TotalEnergies (NYSE:TTE) Stock Rating Upgraded by Redburn Atlantic

TotalEnergies (NYSE:TTE) was upgraded by equities research analysts at Redburn Atlantic from a “hold” rating to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

Several other research firms have also recently weighed in on TTE. The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Finally, Piper Sandler dropped their price objective on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Six research analysts have rated the stock with a hold rating, two have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, TotalEnergies presently has a consensus rating of “Moderate Buy” and an average price target of $72.42.

TotalEnergies Price Performance

Shares of TTE opened at $58.78 on Thursday. The firm has a market capitalization of $138.79 billion, a price-to-earnings ratio of 8.34, a PEG ratio of 2.01 and a beta of 0.61. The firm’s fifty day simple moving average is $56.86 and its 200-day simple moving average is $63.25. TotalEnergies has a twelve month low of $53.29 and a twelve month high of $74.97. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39.

TotalEnergies (NYSE:TTE) last posted its earnings results on Thursday, October 31st. The company reported $1.74 EPS for the quarter, missing the consensus estimate of $1.84 by ($0.10). The business had revenue of $52.02 billion during the quarter, compared to analysts’ expectations of $57.03 billion. TotalEnergies had a net margin of 7.78% and a return on equity of 15.93%. During the same period last year, the company earned $2.63 EPS. Equities analysts forecast that TotalEnergies will post 7.77 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. CWA Asset Management Group LLC acquired a new stake in shares of TotalEnergies during the third quarter worth $823,000. Crossmark Global Holdings Inc. lifted its stake in shares of TotalEnergies by 48.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company’s stock worth $10,815,000 after acquiring an additional 54,478 shares during the period. Logan Capital Management Inc. lifted its stake in shares of TotalEnergies by 22.8% in the 3rd quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock worth $4,637,000 after acquiring an additional 13,331 shares during the period. FMR LLC boosted its holdings in shares of TotalEnergies by 2.7% in the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after acquiring an additional 324,033 shares in the last quarter. Finally, Equity Investment Corp increased its stake in shares of TotalEnergies by 2.3% during the third quarter. Equity Investment Corp now owns 1,862,312 shares of the company’s stock worth $120,343,000 after acquiring an additional 41,564 shares during the period. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Company Profile

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.