TotalEnergies (NYSE:TTE) Sets New 52-Week High – Still a Buy?

TotalEnergies SE Sponsored ADR (NYSE:TTE) shares hit a new 52-week high on Monday . The stock traded as high as $94.17 and last traded at $93.8940, with a volume of 493065 shares changing hands. The stock had previously closed at $92.28.

Analysts Set New Price Targets

Several brokerages have issued reports on TTE. Zacks Research raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 30th. Weiss Ratings raised TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. TD Cowen reaffirmed a “buy” rating on shares of TotalEnergies in a research note on Monday, April 20th. Wall Street Zen raised TotalEnergies from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Kepler Capital Markets raised TotalEnergies from a “reduce” rating to a “hold” rating in a research note on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $84.33.

TotalEnergies Stock Down 0.3%

The stock’s fifty day moving average is $89.27 and its 200 day moving average is $75.86. The company has a market capitalization of $221.97 billion, a P/E ratio of 13.72, a price-to-earnings-growth ratio of 3.32 and a beta of 0.14. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. The company had revenue of $49.52 billion during the quarter, compared to analyst estimates of $44.58 billion. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%. Research analysts predict that TotalEnergies SE Sponsored ADR will post 10.59 EPS for the current fiscal year.

Institutional Investors Weigh In On TotalEnergies

Several large investors have recently bought and sold shares of the business. YANKCOM Partnership lifted its holdings in TotalEnergies by 146.8% in the 4th quarter. YANKCOM Partnership now owns 390 shares of the company’s stock worth $25,000 after purchasing an additional 232 shares in the last quarter. Grey Fox Wealth Advisors LLC bought a new position in shares of TotalEnergies during the 3rd quarter valued at approximately $29,000. MH & Associates Securities Management Corp ADV bought a new position in shares of TotalEnergies during the 4th quarter valued at approximately $29,000. Lodestone Wealth Management LLC bought a new position in shares of TotalEnergies during the 4th quarter valued at approximately $32,000. Finally, Elyxium Wealth LLC bought a new position in shares of TotalEnergies during the 4th quarter valued at approximately $33,000. 16.53% of the stock is currently owned by institutional investors.

About TotalEnergies

TotalEnergies SE (NYSE: TTE) is a French multinational integrated energy company engaged across the full energy value chain. Founded in 1924 as Compagnie Française des Pétroles, the company grew through a series of mergers and expansions—most notably with Petrofina and Elf Aquitaine around the turn of the millennium—and rebranded to TotalEnergies in 2021 to reflect a broader focus on multiple energy sources. It is organized to operate across upstream and downstream activities while pursuing a transition toward lower-carbon energy solutions.

In upstream, TotalEnergies explores for and produces crude oil and natural gas globally.