TotalEnergies SE Sponsored ADR (NYSE:TTE) Receives Average Rating of “Moderate Buy” from Analysts

TotalEnergies SE Sponsored ADR (NYSE:TTE) has received a consensus rating of “Moderate Buy” from the fifteen research firms that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $69.96.

A number of research firms have recently weighed in on TTE. BNP Paribas raised TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 15th. Sanford C. Bernstein raised TotalEnergies from a “market perform” rating to an “outperform” rating in a research note on Monday, June 16th. Scotiabank cut their price target on TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating on the stock in a research note on Friday, April 11th. Citigroup raised TotalEnergies from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 26th. Finally, HSBC reissued a “buy” rating on shares of TotalEnergies in a research note on Tuesday, May 13th.

TotalEnergies Stock Down 0.6%

NYSE:TTE opened at $63.11 on Friday. The stock’s fifty day moving average price is $60.01 and its two-hundred day moving average price is $59.45. TotalEnergies has a 52-week low of $52.78 and a 52-week high of $70.64. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.86 and a current ratio of 1.07. The company has a market cap of $151.32 billion, a price-to-earnings ratio of 10.62, a P/E/G ratio of 1.25 and a beta of 0.57.

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). The company had revenue of $47.90 billion during the quarter, compared to analyst estimates of $41.23 billion. TotalEnergies had a net margin of 6.60% and a return on equity of 14.47%. During the same period last year, the company earned $2.14 EPS. On average, analysts anticipate that TotalEnergies will post 8.02 EPS for the current year.

TotalEnergies Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, July 11th. Investors of record on Thursday, June 19th will be paid a dividend of $0.7108 per share. This represents a yield of 4.54%. The ex-dividend date is Wednesday, June 18th. TotalEnergies’s payout ratio is presently 47.81%.

Hedge Funds Weigh In On TotalEnergies

A number of large investors have recently added to or reduced their stakes in TTE. Oppenheimer & Co. Inc. increased its holdings in TotalEnergies by 7.0% during the 4th quarter. Oppenheimer & Co. Inc. now owns 4,958 shares of the company’s stock worth $270,000 after purchasing an additional 326 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in TotalEnergies by 31.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 16,395 shares of the company’s stock worth $894,000 after purchasing an additional 3,939 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in TotalEnergies by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 137,580 shares of the company’s stock worth $7,498,000 after purchasing an additional 942 shares in the last quarter. Assetmark Inc. increased its holdings in TotalEnergies by 12.5% during the 4th quarter. Assetmark Inc. now owns 170,801 shares of the company’s stock worth $9,309,000 after purchasing an additional 18,975 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in TotalEnergies during the 4th quarter worth about $156,044,000. Institutional investors own 16.53% of the company’s stock.

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.