TotalEnergies SE (NYSE:TTE) Given Consensus Rating of “Hold” by Analysts

Shares of TotalEnergies SE (NYSE:TTE) have received an average rating of “Hold” from the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $58.50.

TTE has been the topic of several recent analyst reports. Citigroup assumed coverage on TotalEnergies in a research note on Wednesday, August 30th. They issued a “neutral” rating on the stock. Piper Sandler decreased their target price on TotalEnergies from $68.00 to $64.00 in a research note on Tuesday, June 13th. Royal Bank of Canada decreased their target price on TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 20th. Finally, TD Cowen decreased their target price on TotalEnergies from $59.00 to $58.00 and set a “market perform” rating on the stock in a research note on Thursday, August 17th.

TotalEnergies Stock Down 1.6 %

Shares of NYSE:TTE opened at $65.29 on Monday. TotalEnergies has a 52-week low of $44.61 and a 52-week high of $66.66. The business has a fifty day moving average of $61.46 and a two-hundred day moving average of $60.53. The stock has a market cap of $160.26 billion, a P/E ratio of 8.51, a PEG ratio of 0.76 and a beta of 0.79. The company has a quick ratio of 0.96, a current ratio of 1.17 and a debt-to-equity ratio of 0.35.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Thursday, July 27th. The company reported $1.99 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.22). TotalEnergies had a net margin of 7.76% and a return on equity of 24.61%. The business had revenue of $56.27 billion during the quarter, compared to analyst estimates of $42.61 billion. On average, research analysts expect that TotalEnergies will post 9.36 earnings per share for the current year.

Hedge Funds Weigh In On TotalEnergies

A number of institutional investors have recently made changes to their positions in TTE. Envestnet Asset Management Inc. increased its stake in TotalEnergies by 254.3% in the first quarter. Envestnet Asset Management Inc. now owns 7,613,458 shares of the company’s stock valued at $126,721,000 after purchasing an additional 5,464,865 shares during the last quarter. GQG Partners LLC increased its stake in TotalEnergies by 44,324.8% in the first quarter. GQG Partners LLC now owns 3,038,209 shares of the company’s stock valued at $179,406,000 after purchasing an additional 3,031,370 shares during the last quarter. Federated Hermes Inc. increased its stake in TotalEnergies by 182.3% in the first quarter. Federated Hermes Inc. now owns 4,466,359 shares of the company’s stock valued at $263,738,000 after purchasing an additional 2,884,260 shares during the last quarter. FMR LLC increased its stake in TotalEnergies by 19.2% in the first quarter. FMR LLC now owns 12,305,668 shares of the company’s stock valued at $726,650,000 after purchasing an additional 1,981,344 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in TotalEnergies by 40.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 6,350,544 shares of the company’s stock worth $320,956,000 after acquiring an additional 1,823,670 shares during the last quarter. 6.53% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Company Profile

TotalEnergies SE, a multi-energy company, produces and markets fuels, natural gas, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through Integrated Gas, Renewables & Power; Exploration & Production; Refining & Chemicals; and Marketing & Services segments.