TotalEnergies (NYSE:TTE) Earns Outperform Rating from Analysts at Mizuho

Mizuho started coverage on shares of TotalEnergies (NYSE:TTE) in a research note issued to investors on Monday morning, Marketbeat reports. The brokerage issued an outperform rating and a $103.00 price objective on the stock.

A number of other analysts have also weighed in on TTE. Zacks Research lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Wall Street Zen downgraded TotalEnergies from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Kepler Capital Markets raised TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. TD Cowen restated a “buy” rating on shares of TotalEnergies in a research note on Monday, April 20th. Finally, Weiss Ratings raised TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Eleven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $87.00.

TotalEnergies Trading Up 1.6%

NYSE:TTE opened at $84.88 on Monday. The firm has a 50-day simple moving average of $84.22 and a 200-day simple moving average of $81.96. TotalEnergies has a one year low of $57.39 and a one year high of $94.17. The firm has a market cap of $203.52 billion, a P/E ratio of 12.58, a P/E/G ratio of 3.02 and a beta of 0.14. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 1.08.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. The firm had revenue of $49.52 billion for the quarter, compared to the consensus estimate of $44.58 billion. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. Equities analysts anticipate that TotalEnergies will post 10.41 EPS for the current fiscal year.

Institutional Investors Weigh In On TotalEnergies

Institutional investors have recently bought and sold shares of the company. Rosenberg Matthew Hamilton grew its holdings in TotalEnergies by 6.5% in the second quarter. Rosenberg Matthew Hamilton now owns 4,010 shares of the company’s stock worth $312,000 after purchasing an additional 244 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of TotalEnergies by 10.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 15,800 shares of the company’s stock valued at $1,229,000 after purchasing an additional 1,448 shares during the last quarter. Ballentine Partners LLC lifted its holdings in shares of TotalEnergies by 2.7% during the 2nd quarter. Ballentine Partners LLC now owns 14,220 shares of the company’s stock valued at $1,106,000 after purchasing an additional 373 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of TotalEnergies by 3.4% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 29,900 shares of the company’s stock worth $2,325,000 after purchasing an additional 995 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its position in shares of TotalEnergies by 18.0% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 141,779 shares of the company’s stock worth $11,025,000 after purchasing an additional 21,633 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.

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.