Brokerages Set TotalEnergies SE (NYSE:TTE) PT at $72.42

TotalEnergies SE (NYSE:TTE) has earned an average recommendation of “Moderate Buy” from the twelve analysts that are covering the company, Marketbeat reports. Six analysts have rated the stock with a hold rating, three have issued a buy rating and three have given a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $72.42.

Several equities analysts have recently issued reports on TTE shares. Citigroup raised TotalEnergies from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 26th. 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. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Morgan Stanley reaffirmed an “equal weight” rating and set a $64.10 target price (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Finally, Piper Sandler decreased their price target on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th.

Institutional Trading of TotalEnergies

Several institutional investors have recently modified their holdings of TTE. FSA Wealth Management LLC purchased a new position in shares of TotalEnergies in the third quarter worth about $26,000. Continuum Advisory LLC boosted its holdings in TotalEnergies by 70.4% in the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares during the last quarter. Asset Planning Inc purchased a new position in TotalEnergies in the fourth quarter worth approximately $31,000. Bernard Wealth Management Corp. purchased a new stake in TotalEnergies in the 4th quarter valued at about $32,000. Finally, HHM Wealth Advisors LLC lifted its holdings in shares of TotalEnergies by 156.3% in the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock worth $36,000 after acquiring an additional 400 shares during the last quarter. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Stock Down 1.4 %

Shares of NYSE:TTE opened at $64.27 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The stock’s 50-day moving average price is $60.96 and its 200-day moving average price is $61.06. The stock has a market capitalization of $154.11 billion, a P/E ratio of 9.65, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56. TotalEnergies has a 12-month low of $53.29 and a 12-month high of $74.97.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) 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 anticipate that TotalEnergies will post 8.02 earnings per share for the current year.

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.