TotalEnergies SE Sponsored ADR (NYSE:TTE) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) have received an average recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $64.95.

Several equities research analysts recently issued reports on TTE shares. Berenberg Bank cut TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 price target for the company. in a research note on Thursday, September 25th. Scotiabank boosted their price target on TotalEnergies from $65.00 to $67.00 and gave the company a “sector perform” rating in a research note on Thursday, October 9th. BNP Paribas Exane reiterated a “neutral” rating on shares of TotalEnergies in a research note on Tuesday, September 23rd. Royal Bank Of Canada reiterated an “outperform” rating on shares of TotalEnergies in a research note on Tuesday, September 30th. Finally, Sanford C. Bernstein upgraded TotalEnergies from a “market perform” rating to an “outperform” rating in a research note on Monday, June 16th.

Institutional Investors Weigh In On TotalEnergies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Clear Creek Financial Management LLC grew its holdings in shares of TotalEnergies by 2.8% during the second quarter. Clear Creek Financial Management LLC now owns 6,184 shares of the company’s stock valued at $380,000 after buying an additional 169 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of TotalEnergies by 4.3% during the second quarter. UMB Bank n.a. now owns 4,107 shares of the company’s stock valued at $252,000 after buying an additional 171 shares during the last quarter. Signature Estate & Investment Advisors LLC grew its holdings in shares of TotalEnergies by 2.2% during the second quarter. Signature Estate & Investment Advisors LLC now owns 8,020 shares of the company’s stock valued at $492,000 after buying an additional 173 shares during the last quarter. Cyndeo Wealth Partners LLC grew its holdings in shares of TotalEnergies by 0.5% during the second quarter. Cyndeo Wealth Partners LLC now owns 35,125 shares of the company’s stock valued at $2,156,000 after buying an additional 174 shares during the last quarter. Finally, SkyView Investment Advisors LLC grew its holdings in shares of TotalEnergies by 2.2% during the second quarter. SkyView Investment Advisors LLC now owns 8,054 shares of the company’s stock valued at $495,000 after buying an additional 175 shares during the last quarter. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Trading Up 0.3%

Shares of TTE stock opened at $57.58 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40. The stock has a market cap of $138.06 billion, a P/E ratio of 10.45, a price-to-earnings-growth ratio of 1.35 and a beta of 0.53. The stock has a 50 day simple moving average of $61.29 and a 200 day simple moving average of $60.40. TotalEnergies has a 1 year low of $52.78 and a 1 year high of $68.46.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Thursday, July 24th. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.05). The company had revenue of $44.68 billion during the quarter, compared to the consensus estimate of $42.44 billion. TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. On average, research analysts predict 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.