TotalEnergies SE (NYSE:TTE) Receives $69.36 Average PT from Analysts

TotalEnergies SE (NYSE:TTE) has earned an average rating of “Moderate Buy” from the fourteen research firms that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $69.36.

A number of equities analysts recently commented on TTE shares. Scotiabank reduced their price target on TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating for the company in a report on Friday, April 11th. Morgan Stanley upgraded TotalEnergies from an “equal weight” rating to an “overweight” rating and set a $60.80 price target for the company in a research note on Monday, May 12th. Dbs Bank upgraded TotalEnergies from a “hold” rating to a “buy” rating in a research note on Wednesday, May 7th. BNP Paribas upgraded shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 15th. Finally, Piper Sandler boosted their price objective on shares of TotalEnergies from $62.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, May 13th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Clear Creek Financial Management LLC purchased a new stake in TotalEnergies during the fourth quarter valued at approximately $345,000. Franklin Resources Inc. grew its stake in shares of TotalEnergies by 41.7% in the 4th quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company’s stock worth $309,851,000 after buying an additional 1,672,387 shares in the last quarter. Barclays PLC lifted its holdings in shares of TotalEnergies by 266.5% in the 3rd quarter. Barclays PLC now owns 674,154 shares of the company’s stock worth $43,564,000 after acquiring an additional 490,187 shares during the last quarter. Merit Financial Group LLC bought a new stake in shares of TotalEnergies in the 4th quarter worth about $412,000. Finally, Orca Wealth Management LLC bought a new stake in TotalEnergies during the 4th quarter valued at about $1,210,000. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Stock Down 0.5%

Shares of TTE opened at $59.36 on Friday. The company has a market capitalization of $142.33 billion, a P/E ratio of 8.91, a PEG ratio of 0.98 and a beta of 0.58. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. The business’s 50 day simple moving average is $59.65 and its 200-day simple moving average is $58.95. TotalEnergies has a one year low of $52.78 and a one year high of $73.12.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.05). TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. The company had revenue of $47.90 billion during the quarter, compared to analyst estimates of $41.23 billion. During the same period last year, the company earned $2.14 EPS. As a group, sell-side analysts predict that TotalEnergies will post 8.02 EPS for the current fiscal year.

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.