Shares of TotalEnergies SE (NYSE:TTE – Get Free Report) 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 %
TotalEnergies (NYSE:TTE – Get Free Report) 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.
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