TotalEnergies (NYSE:TTE) Sets New 1-Year High – What’s Next?

TotalEnergies SE Sponsored ADR (NYSE:TTE) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $67.14 and last traded at $66.4150, with a volume of 1050649 shares trading hands. The stock had previously closed at $65.80.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. HSBC lowered TotalEnergies from a “buy” rating to a “hold” rating in a research note on Monday, December 1st. Piper Sandler increased their price target on TotalEnergies from $70.00 to $71.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Loop Capital set a $73.00 price target on TotalEnergies in a research report on Monday, November 3rd. BNP Paribas Exane reaffirmed a “neutral” rating on shares of TotalEnergies in a research note on Tuesday, September 23rd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of TotalEnergies in a report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, TotalEnergies has an average rating of “Hold” and an average price target of $67.16.

TotalEnergies Stock Up 1.1%

The company has a current ratio of 1.01, a quick ratio of 0.82 and a debt-to-equity ratio of 0.42. The firm’s fifty day moving average price is $64.91 and its 200-day moving average price is $62.63. The company has a market cap of $159.45 billion, a price-to-earnings ratio of 10.74, a price-to-earnings-growth ratio of 3.67 and a beta of 0.22.

TotalEnergies (NYSE:TTE) last posted its earnings results on Monday, November 3rd. The company reported $1.77 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($0.04). TotalEnergies had a return on equity of 13.54% and a net margin of 6.98%.The business had revenue of $87.69 billion for the quarter, compared to the consensus estimate of $43.66 billion. Sell-side analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current year.

Institutional Trading of TotalEnergies

A number of large investors have recently bought and sold shares of the business. Bank of America Corp DE lifted its stake in TotalEnergies by 10.0% in the second quarter. Bank of America Corp DE now owns 9,802,968 shares of the company’s stock valued at $601,804,000 after buying an additional 888,574 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of TotalEnergies by 0.9% during the second quarter. Franklin Resources Inc. now owns 5,884,442 shares of the company’s stock worth $361,246,000 after acquiring an additional 53,307 shares during the period. Federated Hermes Inc. lifted its position in TotalEnergies by 7.3% in the 3rd quarter. Federated Hermes Inc. now owns 3,842,244 shares of the company’s stock valued at $229,344,000 after acquiring an additional 260,117 shares in the last quarter. Capital International Investors boosted its stake in TotalEnergies by 0.8% in the 3rd quarter. Capital International Investors now owns 3,423,484 shares of the company’s stock worth $211,297,000 after purchasing an additional 27,614 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in TotalEnergies by 4.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,903,334 shares of the company’s stock worth $173,300,000 after purchasing an additional 133,659 shares in the last quarter. 16.53% of the stock is 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.