TotalEnergies (NYSE:TTE) Upgraded at BNP Paribas

BNP Paribas upgraded shares of TotalEnergies (NYSE:TTE) from a neutral rating to an outperform rating in a report published on Tuesday, Marketbeat Ratings reports.

Several other brokerages also recently weighed in on TTE. Scotiabank decreased their target price on TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating for the company in a research report on Friday, April 11th. Piper Sandler lowered their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Citigroup raised shares of TotalEnergies from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 26th. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $69.42.

TotalEnergies Stock Up 1.0 %

Shares of NYSE:TTE opened at $58.39 on Tuesday. The stock has a 50-day simple moving average of $60.66 and a 200-day simple moving average of $60.15. The stock has a market capitalization of $140.00 billion, a P/E ratio of 8.77, a PEG ratio of 0.98 and a beta of 0.45. TotalEnergies has a 1 year low of $52.78 and a 1 year high of $74.97. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. Equities analysts forecast that TotalEnergies will post 8.02 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Apollon Wealth Management LLC lifted its position in shares of TotalEnergies by 4.1% during the fourth quarter. Apollon Wealth Management LLC now owns 4,448 shares of the company’s stock worth $242,000 after purchasing an additional 174 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in TotalEnergies by 9.1% in the fourth quarter. First Horizon Advisors Inc. now owns 2,217 shares of the company’s stock valued at $121,000 after buying an additional 184 shares during the last quarter. FSM Wealth Advisors LLC raised its stake in TotalEnergies by 3.4% during the fourth quarter. FSM Wealth Advisors LLC now owns 5,635 shares of the company’s stock valued at $333,000 after buying an additional 187 shares in the last quarter. J2 Capital Management Inc lifted its holdings in TotalEnergies by 3.3% during the 1st quarter. J2 Capital Management Inc now owns 5,954 shares of the company’s stock worth $385,000 after buying an additional 191 shares during the last quarter. Finally, Financial Management Professionals Inc. grew its position in shares of TotalEnergies by 65.8% in the 1st quarter. Financial Management Professionals Inc. now owns 484 shares of the company’s stock worth $31,000 after acquiring an additional 192 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Company Profile

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.