TotalEnergies SE (NYSE:TTE) Given Consensus Recommendation of “Moderate Buy” by Brokerages

TotalEnergies SE (NYSE:TTE) has been assigned an average recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $69.36.

Several equities research analysts have recently issued reports on TTE shares. HSBC restated a “buy” rating on shares of TotalEnergies in a research note on Tuesday, May 13th. BNP Paribas raised shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 15th. Scotiabank lowered their price objective on shares of TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating on the stock in a research report on Friday, April 11th. Piper Sandler raised 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. Finally, Morgan Stanley upgraded shares of TotalEnergies from an “equal weight” rating to an “overweight” rating and set a $60.80 target price on the stock in a research report on Monday, May 12th.

TotalEnergies Stock Performance

NYSE TTE opened at $60.85 on Wednesday. The company has a market capitalization of $145.91 billion, a price-to-earnings ratio of 9.14, a PEG ratio of 0.98 and a beta of 0.56. TotalEnergies has a twelve month low of $52.78 and a twelve month high of $71.03. The stock has a fifty day simple moving average of $58.17 and a 200 day simple moving average of $58.74. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36.

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

Institutional Investors Weigh In On TotalEnergies

Large investors have recently modified their holdings of the business. Bank of America Corp DE grew its position in TotalEnergies by 121.1% during the 4th quarter. Bank of America Corp DE now owns 7,648,225 shares of the company’s stock worth $416,828,000 after purchasing an additional 4,189,652 shares during the last quarter. Franklin Resources Inc. boosted its holdings in TotalEnergies by 41.7% during the fourth 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. Price T Rowe Associates Inc. MD raised its position in TotalEnergies by 4.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,303,052 shares of the company’s stock worth $278,366,000 after acquiring an additional 169,435 shares during the period. Federated Hermes Inc. raised its position in TotalEnergies by 23.1% during the first quarter. Federated Hermes Inc. now owns 3,552,025 shares of the company’s stock worth $229,780,000 after acquiring an additional 665,620 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in TotalEnergies by 53.0% during the first quarter. Goldman Sachs Group Inc. now owns 3,232,525 shares of the company’s stock worth $209,112,000 after acquiring an additional 1,119,406 shares during the period. Institutional investors own 16.53% of the company’s stock.

About TotalEnergies

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.