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

Shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) have been assigned an average rating of “Moderate Buy” from the fourteen research firms that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $66.95.

A number of equities research analysts have commented on the company. Morgan Stanley raised TotalEnergies from an “equal weight” rating to an “overweight” rating and set a $60.80 price objective for the company in a research note on Monday, May 12th. HSBC restated a “buy” rating on shares of TotalEnergies in a report on Tuesday, May 13th. Piper Sandler raised their target price on TotalEnergies from $66.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, August 18th. Sanford C. Bernstein upgraded TotalEnergies from a “market perform” rating to an “outperform” rating in a report on Monday, June 16th. Finally, Dbs Bank upgraded TotalEnergies from a “hold” rating to a “buy” rating in a report on Wednesday, May 7th.

TotalEnergies Trading Up 1.0%

Shares of TotalEnergies stock opened at $64.0850 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00. TotalEnergies has a 52 week low of $52.78 and a 52 week high of $70.50. The stock has a 50 day moving average price of $61.69 and a two-hundred day moving average price of $60.57. The stock has a market capitalization of $153.66 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of 1.10 and a beta of 0.59.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Thursday, July 24th. The company reported $1.57 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.05). TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. The firm had revenue of $44.68 billion during the quarter, compared to analyst estimates of $42.44 billion. As a group, equities analysts anticipate that TotalEnergies will post 8.02 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, July 11th. Stockholders of record on Thursday, June 19th were issued a $0.7108 dividend. This represents a dividend yield of 454.0%. The ex-dividend date was Wednesday, June 18th. TotalEnergies’s dividend payout ratio (DPR) is currently 53.72%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. NewSquare Capital LLC lifted its holdings in TotalEnergies by 141.5% during the second quarter. NewSquare Capital LLC now owns 495 shares of the company’s stock worth $30,000 after acquiring an additional 290 shares during the period. Financial Management Professionals Inc. lifted its holdings in TotalEnergies by 65.8% during the first quarter. Financial Management Professionals Inc. now owns 484 shares of the company’s stock worth $31,000 after acquiring an additional 192 shares during the period. Bernard Wealth Management Corp. bought a new stake in TotalEnergies during the fourth quarter worth $32,000. Inlight Wealth Management LLC bought a new stake in TotalEnergies during the first quarter worth $32,000. Finally, Costello Asset Management INC bought a new stake in TotalEnergies during the first quarter worth $32,000. 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.