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

Shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) have been given a consensus recommendation of “Moderate Buy” by the eighteen brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $84.3333.

Several equities research analysts have recently commented on the stock. Scotiabank lifted their price target on shares of TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. CICC Research assumed coverage on shares of TotalEnergies in a report on Tuesday. They set an “outperform” rating for the company. Wall Street Zen upgraded shares of TotalEnergies from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. JPMorgan Chase & Co. upgraded shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a report on Monday, March 2nd. Finally, Piper Sandler boosted their price objective on shares of TotalEnergies from $74.00 to $92.00 and gave the company a “neutral” rating in a report on Thursday, March 12th.

TotalEnergies Trading Down 1.9%

Shares of NYSE TTE opened at $76.76 on Monday. TotalEnergies has a 1-year low of $57.39 and a 1-year high of $94.17. The company has a 50-day moving average of $88.15 and a two-hundred day moving average of $80.12. 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 company has a market cap of $184.05 billion, a PE ratio of 11.37, a P/E/G ratio of 2.65 and a beta of 0.12.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.22 by $0.23. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. The company had revenue of $49.52 billion during the quarter, compared to analysts’ expectations of $44.58 billion. As a group, equities analysts expect that TotalEnergies will post 11.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Amundi acquired a new position in shares of TotalEnergies in the first quarter valued at approximately $18,868,822,000. Vanguard Group Inc. acquired a new position in shares of TotalEnergies in the fourth quarter valued at approximately $5,337,330,000. Capital International Investors boosted its holdings in shares of TotalEnergies by 1,438.5% in the fourth quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock valued at $3,435,988,000 after buying an additional 49,245,192 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of TotalEnergies by 21,398.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 40,380,511 shares of the company’s stock valued at $2,641,693,000 after buying an additional 40,192,677 shares during the period. Finally, Caisse Des Depots ET Consignations acquired a new position in shares of TotalEnergies in the fourth quarter valued at approximately $1,982,676,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

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.