TotalEnergies SE Sponsored ADR (NYSE:TTE) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) have been given a consensus recommendation of “Moderate Buy” by the eighteen brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $84.3333.

Several analysts have recently weighed in on TTE shares. Morgan Stanley reissued an “overweight” rating on shares of TotalEnergies in a report on Tuesday, May 12th. Scotiabank raised their price target on TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. TD Cowen reaffirmed a “buy” rating on shares of TotalEnergies in a research report on Monday, April 20th. CICC Research assumed coverage on TotalEnergies in a research note on Tuesday, June 23rd. They issued an “outperform” rating for the company. Finally, Weiss Ratings raised TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, May 1st.

Institutional Trading of TotalEnergies

A number of large investors have recently bought and sold shares of the business. Amundi purchased a new position in TotalEnergies during the 1st quarter worth $18,868,822,000. Vanguard Group Inc. purchased a new position in shares of TotalEnergies during the fourth quarter worth about $5,337,330,000. Capital International Investors grew its holdings in shares of TotalEnergies by 1,438.5% during the fourth quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock worth $3,435,988,000 after buying an additional 49,245,192 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in TotalEnergies by 21,398.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 40,380,511 shares of the company’s stock valued at $2,641,693,000 after acquiring an additional 40,192,677 shares during the period. Finally, Caisse Des Depots ET Consignations acquired a new position in TotalEnergies in the 4th quarter valued at about $1,982,676,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Price Performance

Shares of NYSE:TTE opened at $78.83 on Friday. The company’s fifty day moving average price is $84.85 and its 200 day moving average price is $81.48. TotalEnergies has a 12 month low of $57.39 and a 12 month high of $94.17. 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 firm has a market capitalization of $189.00 billion, a P/E ratio of 11.68, a P/E/G ratio of 2.85 and a beta of 0.14.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) 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 net margin of 7.43% and a return on equity of 14.01%. As a group, sell-side analysts predict that TotalEnergies will post 10.58 earnings per share for the current fiscal year.

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.