TotalEnergies SE Sponsored ADR (NYSE:TTE) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) have been assigned a consensus rating of “Moderate Buy” from the eighteen ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $92.00.

TTE has been the subject of several research reports. JPMorgan Chase & Co. cut shares of TotalEnergies from an “overweight” rating to a “neutral” rating in a report on Wednesday, September 23rd. Barclays reiterated an “overweight” rating on shares of TotalEnergies in a research note on Monday. TD Cowen increased their target price on shares of TotalEnergies from $102.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Morgan Stanley set a $90.00 target price on shares of TotalEnergies and gave the company an “equal weight” rating in a research note on Thursday, September 3rd. Finally, Wall Street Zen upgraded shares of TotalEnergies from a “hold” rating to a “buy” rating in a report on Monday, August 31st.

TotalEnergies Stock Down 0.3%

NYSE:TTE opened at $84.13 on Wednesday. The business’s fifty day moving average price is $88.60 and its 200 day moving average price is $87.43. The firm has a market capitalization of $201.71 billion, a price-to-earnings ratio of 10.53 and a beta of 0.18. The company has a current ratio of 1.06, a quick ratio of 0.85 and a debt-to-equity ratio of 0.38. TotalEnergies has a 1-year low of $57.39 and a 1-year high of $94.17.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $2.68 EPS for the quarter. The firm had revenue of $57.10 billion during the quarter. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%. On average, sell-side analysts forecast that TotalEnergies will post 11.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TTE. Amundi acquired a new stake in shares of TotalEnergies during the 1st quarter valued at about $18,868,822,000. Capital International Investors increased its holdings in TotalEnergies by 1,438.5% in the fourth quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock worth $3,435,988,000 after buying an additional 49,245,192 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in TotalEnergies during the first quarter valued at approximately $1,103,799,000. Bank of New York Mellon Corp raised its position in TotalEnergies by 8.3% during the first quarter. Bank of New York Mellon Corp now owns 11,514,654 shares of the company’s stock valued at $1,047,603,000 after acquiring an additional 881,889 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in TotalEnergies by 25.2% in the first quarter. Janus Henderson Group PLC now owns 11,349,122 shares of the company’s stock valued at $1,055,775,000 after acquiring an additional 2,287,500 shares during the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Company Profile

TotalEnergies SE is a France-based, integrated energy company that produces and markets oil, natural gas, liquefied natural gas (LNG), electricity and low-carbon energy. Its operations span the energy value chain, including exploration and production, refining, petrochemicals, fuel distribution, lubricants, and energy trading.

The company is also expanding its renewable and electricity businesses, with activities in solar and wind power, battery storage, electric-vehicle charging and other lower-carbon energy solutions.