TotalEnergies SE (NYSE:TTE) Given Consensus Recommendation of “Hold” by Analysts

TotalEnergies SE (NYSE:TTE) has been given a consensus recommendation of “Hold” by the six analysts that are covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold rating. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $70.75.

TTE has been the subject of a number of research analyst reports. Scotiabank upped their price target on shares of TotalEnergies from $74.00 to $86.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Piper Sandler raised their target price on shares of TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a report on Thursday, April 18th.

TotalEnergies Stock Up 0.1 %

TTE stock opened at $66.68 on Wednesday. The firm’s 50-day moving average is $70.70 and its two-hundred day moving average is $68.32. The company has a market capitalization of $156.81 billion, a price-to-earnings ratio of 7.53, a price-to-earnings-growth ratio of 1.66 and a beta of 0.67. TotalEnergies has a 52 week low of $54.94 and a 52 week high of $74.97. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.31.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Friday, April 26th. The company reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $1.96 by $0.18. TotalEnergies had a return on equity of 18.30% and a net margin of 9.52%. The company had revenue of $56.28 billion for the quarter, compared to the consensus estimate of $59.64 billion. On average, analysts forecast that TotalEnergies will post 9.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TTE. Private Trust Co. NA grew its holdings in TotalEnergies by 1.6% during the first quarter. Private Trust Co. NA now owns 9,273 shares of the company’s stock valued at $638,000 after purchasing an additional 149 shares during the last quarter. Geneos Wealth Management Inc. raised its position in TotalEnergies by 3.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,379 shares of the company’s stock valued at $301,000 after purchasing an additional 153 shares during the last quarter. PDS Planning Inc boosted its stake in TotalEnergies by 2.3% in the fourth quarter. PDS Planning Inc now owns 6,839 shares of the company’s stock worth $461,000 after purchasing an additional 156 shares in the last quarter. Kestra Private Wealth Services LLC boosted its stake in TotalEnergies by 1.0% in the fourth quarter. Kestra Private Wealth Services LLC now owns 18,496 shares of the company’s stock worth $1,246,000 after purchasing an additional 179 shares in the last quarter. Finally, Delta Financial Group Inc. increased its position in TotalEnergies by 3.1% in the 1st quarter. Delta Financial Group Inc. now owns 6,250 shares of the company’s stock valued at $430,000 after acquiring an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 13.22% of the company’s stock.

TotalEnergies Company Profile

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.