $56.28 billion during the quarter, compared to the consensus estimate of $59.64 billion. TotalEnergies had a net margin of 9.49% and a return on equity of 17.93%. Equities research analysts predict that TotalEnergies will post 9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Private Trust Co. NA grew its holdings in shares of TotalEnergies by 1.6% during the 1st quarter. Private Trust Co. NA now owns 9,273 shares of the company’s stock worth $638,000 after purchasing an additional 149 shares during the period. Geneos Wealth Management Inc. lifted its position in TotalEnergies by 3.6% during the first quarter. Geneos Wealth Management Inc. now owns 4,379 shares of the company’s stock valued at $301,000 after buying an additional 153 shares in the last quarter. PDS Planning Inc grew its stake in TotalEnergies by 2.3% during the fourth quarter. PDS Planning Inc now owns 6,839 shares of the company’s stock worth $461,000 after buying an additional 156 shares during the period. Hexagon Capital Partners LLC increased its position in shares of TotalEnergies by 5.1% in the second quarter. Hexagon Capital Partners LLC now owns 3,406 shares of the company’s stock worth $227,000 after acquiring an additional 164 shares in the last quarter. Finally, Kestra Private Wealth Services LLC raised its stake in shares of TotalEnergies by 1.0% in the 4th quarter. Kestra Private Wealth Services LLC now owns 18,496 shares of the company’s stock valued at $1,246,000 after acquiring an additional 179 shares during the period. 13.22% of the stock is owned by hedge funds and other institutional investors.

About TotalEnergies

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.