TotalEnergies SE (NYSE:TTE) Receives Average Rating of “Hold” from Analysts

Shares of TotalEnergies SE (NYSE:TTE) have earned a consensus rating of “Hold” from the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $82.00.

Several equities analysts have recently weighed in on the company. Wolfe Research began coverage on TotalEnergies in a report on Thursday, July 18th. They set an “outperform” rating and a $87.00 price target on the stock. Scotiabank lowered their target price on TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th.

TotalEnergies Price Performance

NYSE TTE opened at $69.03 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.87 and a current ratio of 1.11. The company has a market capitalization of $163.01 billion, a price-to-earnings ratio of 7.79, a PEG ratio of 1.75 and a beta of 0.64. The stock has a 50-day moving average of $67.75 and a 200 day moving average of $68.75. TotalEnergies has a one year low of $61.14 and a one year high of $74.97.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Thursday, July 25th. The company reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.13). The company had revenue of $53.74 billion during the quarter, compared to the consensus estimate of $60.45 billion. TotalEnergies had a return on equity of 17.92% and a net margin of 9.49%. During the same quarter in the prior year, the firm earned $1.99 earnings per share. On average, sell-side analysts forecast that TotalEnergies will post 8.84 EPS for the current year.

Hedge Funds Weigh In On TotalEnergies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Key Financial Inc raised 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 buying an additional 221 shares during the period. North Star Investment Management Corp. increased 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 acquiring an additional 310 shares in the last quarter. Larson Financial Group LLC raised its stake in TotalEnergies by 100.5% during the 2nd quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock worth $28,000 after acquiring an additional 212 shares during the period. Evolution Advisers Inc. purchased a new position in TotalEnergies during the fourth quarter valued at approximately $29,000. Finally, Pathway Financial Advisers LLC bought a new position in shares of TotalEnergies in the first quarter worth approximately $29,000. 13.22% of the stock is currently owned by hedge funds and other institutional investors.

About TotalEnergies

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.