Brokerages Set TotalEnergies SE Sponsored ADR (NYSE:TTE) PT at $84.33

Shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) have received an average recommendation of “Moderate Buy” from the eighteen research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $84.3333.

Several equities analysts have weighed in on TTE shares. Zacks Research downgraded TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Piper Sandler boosted their price objective on TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Wall Street Zen raised TotalEnergies from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. CICC Research initiated coverage on TotalEnergies in a research report on Tuesday, June 23rd. They set an “outperform” rating for the company. Finally, BNP Paribas Exane raised TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th.

TotalEnergies Stock Performance

NYSE TTE opened at $76.76 on Monday. The company has a market cap of $184.05 billion, a P/E ratio of 11.37, a P/E/G ratio of 2.60 and a beta of 0.12. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.85. The stock has a 50-day moving average of $88.15 and a two-hundred day moving average of $80.22. TotalEnergies has a 1-year low of $57.39 and a 1-year high of $94.17.

TotalEnergies (NYSE:TTE) last released its earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.23. The company had revenue of $49.52 billion during the quarter, compared to the consensus estimate of $44.58 billion. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%. As a group, analysts anticipate that TotalEnergies will post 11.09 EPS for the current year.

Hedge Funds Weigh In On TotalEnergies

Institutional investors and hedge funds have recently made changes to their positions in the stock. YANKCOM Partnership grew its position in shares of TotalEnergies by 146.8% during the fourth quarter. YANKCOM Partnership now owns 390 shares of the company’s stock worth $25,000 after buying an additional 232 shares in the last quarter. Robinswood Financial LLC acquired a new position in shares of TotalEnergies during the first quarter worth about $27,000. MH & Associates Securities Management Corp ADV acquired a new position in shares of TotalEnergies during the fourth quarter worth about $29,000. Lodestone Wealth Management LLC purchased a new stake in TotalEnergies during the fourth quarter worth approximately $32,000. Finally, Elyxium Wealth LLC purchased a new stake in TotalEnergies during the fourth quarter worth approximately $33,000. 16.53% of the stock is owned by institutional investors and hedge funds.

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.