TotalEnergies (NYSE:TTE) Raised to “Strong-Buy” at Wall Street Zen

TotalEnergies (NYSE:TTE) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Several other brokerages have also recently weighed in on TTE. Zacks Research upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 19th. Freedom Broker upgraded TotalEnergies from a “sell” rating to a “hold” rating in a research report on Tuesday. Piper Sandler lifted their target price on TotalEnergies from $84.00 to $93.00 and gave the stock a “neutral” rating in a research report on Thursday, September 3rd. Morgan Stanley cut TotalEnergies from an “overweight” rating to an “equal weight” rating and set a $90.00 target price for the company. in a report on Thursday, September 3rd. Finally, Barclays reaffirmed an “overweight” rating on shares of TotalEnergies in a report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $96.00.

TotalEnergies Trading Down 0.9%

NYSE:TTE opened at $87.97 on Friday. The company has a quick ratio of 0.89, a current ratio of 1.11 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $210.91 billion, a price-to-earnings ratio of 8.52 and a beta of 0.14. The firm has a 50 day moving average of $89.78 and a 200 day moving average of $85.67. TotalEnergies has a 52 week low of $61.63 and a 52 week high of $95.78.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Friday, October 30th. The company reported $4.03 EPS for the quarter, beating analysts’ consensus estimates of $3.84 by $0.19. TotalEnergies had a net margin of 9.61% and a return on equity of 19.08%. The company had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $55.39 billion. As a group, sell-side analysts anticipate that TotalEnergies will post 12.72 earnings per share for the current fiscal year.

Institutional Trading of TotalEnergies

Several hedge funds have recently modified their holdings of TTE. Amundi acquired a new stake in TotalEnergies during the first quarter worth approximately $18,868,822,000. DekaBank Deutsche Girozentrale acquired a new position in shares of TotalEnergies in the 1st quarter worth approximately $1,103,799,000. Janus Henderson Group PLC grew its holdings in shares of TotalEnergies by 25.2% in the 1st quarter. Janus Henderson Group PLC now owns 11,349,122 shares of the company’s stock valued at $1,055,775,000 after buying an additional 2,287,500 shares during the period. Bank of New York Mellon Corp raised its stake in TotalEnergies by 8.3% in 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 buying an additional 881,889 shares during the period. Finally, Groupe la Francaise raised its stake in TotalEnergies by 8.9% during the first quarter. Groupe la Francaise now owns 7,617,900 shares of the company’s stock worth $683,234,000 after acquiring an additional 624,764 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Company Profile

TotalEnergies SE is a France-based integrated energy company with operations spanning the oil and natural gas value chain. Its activities include exploring for and producing hydrocarbons, processing and refining them, and supplying energy products to customers.

The company also markets natural gas, including liquefied natural gas, and operates in electricity generation and renewable energy. Its portfolio includes solar and wind power, as well as energy storage and related services.

Founded in 1924 as Compagnie française des pétroles, the company has expanded and evolved through acquisitions and business changes.