TotalEnergies (NYSE:TTE) Stock Rating Lowered by Wall Street Zen

TotalEnergies (NYSE:TTE) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Sunday.

A number of other research firms have also weighed in on TTE. Mizuho started coverage on TotalEnergies in a research report on Monday, July 20th. They set an “outperform” rating and a $103.00 price objective for the company. CICC Research started coverage on TotalEnergies in a research note on Tuesday, June 23rd. They issued an “outperform” rating on the stock. Zacks Research downgraded TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Weiss Ratings raised TotalEnergies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $85.00 price target on shares of TotalEnergies in a research note on Thursday, July 23rd. Eleven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $87.14.

TotalEnergies Stock Down 0.5%

Shares of TotalEnergies stock opened at $89.46 on Friday. TotalEnergies has a 1 year low of $57.39 and a 1 year high of $94.17. The firm has a market cap of $214.51 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 3.17 and a beta of 0.13. The company has a 50-day moving average of $83.16 and a 200 day moving average of $85.15. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.06 and a quick ratio of 0.85.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $2.68 EPS for the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. The business had revenue of $57.10 billion for the quarter. As a group, sell-side analysts anticipate that TotalEnergies will post 10.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TTE. Robinswood Financial LLC purchased a new position in TotalEnergies in the 1st quarter worth about $27,000. Pin Oak Investment Advisors Inc. purchased a new stake in shares of TotalEnergies during the 2nd quarter valued at about $30,000. Elyxium Wealth LLC purchased a new stake in shares of TotalEnergies during the 4th quarter valued at about $33,000. SHP Wealth Management bought a new stake in shares of TotalEnergies in the fourth quarter worth approximately $37,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of TotalEnergies in the fourth quarter worth approximately $38,000. 16.53% of the stock is owned by institutional investors.

About TotalEnergies

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.