TotalEnergies (NYSE:TTE) Upgraded at Freedom Broker

Freedom Broker upgraded shares of TotalEnergies (NYSE:TTE) from a sell rating to a hold rating in a report published on Tuesday, Marketbeat.com reports.

Several other equities research analysts have also recently commented on the company. Zacks Research raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 19th. Piper Sandler upped their target price on shares of TotalEnergies from $84.00 to $93.00 and gave the company a “neutral” rating in a research note on Thursday, September 3rd. Wall Street Zen upgraded shares of TotalEnergies from a “hold” rating to a “buy” rating in a research note on Monday, August 31st. JPMorgan Chase & Co. lowered shares of TotalEnergies from an “overweight” rating to a “neutral” rating in a research note on Wednesday, September 23rd. Finally, HSBC upgraded shares of TotalEnergies from a “hold” rating to a “buy” rating in a research note on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $96.00.

TotalEnergies Price Performance

Shares of NYSE TTE opened at $88.62 on Tuesday. The firm has a market cap of $212.48 billion, a P/E ratio of 8.85 and a beta of 0.14. TotalEnergies has a twelve month low of $61.05 and a twelve month high of $95.78. The company has a quick ratio of 0.89, a current ratio of 1.11 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average of $89.75 and a 200 day moving average of $85.56.

TotalEnergies (NYSE:TTE) last posted its earnings results on Friday, October 30th. The company reported $4.03 EPS for the quarter, topping analysts’ consensus estimates of $3.84 by $0.19. TotalEnergies had a return on equity of 19.08% and a net margin of 9.61%. The business had revenue of $61.86 billion during the quarter, compared to analyst estimates of $55.39 billion. As a group, research analysts expect that TotalEnergies will post 12.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Fifth Third Bancorp increased its stake in TotalEnergies by 20.9% in the 3rd quarter. Fifth Third Bancorp now owns 18,114 shares of the company’s stock valued at $1,549,000 after purchasing an additional 3,126 shares in the last quarter. Spectrum Planning & Advisory Services Inc. purchased a new position in TotalEnergies in the 3rd quarter valued at about $257,000. Bingham Private Wealth LLC lifted its stake in shares of TotalEnergies by 8.1% during the third quarter. Bingham Private Wealth LLC now owns 3,103 shares of the company’s stock valued at $265,000 after buying an additional 232 shares during the period. Ritholtz Wealth Management lifted its stake in shares of TotalEnergies by 4.8% during the 3rd quarter. Ritholtz Wealth Management now owns 45,437 shares of the company’s stock worth $3,885,000 after purchasing an additional 2,091 shares during the period. Finally, Walter Public Investments Inc. lifted its position in TotalEnergies by 262.2% during the third quarter. Walter Public Investments Inc. now owns 84,400 shares of the company’s stock worth $7,238,000 after buying an additional 61,100 shares during the period. 16.53% of the stock is owned by hedge funds and other institutional investors.

About TotalEnergies

TotalEnergies SE is a French multinational energy company that explores for, produces, processes and markets oil and natural gas. Established in 1924 as the Compagnie française des pétroles, the company adopted the TotalEnergies name in 2021 to reflect its broader focus on multiple forms of energy.

The company’s activities include liquefied natural gas, refining and petrochemicals, fuels, lubricants, and the operation of service stations. TotalEnergies also develops and sells electricity from renewable and other power-generation sources, including solar and wind projects, as well as energy-storage and electric-vehicle charging solutions.

TotalEnergies serves customers and operates projects across numerous regions, including Europe, Africa, the Middle East, the Americas and the Asia-Pacific region.