TotalEnergies (NYSE:TTE) Upgraded at Redburn Atlantic

Redburn Atlantic upgraded shares of TotalEnergies (NYSE:TTE) from a hold rating to a strong-buy rating in a report released on Thursday,Zacks.com reports.

TTE has been the topic of several other research reports. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Piper Sandler reduced their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. TD Cowen cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Finally, UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Six equities research analysts have rated the stock with a hold rating, two have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, TotalEnergies has an average rating of “Moderate Buy” and a consensus price target of $72.42.

TotalEnergies Price Performance

NYSE:TTE opened at $58.78 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. TotalEnergies has a one year low of $53.29 and a one year high of $74.97. The company has a fifty day moving average price of $56.86 and a 200 day moving average price of $63.22. The stock has a market cap of $138.79 billion, a P/E ratio of 8.34, a PEG ratio of 2.01 and a beta of 0.61.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Thursday, October 31st. The company reported $1.74 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.10). TotalEnergies had a net margin of 7.78% and a return on equity of 15.93%. The company had revenue of $52.02 billion for the quarter, compared to analyst estimates of $57.03 billion. During the same period in the prior year, the company posted $2.63 EPS. Analysts anticipate that TotalEnergies will post 7.77 earnings per share for the current year.

TotalEnergies Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.8308 per share. The ex-dividend date was Tuesday, December 31st. TotalEnergies’s dividend payout ratio is currently 34.04%.

Institutional Investors Weigh In On TotalEnergies

Several institutional investors have recently modified their holdings of TTE. Mather Group LLC. raised its position in shares of TotalEnergies by 12.4% during the 3rd quarter. Mather Group LLC. now owns 1,312 shares of the company’s stock valued at $85,000 after acquiring an additional 145 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in TotalEnergies by 0.6% in the third quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company’s stock valued at $1,793,000 after buying an additional 165 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in TotalEnergies by 1.0% during the third quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company’s stock worth $1,085,000 after buying an additional 169 shares during the last quarter. Tradition Wealth Management LLC increased its stake in TotalEnergies by 2.5% in the third quarter. Tradition Wealth Management LLC now owns 7,124 shares of the company’s stock valued at $460,000 after purchasing an additional 171 shares in the last quarter. Finally, Lake Street Advisors Group LLC boosted its position in shares of TotalEnergies by 2.2% during the third quarter. Lake Street Advisors Group LLC now owns 8,595 shares of the company’s stock worth $563,000 after purchasing an additional 181 shares in the last quarter. Institutional investors and hedge funds own 16.53% of the company’s stock.

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.