TotalEnergies (NYSE:TTE) Receives New Coverage from Analysts at Wolfe Research

Wolfe Research started coverage on shares of TotalEnergies (NYSE:TTE) in a research report sent to investors on Thursday morning, MarketBeat.com reports. The firm issued an outperform rating and a $87.00 target price on the stock.

Several other equities research analysts have also issued reports on the company. Piper Sandler raised their target price on TotalEnergies from $75.00 to $79.00 and gave the company a neutral rating in a research report on Thursday, April 18th. Scotiabank decreased their price objective on shares of TotalEnergies from $86.00 to $80.00 and set a sector perform rating for the company in a report on Friday, July 12th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $72.80.

TotalEnergies Stock Up 1.2 %

TTE opened at $69.30 on Thursday. TotalEnergies has a fifty-two week low of $57.97 and a fifty-two week high of $74.97. The firm has a market capitalization of $163.65 billion, a P/E ratio of 7.82, a PEG ratio of 1.69 and a beta of 0.64. The company’s 50-day moving average is $69.67 and its 200 day moving average is $68.42. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.09 and a quick ratio of 0.87.

TotalEnergies (NYSE:TTE) last posted its earnings results on Friday, April 26th. The company reported $2.14 EPS for the quarter, topping the consensus estimate of $1.96 by $0.18. TotalEnergies had a net margin of 9.52% and a return on equity of 18.30%. The firm had revenue of $56.28 billion for the quarter, compared to analysts’ expectations of $59.64 billion. Research analysts expect that TotalEnergies will post 9.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TotalEnergies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Key Financial Inc increased its stake in shares of TotalEnergies by 139.0% in the fourth quarter. Key Financial Inc now owns 380 shares of the company’s stock worth $26,000 after purchasing an additional 221 shares in the last quarter. North Star Investment Management Corp. boosted its holdings in TotalEnergies by 310.0% in the 1st quarter. North Star Investment Management Corp. now owns 410 shares of the company’s stock worth $28,000 after buying an additional 310 shares during the period. Evolution Advisers Inc. purchased a new position in TotalEnergies in the 4th quarter valued at approximately $29,000. Pathway Financial Advisers LLC bought a new stake in TotalEnergies during the 1st quarter valued at $29,000. Finally, Frazier Financial Advisors LLC bought a new stake in TotalEnergies during the 4th quarter valued at $30,000. 13.22% of the stock is currently owned by institutional investors.

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.