TotalEnergies SE Sponsored ADR (NYSE:TTE) Stock Has Consensus Target Price of $92.00

TotalEnergies SE Sponsored ADR (NYSE:TTE) has been given an average recommendation of “Hold” by the seventeen analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $92.00.

TTE has been the subject of several analyst reports. Mizuho initiated coverage on TotalEnergies in a report on Monday, July 20th. They issued an “outperform” rating and a $103.00 price objective for the company. JPMorgan Chase & Co. cut TotalEnergies from an “overweight” rating to a “neutral” rating in a research note on Wednesday, September 23rd. Morgan Stanley set a $90.00 price objective on TotalEnergies and gave the company an “equal weight” rating in a report on Thursday, September 3rd. Wall Street Zen raised shares of TotalEnergies from a “hold” rating to a “buy” rating in a research report on Monday, August 31st. Finally, TD Cowen increased their price target on shares of TotalEnergies from $102.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, July 24th.

TotalEnergies Price Performance

TTE stock opened at $84.33 on Wednesday. The stock has a market cap of $202.20 billion, a PE ratio of 10.55 and a beta of 0.18. The stock has a 50-day moving average price of $88.60 and a two-hundred day moving average price of $87.46. The company has a current ratio of 1.06, a quick ratio of 0.85 and a debt-to-equity ratio of 0.38. TotalEnergies has a 1 year low of $57.39 and a 1 year high of $94.17.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Tuesday, June 30th. The company reported $2.68 earnings per share 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. Equities analysts forecast that TotalEnergies will post 11.64 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Versant Capital Management Inc increased its holdings in shares of TotalEnergies by 4.2% in the third quarter. Versant Capital Management Inc now owns 13,427 shares of the company’s stock valued at $1,154,000 after purchasing an additional 540 shares during the last quarter. Parrish Capital LLC lifted its stake in shares of TotalEnergies by 4.5% during the 3rd quarter. Parrish Capital LLC now owns 21,539 shares of the company’s stock worth $1,842,000 after buying an additional 926 shares during the last quarter. QRG Capital Management Inc. lifted its stake in shares of TotalEnergies by 47.9% during the 2nd quarter. QRG Capital Management Inc. now owns 114,663 shares of the company’s stock worth $8,916,000 after buying an additional 37,112 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of TotalEnergies by 3.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 29,900 shares of the company’s stock worth $2,325,000 after buying an additional 995 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its holdings in shares of TotalEnergies by 2.9% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 20,714 shares of the company’s stock worth $1,611,000 after buying an additional 581 shares during the period. 16.53% of the stock is currently owned by institutional investors.

About TotalEnergies

TotalEnergies SE is a France-based, integrated energy company that produces and markets oil, natural gas, liquefied natural gas (LNG), electricity and low-carbon energy. Its operations span the energy value chain, including exploration and production, refining, petrochemicals, fuel distribution, lubricants, and energy trading.

The company is also expanding its renewable and electricity businesses, with activities in solar and wind power, battery storage, electric-vehicle charging and other lower-carbon energy solutions.