TotalEnergies (NYSE:TTE) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of TotalEnergies (NYSE:TTE) from a hold rating to a buy rating in a research report report published on Saturday.

TTE has been the topic of several other research reports. Mizuho initiated coverage on shares of TotalEnergies in a report on Monday, July 20th. They set an “outperform” rating and a $103.00 target price on the stock. Piper Sandler reiterated a “neutral” rating and issued a $85.00 price target on shares of TotalEnergies in a report on Thursday, July 23rd. Morgan Stanley reissued an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. Weiss Ratings raised TotalEnergies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Finally, Zacks Research cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Eleven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $87.14.

TotalEnergies Trading Up 1.3%

Shares of TTE opened at $88.16 on Friday. The company has a market capitalization of $211.38 billion, a PE ratio of 11.03, a price-to-earnings-growth ratio of 3.12 and a beta of 0.14. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.85 and a current ratio of 1.06. TotalEnergies has a fifty-two week low of $57.39 and a fifty-two week high of $94.17. The stock has a fifty day moving average of $82.92 and a two-hundred day moving average of $84.32.

TotalEnergies (NYSE:TTE) last released its earnings results on Tuesday, June 30th. The company reported $2.68 EPS for the quarter. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%.The firm had revenue of $57.10 billion during the quarter. As a group, analysts forecast that TotalEnergies will post 10.65 EPS for the current year.

Hedge Funds Weigh In On TotalEnergies

Large investors have recently modified their holdings of the stock. ABN AMRO Bank N.V. acquired a new position in TotalEnergies during the 4th quarter valued at $122,831,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in TotalEnergies in the fourth quarter valued at about $830,000. Vanguard Group Inc. bought a new position in shares of TotalEnergies in the fourth quarter valued at about $5,337,330,000. Generali Asset Management SPA SGR bought a new position in shares of TotalEnergies in the fourth quarter worth about $85,105,000. Finally, Bank of Italy acquired a new position in shares of TotalEnergies during the fourth quarter valued at $422,957,000. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Company Profile

TotalEnergies SE (NYSE: TTE) is a French multinational integrated energy company engaged across the full energy value chain. Founded in 1924 as Compagnie Française des Pétroles, the company grew through a series of mergers and expansions—most notably with Petrofina and Elf Aquitaine around the turn of the millennium—and rebranded to TotalEnergies in 2021 to reflect a broader focus on multiple energy sources. It is organized to operate across upstream and downstream activities while pursuing a transition toward lower-carbon energy solutions.

In upstream, TotalEnergies explores for and produces crude oil and natural gas globally.