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

TotalEnergies SE (NYSE:TTE) has been given an average rating of “Moderate Buy” by the eleven analysts that are covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating, two have given a buy rating and three have issued a strong buy rating on 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.

Several equities research analysts recently issued reports on TTE shares. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Piper Sandler cut their price target 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. Morgan Stanley reaffirmed an “equal weight” rating and set a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Finally, BNP Paribas downgraded TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th.

Institutional Trading of TotalEnergies

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

TotalEnergies Price Performance

TTE stock opened at $61.02 on Monday. TotalEnergies has a 1 year low of $53.29 and a 1 year high of $74.97. The firm has a market capitalization of $146.32 billion, a PE ratio of 9.16, a price-to-earnings-growth ratio of 0.98 and a beta of 0.61. 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 business has a 50 day simple moving average of $58.73 and a 200-day simple moving average of $61.75.

TotalEnergies (NYSE:TTE) last issued its 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 return on equity of 15.22% and a net margin of 7.34%. Equities research analysts anticipate that TotalEnergies will post 8.02 earnings per share for the current fiscal 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.