TotalEnergies (NYSE:TTE) Stock Rating Upgraded by Freedom Broker

TotalEnergies (NYSE:TTE) was upgraded by investment analysts at Freedom Broker from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, Benzinga reports.

Several other equities research analysts also recently weighed in on the company. TD Cowen decreased their target price on TotalEnergies from $108.00 to $105.00 and set a “buy” rating for the company in a research report on Tuesday, October 13th. Morgan Stanley lowered TotalEnergies from an “overweight” rating to an “equal weight” rating and set a $90.00 price target on the stock. in a research report on Thursday, September 3rd. Zacks Research raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 19th. Mizuho set a $108.00 price target on TotalEnergies in a report on Friday, October 16th. Finally, HSBC raised shares of TotalEnergies from a “hold” rating to a “buy” rating in a research report on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.00.

TotalEnergies Stock Down 0.3%

Shares of NYSE:TTE traded down $0.25 during midday trading on Tuesday, hitting $92.53. 766,077 shares of the company’s stock traded hands, compared to its average volume of 1,783,503. The firm’s fifty day moving average price is $89.62 and its two-hundred day moving average price is $85.19. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.85 and a current ratio of 1.06. TotalEnergies has a twelve month low of $60.85 and a twelve month high of $95.78. The company has a market cap of $221.85 billion, a PE ratio of 9.25 and a beta of 0.17.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Thursday, October 29th. The company reported $4.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.84 by $0.19. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%. The firm had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $55.39 billion. On average, equities research analysts anticipate that TotalEnergies will post 12.70 EPS for the current fiscal year.

Hedge Funds Weigh In On TotalEnergies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TTE. QRG Capital Management Inc. increased its holdings in shares of TotalEnergies by 47.9% during the 2nd quarter. QRG Capital Management Inc. now owns 114,663 shares of the company’s stock worth $8,916,000 after acquiring an additional 37,112 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. raised its stake in TotalEnergies by 16.9% in the 2nd quarter. Generali Investments CEE investicni spolecnost a.s. now owns 153,140 shares of the company’s stock valued at $11,900,000 after acquiring an additional 22,103 shares during the period. Plato Investment Management Ltd acquired a new stake in TotalEnergies during the 2nd quarter valued at $1,349,000. Flossbach Von Storch SE acquired a new stake in TotalEnergies during the 2nd quarter valued at $30,877,000. Finally, Saudi Central Bank bought a new position in TotalEnergies during the second quarter worth $42,154,000. 16.53% of the stock is owned by hedge funds and other institutional investors.

Key TotalEnergies News

Here are the key news stories impacting TotalEnergies this week:

• Positive Sentiment: Five-year LNG agreement: TotalEnergies signed a supply agreement with ADNOC Gas for up to 1.6 million tonnes of LNG, with deliveries expected to begin in 2026. The contract should improve supply visibility and strengthen TotalEnergies’ position in the growing global LNG market. TotalEnergies signs five-year LNG supply deal with ADNOC Gas
• Positive Sentiment: Malaysian gas expansion: TotalEnergies agreed to acquire a 30% operated interest in the Lang Lebah and B14 offshore gas fields in Malaysia. The integrated development is expected to unlock more than 6.5 trillion cubic feet of gas, supporting long-term production growth, although investment and execution requirements remain considerations. TotalEnergies to buy 30% stake in two Malaysian offshore gas fields
• Positive Sentiment: Renewables positioning: CEO Patrick Pouyanné said TotalEnergies is spending more on U.S. renewable projects as other companies retreat. The strategy could create growth opportunities at potentially more attractive valuations and reinforce the company’s energy-transition profile. TotalEnergies spending more on US renewables
• Positive Sentiment: Broker support: DZ BANK AG initiated or reiterated a “Buy” rating on TotalEnergies, adding positive analyst sentiment. TotalEnergies receives a Buy from DZ BANK AG
• Neutral Sentiment: TotalEnergies’ annual Energy Outlook highlights uncertainty around the global energy transition through 2060. The report supports the company’s diversified strategy but is primarily informational rather than a near-term earnings catalyst. TotalEnergies Energy Outlook
• Negative Sentiment: The CEO said Europe is unlikely to face a gas shortage this winter but may have to pay more to secure supplies. Adequate availability could limit scarcity-driven gas prices, while higher costs could pressure consumers and regional demand. TotalEnergies chief sees no gas shortage in Europe
• Neutral Sentiment: TotalEnergies expects the Iran war to accelerate the energy transition, potentially benefiting renewables over time but increasing geopolitical and commodity-price uncertainty in the near term. TotalEnergies expects Iran war to accelerate energy transition

TotalEnergies Company Profile

TotalEnergies SE is a French multinational energy company that explores for, produces, processes and markets oil and natural gas. Established in 1924 as the Compagnie française des pétroles, the company adopted the TotalEnergies name in 2021 to reflect its broader focus on multiple forms of energy.

The company’s activities include liquefied natural gas, refining and petrochemicals, fuels, lubricants, and the operation of service stations. TotalEnergies also develops and sells electricity from renewable and other power-generation sources, including solar and wind projects, as well as energy-storage and electric-vehicle charging solutions.

TotalEnergies serves customers and operates projects across numerous regions, including Europe, Africa, the Middle East, the Americas and the Asia-Pacific region.