TotalEnergies (NYSE:TTE) Raised to “Strong-Buy” at Zacks Research

TotalEnergies (NYSE:TTE) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday, Zacks reports.

A number of other research firms also recently issued reports on TTE. JPMorgan Chase & Co. downgraded shares of TotalEnergies from an “overweight” rating to a “neutral” rating in a research report on Wednesday, September 23rd. TD Cowen reduced their price objective on TotalEnergies from $108.00 to $105.00 and set a “buy” rating on the stock in a research note on Tuesday, October 13th. HSBC upgraded TotalEnergies from a “hold” rating to a “buy” rating in a report on Friday, September 25th. Wall Street Zen upgraded shares of TotalEnergies from a “hold” rating to a “buy” rating in a research note on Monday, August 31st. Finally, Morgan Stanley set a $90.00 price objective on shares of TotalEnergies and gave the stock an “equal weight” rating in a report on Thursday, September 3rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $92.71.

TotalEnergies Trading Up 0.1%

Shares of TTE opened at $90.06 on Monday. TotalEnergies has a fifty-two week low of $60.58 and a fifty-two week high of $94.17. The company has a market capitalization of $215.93 billion, a PE ratio of 11.27 and a beta of 0.18. The stock has a fifty day moving average of $88.92 and a two-hundred day moving average of $87.33. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.85 and a current ratio of 1.06.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $2.68 EPS for the quarter. The company had revenue of $57.10 billion during the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. As a group, analysts forecast that TotalEnergies will post 12.40 EPS for the current year.

Institutional Investors Weigh In On TotalEnergies

A number of hedge funds have recently added to or reduced their stakes in TTE. Cohen Investment Advisors LLC lifted its stake in TotalEnergies by 3.2% during the third quarter. Cohen Investment Advisors LLC now owns 7,199 shares of the company’s stock worth $619,000 after purchasing an additional 225 shares during the period. Integrated Advisors Network LLC bought a new stake in shares of TotalEnergies in the 3rd quarter worth about $305,000. Diversify Advisory Services LLC lifted its holdings in TotalEnergies by 5.7% during the 3rd quarter. Diversify Advisory Services LLC now owns 23,502 shares of the company’s stock valued at $2,080,000 after purchasing an additional 1,260 shares during the last quarter. 55 North Private Wealth LLC bought a new position in shares of TotalEnergies in the third quarter valued at approximately $206,000. Finally, Net Worth Advisory Group grew its position in TotalEnergies by 17.2% during the 3rd quarter. Net Worth Advisory Group now owns 5,348 shares of the company’s stock worth $452,000 after acquiring an additional 784 shares during the last quarter. 16.53% of the stock is currently owned by 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.