TotalEnergies (NYSE:TTE) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of TotalEnergies (NYSE:TTE) from a buy rating to a hold rating in a research note issued to investors on Sunday.

Several other equities research analysts have also recently weighed in on TTE. Weiss Ratings upgraded shares of TotalEnergies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Piper Sandler restated a “neutral” rating and issued a $85.00 target price on shares of TotalEnergies in a report on Thursday, July 23rd. CICC Research assumed coverage on shares of TotalEnergies in a research report on Tuesday, June 23rd. They set an “outperform” rating on the stock. Morgan Stanley reiterated an “overweight” rating on shares of TotalEnergies in a report on Tuesday, May 12th. Finally, Zacks Research lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Eleven analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.14.

TotalEnergies Stock Performance

NYSE:TTE opened at $89.99 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.85 and a current ratio of 1.06. TotalEnergies has a fifty-two week low of $57.39 and a fifty-two week high of $94.17. The company has a 50 day simple moving average of $83.06 and a two-hundred day simple moving average of $85.04. The company has a market capitalization of $215.77 billion, a PE ratio of 11.26, a P/E/G ratio of 3.17 and a beta of 0.13.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Tuesday, June 30th. The company reported $2.68 earnings per share (EPS) for the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. The firm had revenue of $57.10 billion for the quarter. Research analysts anticipate that TotalEnergies will post 10.65 earnings per share for the current year.

Institutional Trading of TotalEnergies

Several hedge funds have recently modified their holdings of TTE. Robinswood Financial LLC bought a new position in TotalEnergies during the first quarter worth $27,000. Pin Oak Investment Advisors Inc. bought a new stake in TotalEnergies in the second quarter valued at $30,000. Elyxium Wealth LLC bought a new stake in TotalEnergies in the fourth quarter valued at $33,000. SHP Wealth Management acquired a new position in shares of TotalEnergies during the fourth quarter valued at about $37,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of TotalEnergies during the fourth quarter valued at about $38,000. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Company Profile

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.