TotalEnergies (NYSE:TTE) Stock Rating Upgraded by UBS Group

UBS Group upgraded shares of TotalEnergies (NYSE:TTE) to a strong-buy rating in a research note published on Wednesday, Zacks.com reports.

TTE has been the subject of a number of other research reports. TD Cowen lowered TotalEnergies from a strong-buy rating to a hold rating in a research note on Monday, September 30th. Barclays upgraded shares of TotalEnergies to a strong-buy rating in a research note on Wednesday, October 2nd. Scotiabank decreased their target price on TotalEnergies from $80.00 to $75.00 and set a sector perform rating on the stock in a research report on Thursday. Wolfe Research began coverage on TotalEnergies in a report on Thursday, July 18th. They set an outperform rating and a $87.00 price target for the company. Finally, The Goldman Sachs Group raised TotalEnergies to a hold rating in a report on Thursday, October 3rd. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, TotalEnergies presently has an average rating of Moderate Buy and an average price target of $78.75.

TotalEnergies Price Performance

Shares of TTE opened at $68.28 on Wednesday. The firm has a market cap of $161.24 billion, a PE ratio of 7.74, a P/E/G ratio of 1.86 and a beta of 0.63. TotalEnergies has a 1-year low of $62.59 and a 1-year high of $74.97. The company has a current ratio of 1.11, a quick ratio of 0.87 and a debt-to-equity ratio of 0.35. The firm has a fifty day simple moving average of $67.80 and a two-hundred day simple moving average of $69.40.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.11 by ($0.13). TotalEnergies had a return on equity of 17.92% and a net margin of 9.49%. The business had revenue of $53.74 billion during the quarter, compared to the consensus estimate of $60.45 billion. During the same quarter last year, the company earned $1.99 EPS. On average, equities analysts anticipate that TotalEnergies will post 8.34 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TTE. BNP Paribas Financial Markets grew its holdings in TotalEnergies by 159,211.0% during the 1st quarter. BNP Paribas Financial Markets now owns 434,919 shares of the company’s stock valued at $29,935,000 after purchasing an additional 434,646 shares during the last quarter. Gabelli Funds LLC boosted its holdings in TotalEnergies by 5.5% during the 1st quarter. Gabelli Funds LLC now owns 309,200 shares of the company’s stock valued at $21,282,000 after acquiring an additional 16,200 shares during the period. Tweedy Browne Co LLC purchased a new stake in TotalEnergies in the first quarter worth $10,852,000. Norden Group LLC bought a new stake in shares of TotalEnergies during the first quarter worth $1,300,000. Finally, National Bank of Canada FI boosted its stake in shares of TotalEnergies by 25.7% during the first quarter. National Bank of Canada FI now owns 275,983 shares of the company’s stock valued at $20,370,000 after purchasing an additional 56,403 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.