TotalEnergies (NYSE:TTE) Coverage Initiated by Analysts at Mizuho

Equities research analysts at Mizuho assumed coverage on shares of TotalEnergies (NYSE:TTE) in a research report issued on Monday, MarketBeat Ratings reports. The firm set an “outperform” rating and a $103.00 price target on the stock. Mizuho’s target price would indicate a potential upside of 26.58% from the company’s current price.

TTE has been the topic of several other research reports. Wall Street Zen downgraded TotalEnergies from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Morgan Stanley reissued an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. Weiss Ratings raised TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Zacks Research cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Finally, TD Cowen reissued a “buy” rating on shares of TotalEnergies in a report on Monday, April 20th. Eleven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $87.00.

TotalEnergies Trading Down 0.0%

Shares of NYSE TTE opened at $81.37 on Monday. TotalEnergies has a 1-year low of $57.39 and a 1-year high of $94.17. The company has a 50-day moving average of $84.71 and a two-hundred day moving average of $81.59. The company has a market cap of $195.11 billion, a PE ratio of 12.06, a P/E/G ratio of 2.90 and a beta of 0.14. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.22 by $0.23. The business had revenue of $49.52 billion for the quarter, compared to analysts’ expectations of $44.58 billion. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. As a group, equities analysts expect that TotalEnergies will post 10.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TotalEnergies

A number of institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC lifted its stake in TotalEnergies by 151.0% in the first quarter. AQR Capital Management LLC now owns 67,461 shares of the company’s stock valued at $4,364,000 after buying an additional 40,586 shares during the period. Empowered Funds LLC grew its position in shares of TotalEnergies by 2.1% during the 1st quarter. Empowered Funds LLC now owns 40,988 shares of the company’s stock worth $2,652,000 after buying an additional 835 shares during the period. Sivia Capital Partners LLC increased its stake in shares of TotalEnergies by 17.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,136 shares of the company’s stock valued at $315,000 after acquiring an additional 774 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of TotalEnergies by 14.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 24,274 shares of the company’s stock valued at $1,490,000 after acquiring an additional 3,151 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of TotalEnergies by 7.3% in the 2nd quarter. Invesco Ltd. now owns 198,215 shares of the company’s stock valued at $12,168,000 after acquiring an additional 13,536 shares during the period. 16.53% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Company Profile

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.