Analysts Set TotalEnergies SE (NYSE:TTE) Target Price at $69.36

Shares of TotalEnergies SE (NYSE:TTE) have earned an average recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $69.36.

TTE has been the topic of several research reports. Dbs Bank raised TotalEnergies from a “hold” rating to a “buy” rating in a report on Wednesday, May 7th. Citigroup raised TotalEnergies from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 26th. Piper Sandler upped their target price on TotalEnergies from $62.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, May 13th. Morgan Stanley raised TotalEnergies from an “equal weight” rating to an “overweight” rating and set a $60.80 price target on the stock in a research note on Monday, May 12th. Finally, HSBC restated a “buy” rating on shares of TotalEnergies in a report on Tuesday, May 13th.

Institutional Investors Weigh In On TotalEnergies

Institutional investors have recently bought and sold shares of the business. Barclays PLC lifted its position in shares of TotalEnergies by 266.5% in the third quarter. Barclays PLC now owns 674,154 shares of the company’s stock worth $43,564,000 after purchasing an additional 490,187 shares in the last quarter. Park Avenue Securities LLC lifted its position in TotalEnergies by 22.5% in the 4th quarter. Park Avenue Securities LLC now owns 33,230 shares of the company’s stock worth $1,811,000 after buying an additional 6,114 shares in the last quarter. Cohen Investment Advisors LLC boosted its stake in shares of TotalEnergies by 3.9% during the 4th quarter. Cohen Investment Advisors LLC now owns 7,185 shares of the company’s stock valued at $392,000 after buying an additional 269 shares during the period. Empirical Asset Management LLC acquired a new stake in shares of TotalEnergies during the 4th quarter valued at $3,740,000. Finally, Wedge Capital Management L L P NC grew its holdings in shares of TotalEnergies by 9.8% during the 4th quarter. Wedge Capital Management L L P NC now owns 351,000 shares of the company’s stock valued at $19,130,000 after acquiring an additional 31,194 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Price Performance

Shares of NYSE TTE opened at $57.90 on Friday. TotalEnergies has a twelve month low of $52.78 and a twelve month high of $73.12. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average of $59.32 and a two-hundred day moving average of $58.88. The company has a market capitalization of $138.82 billion, a price-to-earnings ratio of 8.69, a PEG ratio of 0.98 and a beta of 0.58.

TotalEnergies (NYSE:TTE) last released its earnings results on Wednesday, April 30th. The company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.05). The business had revenue of $47.90 billion for the quarter, compared to analyst estimates of $41.23 billion. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. During the same period in the prior year, the company earned $2.14 earnings per share. As a group, analysts expect that TotalEnergies will post 8.02 earnings per share for the current fiscal year.

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.