TotalEnergies SE Sponsored ADR (NYSE:TTE) Receives Average Rating of “Hold” from Brokerages

TotalEnergies SE Sponsored ADR (NYSE:TTE) has been given an average recommendation of “Hold” by the fifteen research firms that are covering the stock, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $66.96.

TTE has been the topic of a number of recent analyst reports. Dbs Bank cut TotalEnergies from a “moderate buy” rating to a “hold” rating in a research report on Thursday, November 6th. Royal Bank Of Canada restated an “outperform” rating on shares of TotalEnergies in a research note on Tuesday, September 30th. HSBC cut shares of TotalEnergies from a “buy” rating to a “hold” rating in a research report on Monday, December 1st. JPMorgan Chase & Co. lowered shares of TotalEnergies from an “overweight” rating to a “neutral” rating in a research report on Friday, December 5th. Finally, BNP Paribas Exane reaffirmed a “neutral” rating on shares of TotalEnergies in a research note on Tuesday, September 23rd.

TotalEnergies Stock Down 0.8%

Shares of TTE opened at $65.41 on Friday. The firm has a 50 day simple moving average of $64.48 and a two-hundred day simple moving average of $62.47. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.01 and a quick ratio of 0.82. TotalEnergies has a one year low of $52.78 and a one year high of $66.92. The company has a market cap of $156.83 billion, a P/E ratio of 10.57, a P/E/G ratio of 3.46 and a beta of 0.22.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Monday, November 3rd. The company reported $1.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($0.04). TotalEnergies had a net margin of 6.98% and a return on equity of 13.54%. The business had revenue of $87.69 billion during the quarter, compared to the consensus estimate of $43.66 billion. Research analysts forecast that TotalEnergies will post 8.02 EPS for the current fiscal year.

Hedge Funds Weigh In On TotalEnergies

Several large investors have recently bought and sold shares of TTE. First Horizon Corp bought a new stake in shares of TotalEnergies during the third quarter worth about $25,000. Grey Fox Wealth Advisors LLC acquired a new stake in TotalEnergies during the 3rd quarter worth approximately $29,000. NewSquare Capital LLC boosted its position in TotalEnergies by 141.5% during the 2nd quarter. NewSquare Capital LLC now owns 495 shares of the company’s stock worth $30,000 after buying an additional 290 shares during the period. Trust Co. of Toledo NA OH bought a new stake in TotalEnergies during the 2nd quarter worth approximately $34,000. Finally, Salomon & Ludwin LLC increased its position in TotalEnergies by 1,177.3% in the 3rd quarter. Salomon & Ludwin LLC now owns 562 shares of the company’s stock valued at $34,000 after acquiring an additional 518 shares during the period. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Company Profile

TotalEnergies SE (NYSE: TTE) is a French multinational integrated energy company engaged across the full energy value chain. Founded in 1924 as Compagnie Française des Pétroles, the company grew through a series of mergers and expansions—most notably with Petrofina and Elf Aquitaine around the turn of the millennium—and rebranded to TotalEnergies in 2021 to reflect a broader focus on multiple energy sources. It is organized to operate across upstream and downstream activities while pursuing a transition toward lower-carbon energy solutions.

In upstream, TotalEnergies explores for and produces crude oil and natural gas globally.