TotalEnergies SE (NYSE:TTE) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

TotalEnergies SE (NYSE:TTE) has received an average recommendation of “Moderate Buy” from the fourteen research firms that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and three have given a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $69.36.

A number of research analysts have recently issued reports on the stock. HSBC restated a “buy” rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Piper Sandler raised their target price on shares of TotalEnergies from $62.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, May 13th. Citigroup upgraded TotalEnergies from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 26th. Dbs Bank raised TotalEnergies from a “hold” rating to a “buy” rating in a report on Wednesday, May 7th. Finally, Scotiabank cut their price target on TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating on the stock in a report on Friday, April 11th.

Institutional Investors Weigh In On TotalEnergies

Several large investors have recently made changes to their positions in the company. Asset Planning Inc acquired a new position in shares of TotalEnergies during the fourth quarter valued at approximately $31,000. Financial Management Professionals Inc. lifted its position in shares of TotalEnergies by 65.8% in the 1st quarter. Financial Management Professionals Inc. now owns 484 shares of the company’s stock valued at $31,000 after acquiring an additional 192 shares in the last quarter. Bernard Wealth Management Corp. acquired a new stake in shares of TotalEnergies in the fourth quarter worth $32,000. Inlight Wealth Management LLC acquired a new stake in TotalEnergies during the 1st quarter worth about $32,000. Finally, Costello Asset Management INC purchased a new position in TotalEnergies during the first quarter valued at approximately $32,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Price Performance

Shares of NYSE TTE opened at $63.48 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $152.20 billion, a price-to-earnings ratio of 9.53, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56. TotalEnergies has a twelve month low of $52.78 and a twelve month high of $71.03. The business has a 50 day simple moving average of $58.60 and a 200-day simple moving average of $58.86.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Wednesday, April 30th. The company reported $1.83 EPS for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. The business had revenue of $47.90 billion during the quarter, compared to analyst estimates of $41.23 billion. During the same period in the prior year, the firm earned $2.14 EPS. As a group, equities research analysts expect that TotalEnergies will post 8.02 earnings per share for the current year.

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.