TotalEnergies SE Sponsored ADR (NYSE:TTE) Receives $69.36 Average Target Price from Brokerages

TotalEnergies SE Sponsored ADR (NYSE:TTE) has been assigned a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $69.36.

A number of equities analysts recently weighed in on TTE shares. Morgan Stanley upgraded shares of TotalEnergies from an “equal weight” rating to an “overweight” rating and set a $60.80 target price for the company in a research report on Monday, May 12th. Scotiabank dropped their price objective on shares of TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating for the company in a report on Friday, April 11th. HSBC restated a “buy” rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Dbs Bank upgraded TotalEnergies from a “hold” rating to a “buy” rating in a research report on Wednesday, May 7th. Finally, Piper Sandler increased their price target on TotalEnergies from $62.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, May 13th.

TotalEnergies Stock Performance

NYSE TTE opened at $63.86 on Wednesday. The business has a 50-day moving average price of $58.93 and a 200-day moving average price of $58.93. The firm has a market cap of $153.11 billion, a price-to-earnings ratio of 10.75, a price-to-earnings-growth ratio of 1.30 and a beta of 0.56. TotalEnergies has a twelve month low of $52.78 and a twelve month high of $71.03. The company has a quick ratio of 0.86, a current ratio of 1.07 and a debt-to-equity ratio of 0.38.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.05). TotalEnergies had a return on equity of 14.47% and a net margin of 6.60%. The business had revenue of $47.90 billion during the quarter, compared to the consensus estimate of $41.23 billion. During the same quarter in the previous year, the company earned $2.14 earnings per share. As a group, equities research analysts predict that TotalEnergies will post 8.02 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, July 11th. Shareholders of record on Thursday, June 19th will be given a dividend of $0.7108 per share. This represents a yield of 4.54%. The ex-dividend date of this dividend is Wednesday, June 18th. TotalEnergies’s dividend payout ratio (DPR) is 42.42%.

Institutional Investors Weigh In On TotalEnergies

Several institutional investors have recently made changes to their positions in the company. Strs Ohio purchased a new stake in TotalEnergies in the first quarter worth $18,501,000. Geneos Wealth Management Inc. grew its holdings in shares of TotalEnergies by 19.9% in the first quarter. Geneos Wealth Management Inc. now owns 6,713 shares of the company’s stock worth $434,000 after purchasing an additional 1,112 shares during the last quarter. Focus Partners Wealth increased its stake in TotalEnergies by 15.3% in the 1st quarter. Focus Partners Wealth now owns 33,484 shares of the company’s stock worth $2,167,000 after buying an additional 4,449 shares during the period. Ransom Advisory Ltd bought a new stake in TotalEnergies during the 1st quarter valued at about $63,000. Finally, SCS Capital Management LLC bought a new stake in TotalEnergies during the 1st quarter valued at about $257,000. 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.