TotalEnergies SE (NYSE:TTE) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of TotalEnergies SE (NYSE:TTE) have earned an average recommendation of “Moderate Buy” from the twelve research firms that are currently covering the company, MarketBeat reports. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and three have assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $72.42.

TTE has been the topic of several recent research reports. Piper Sandler cut their price target on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Citigroup raised TotalEnergies from a “neutral” rating to a “buy” rating in a research note on Wednesday. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $64.10 target price (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th.

Institutional Trading of TotalEnergies

A number of institutional investors have recently made changes to their positions in the stock. Clear Creek Financial Management LLC bought a new position in TotalEnergies during the fourth quarter valued at approximately $345,000. Logan Capital Management Inc. lifted its holdings in shares of TotalEnergies by 22.8% during the 3rd quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock valued at $4,637,000 after buying an additional 13,331 shares during the period. FMR LLC lifted its holdings in shares of TotalEnergies by 2.7% during the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after buying an additional 324,033 shares during the period. CWA Asset Management Group LLC grew its holdings in shares of TotalEnergies by 85.1% in the fourth quarter. CWA Asset Management Group LLC now owns 23,571 shares of the company’s stock worth $1,285,000 after acquiring an additional 10,835 shares during the period. Finally, Barclays PLC increased its position in TotalEnergies by 266.5% during the third quarter. Barclays PLC now owns 674,154 shares of the company’s stock valued at $43,564,000 after acquiring an additional 490,187 shares during the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Up 0.5 %

NYSE:TTE opened at $65.19 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. The firm’s 50-day moving average price is $60.87 and its 200-day moving average price is $61.15. The company has a market capitalization of $156.31 billion, a PE ratio of 9.79, a P/E/G ratio of 0.98 and a beta of 0.56. TotalEnergies has a 1-year low of $53.29 and a 1-year high of $74.97.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. On average, equities analysts predict that TotalEnergies will post 8.02 EPS for the current fiscal year.

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.