Brokerages Set TotalEnergies SE (NYSE:TTE) Price Target at $72.42

Shares of TotalEnergies SE (NYSE:TTE) have earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $72.42.

A number of equities analysts have issued reports on TTE shares. BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Piper Sandler cut their price objective 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. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $64.10 target price (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th.

TotalEnergies Price Performance

TTE opened at $61.36 on Monday. The company has a fifty day simple moving average of $58.99 and a 200 day simple moving average of $61.59. The stock has a market cap of $147.11 billion, a P/E ratio of 9.21, a P/E/G ratio of 0.98 and a beta of 0.56. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. TotalEnergies has a 12 month low of $53.29 and a 12 month high of $74.97.

TotalEnergies (NYSE:TTE) last released its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. On average, research analysts expect that TotalEnergies will post 8.02 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Clear Creek Financial Management LLC bought a new position in TotalEnergies in the fourth quarter valued at approximately $345,000. CWA Asset Management Group LLC bought a new position in TotalEnergies in the third quarter valued at approximately $823,000. Crossmark Global Holdings Inc. increased its stake in TotalEnergies by 48.3% in the third quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company’s stock valued at $10,815,000 after acquiring an additional 54,478 shares during the last quarter. Logan Capital Management Inc. grew its stake in shares of TotalEnergies by 22.8% during the third quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock worth $4,637,000 after buying an additional 13,331 shares during the last quarter. Finally, FMR LLC grew its stake in shares of TotalEnergies by 2.7% during the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock worth $804,211,000 after buying an additional 324,033 shares during the last quarter. 16.53% of the stock is owned by institutional investors.

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.