TotalEnergies (NYSE:TTE) Trading 3.1% Higher – Still a Buy?

TotalEnergies SE (NYSE:TTE) traded up 3.1% on Wednesday . The stock traded as high as $65.54 and last traded at $65.49. 504,550 shares traded hands during trading, a decline of 69% from the average session volume of 1,645,889 shares. The stock had previously closed at $63.52.

Analyst Ratings Changes

TTE has been the subject of a number of recent research reports. Piper Sandler dropped their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Morgan Stanley reiterated an “equal weight” rating and set a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Citigroup upgraded shares of TotalEnergies from a “neutral” rating to a “buy” rating in a report on Wednesday. Finally, Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Six analysts have rated the stock with a hold rating, three have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $72.42.

TotalEnergies Trading Up 0.5 %

The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The stock’s 50 day moving average is $60.87 and its two-hundred day moving average is $61.15. The company has a market capitalization of $156.31 billion, a PE ratio of 9.79, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. As a group, sell-side analysts predict that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

Institutional Trading of TotalEnergies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE grew its stake in TotalEnergies by 121.1% in the fourth quarter. Bank of America Corp DE now owns 7,648,225 shares of the company’s stock valued at $416,828,000 after purchasing an additional 4,189,652 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of TotalEnergies in the 4th quarter worth approximately $156,044,000. Franklin Resources Inc. raised its stake in shares of TotalEnergies by 41.7% during the 4th quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company’s stock worth $309,851,000 after acquiring an additional 1,672,387 shares in the last quarter. Northern Trust Corp lifted its position in TotalEnergies by 41.7% during the fourth quarter. Northern Trust Corp now owns 1,783,017 shares of the company’s stock valued at $97,174,000 after acquiring an additional 524,314 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in TotalEnergies by 295.3% in the fourth quarter. BNP Paribas Financial Markets now owns 689,494 shares of the company’s stock valued at $37,577,000 after acquiring an additional 515,088 shares in the last quarter. Institutional investors own 16.53% of the company’s stock.

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.