TotalEnergies SE Sponsored ADR (NYSE:TTE) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

TotalEnergies SE Sponsored ADR (NYSE:TTE) has received an average rating of “Moderate Buy” from the eighteen analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $84.3333.

A number of equities analysts have weighed in on TTE shares. BNP Paribas Exane raised shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. Scotiabank raised their target price on shares of TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Zacks Research downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday. Citigroup reaffirmed a “buy” rating on shares of TotalEnergies in a research note on Thursday, February 12th. Finally, Morgan Stanley reissued an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th.

Institutional Investors Weigh In On TotalEnergies

Several institutional investors and hedge funds have recently made changes to their positions in TTE. AQR Capital Management LLC increased its position in shares of TotalEnergies by 151.0% during the first quarter. AQR Capital Management LLC now owns 67,461 shares of the company’s stock valued at $4,364,000 after acquiring an additional 40,586 shares in the last quarter. Empowered Funds LLC increased its position in shares of TotalEnergies by 2.1% during the first quarter. Empowered Funds LLC now owns 40,988 shares of the company’s stock valued at $2,652,000 after acquiring an additional 835 shares in the last quarter. Sivia Capital Partners LLC increased its position in shares of TotalEnergies by 17.7% during the second quarter. Sivia Capital Partners LLC now owns 5,136 shares of the company’s stock valued at $315,000 after acquiring an additional 774 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of TotalEnergies by 14.9% during the second quarter. Russell Investments Group Ltd. now owns 24,274 shares of the company’s stock valued at $1,490,000 after acquiring an additional 3,151 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of TotalEnergies by 7.3% during the second quarter. Invesco Ltd. now owns 198,215 shares of the company’s stock valued at $12,168,000 after acquiring an additional 13,536 shares in the last quarter. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Performance

TotalEnergies stock opened at $86.81 on Thursday. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41. The firm has a 50-day moving average of $90.41 and a 200-day moving average of $77.11. The firm has a market cap of $208.15 billion, a P/E ratio of 12.86, a P/E/G ratio of 3.20 and a beta of 0.14. TotalEnergies has a 1-year low of $57.39 and a 1-year high of $94.17.

TotalEnergies (NYSE:TTE) last posted its earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. The company had revenue of $49.52 billion during the quarter, compared to analyst estimates of $44.58 billion. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. Sell-side analysts expect that TotalEnergies will post 10.58 EPS for the current year.

About TotalEnergies

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.