Wolfe Research started coverage on shares of TotalEnergies (NYSE:TTE – Free Report) 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 %
TotalEnergies (NYSE:TTE – Get Free Report) 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.
Read More
- Five stocks we like better than TotalEnergies
- 3 Best Fintech Stocks for a Portfolio Boost
- Oracle Pulls Back After Musk Deal Falls Through, Time to Buy?
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- Semiconductor Giant Posts Big Earnings Beat, but Shares Stay Flat
- Energy and Oil Stocks Explained
- How to Execute the Wheel Strategy to Generate Options Income
Receive News & Ratings for TotalEnergies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TotalEnergies and related companies with MarketBeat.com's FREE daily email newsletter.