Redburn Atlantic Upgrades TotalEnergies (NYSE:TTE) to Strong-Buy

TotalEnergies (NYSE:TTE) was upgraded by Redburn Atlantic from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Several other brokerages have also recently issued reports on TTE. Scotiabank reduced their price objective on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. TD Cowen downgraded TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Piper Sandler cut their target price on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Finally, Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Six analysts have rated the stock with a hold rating, two have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $72.42.

TotalEnergies Stock Performance

NYSE:TTE opened at $58.78 on Thursday. The firm’s fifty day simple moving average is $56.86 and its 200-day simple moving average is $63.25. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39. The stock has a market cap of $138.79 billion, a PE ratio of 8.34, a price-to-earnings-growth ratio of 2.01 and a beta of 0.61. TotalEnergies has a fifty-two week low of $53.29 and a fifty-two week high of $74.97.

TotalEnergies (NYSE:TTE) last issued its earnings results on Thursday, October 31st. The company reported $1.74 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($0.10). TotalEnergies had a return on equity of 15.93% and a net margin of 7.78%. The company had revenue of $52.02 billion for the quarter, compared to analyst estimates of $57.03 billion. During the same quarter in the previous year, the company posted $2.63 earnings per share. Analysts expect that TotalEnergies will post 7.77 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Columbus Macro LLC lifted its holdings in shares of TotalEnergies by 56.2% during the 4th quarter. Columbus Macro LLC now owns 38,206 shares of the company’s stock worth $2,082,000 after acquiring an additional 13,739 shares during the period. Fourpath Capital Management LLC increased its position in TotalEnergies by 30.0% during the fourth quarter. Fourpath Capital Management LLC now owns 18,693 shares of the company’s stock worth $1,019,000 after purchasing an additional 4,316 shares during the last quarter. Resonant Capital Advisors LLC raised its stake in TotalEnergies by 8.0% during the fourth quarter. Resonant Capital Advisors LLC now owns 4,235 shares of the company’s stock worth $234,000 after purchasing an additional 312 shares during the period. FSM Wealth Advisors LLC boosted its holdings in shares of TotalEnergies by 3.4% in the 4th quarter. FSM Wealth Advisors LLC now owns 5,635 shares of the company’s stock valued at $333,000 after purchasing an additional 187 shares during the last quarter. Finally, HHM Wealth Advisors LLC grew its stake in shares of TotalEnergies by 156.3% during the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock valued at $36,000 after buying an additional 400 shares during the period. Hedge funds and other institutional investors own 16.53% of the company’s stock.

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.