Piper Sandler Issues Pessimistic Forecast for TotalEnergies (NYSE:TTE) Stock Price

TotalEnergies (NYSE:TTE) had its price objective reduced by analysts at Piper Sandler from $68.00 to $66.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler’s target price would suggest a potential upside of 6.95% from the stock’s previous close.

Several other analysts also recently issued reports on TTE. Morgan Stanley raised shares of TotalEnergies from an “equal weight” rating to an “overweight” rating and set a $60.80 price target for the company in a research report on Monday, May 12th. BNP Paribas raised shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Tuesday, April 15th. HSBC reissued a “buy” rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Scotiabank set a $65.00 price target on shares of TotalEnergies and gave the company a “sector perform” rating in a research report on Friday, July 11th. Finally, Dbs Bank raised shares of TotalEnergies from a “hold” rating to a “buy” rating in a report on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.45.

TotalEnergies Trading Down 0.0%

NYSE TTE opened at $61.71 on Friday. The stock has a market capitalization of $147.96 billion, a price-to-earnings ratio of 10.39, a PEG ratio of 1.24 and a beta of 0.57. The stock’s 50 day moving average price is $60.83 and its two-hundred day moving average price is $59.99. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.86 and a current ratio of 1.07. TotalEnergies has a 52 week low of $52.78 and a 52 week high of $70.50.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.05). TotalEnergies had a net margin of 6.60% and a return on equity of 14.47%. The company had revenue of $47.90 billion during the quarter, compared to the consensus estimate of $41.23 billion. During the same period in the previous year, the company earned $2.14 earnings per share. As a group, analysts anticipate that TotalEnergies will post 8.02 earnings per share for the current fiscal year.

Institutional Trading of TotalEnergies

Institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. raised its holdings in TotalEnergies by 4.3% in the second quarter. UMB Bank n.a. now owns 4,107 shares of the company’s stock worth $252,000 after purchasing an additional 171 shares in the last quarter. Mayflower Financial Advisors LLC raised its holdings in TotalEnergies by 1.2% in the first quarter. Mayflower Financial Advisors LLC now owns 14,646 shares of the company’s stock worth $947,000 after purchasing an additional 176 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its holdings in TotalEnergies by 1.9% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 9,814 shares of the company’s stock worth $635,000 after purchasing an additional 185 shares in the last quarter. J2 Capital Management Inc raised its holdings in TotalEnergies by 3.3% in the first quarter. J2 Capital Management Inc now owns 5,954 shares of the company’s stock worth $385,000 after purchasing an additional 191 shares in the last quarter. Finally, Financial Management Professionals Inc. raised its holdings in TotalEnergies by 65.8% in the first quarter. Financial Management Professionals Inc. now owns 484 shares of the company’s stock worth $31,000 after purchasing an additional 192 shares in the last quarter. Hedge funds and other 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.