TotalEnergies (NYSE:TTE) Stock Price Expected to Rise, Piper Sandler Analyst Says

TotalEnergies (NYSE:TTE) had its price objective lifted by Piper Sandler from $69.00 to $70.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Piper Sandler’s price target indicates a potential upside of 9.35% from the stock’s previous close.

Several other equities research analysts have also issued reports on the company. Loop Capital set a $73.00 price target on TotalEnergies in a research report on Monday, November 3rd. Dbs Bank lowered shares of TotalEnergies from a “moderate buy” rating to a “hold” rating in a research note on Thursday, November 6th. Berenberg Bank cut shares of TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 target price on the stock. in a report on Thursday, September 25th. Scotiabank raised their price target on shares of TotalEnergies from $65.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 9th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of TotalEnergies in a report on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $66.96.

TotalEnergies Stock Up 1.7%

NYSE:TTE opened at $64.01 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. The company has a market capitalization of $153.49 billion, a price-to-earnings ratio of 11.62, a price-to-earnings-growth ratio of 1.50 and a beta of 0.50. TotalEnergies has a one year low of $52.78 and a one year high of $65.76. The stock has a 50-day simple moving average of $61.14 and a 200 day simple moving average of $60.90.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($0.04). The firm had revenue of $43.84 billion for the quarter, compared to analyst estimates of $43.66 billion. TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. Sell-side analysts predict that TotalEnergies will post 8.02 EPS for the current fiscal year.

Hedge Funds Weigh In On TotalEnergies

Institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its stake in TotalEnergies by 53.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,232,525 shares of the company’s stock valued at $209,112,000 after purchasing an additional 1,119,406 shares during the period. Alyeska Investment Group L.P. raised its holdings in shares of TotalEnergies by 287.2% during the first quarter. Alyeska Investment Group L.P. now owns 1,247,765 shares of the company’s stock valued at $80,718,000 after buying an additional 925,541 shares during the last quarter. Bank of America Corp DE boosted its position in shares of TotalEnergies by 10.0% during the second quarter. Bank of America Corp DE now owns 9,802,968 shares of the company’s stock worth $601,804,000 after buying an additional 888,574 shares during the period. Federated Hermes Inc. grew its holdings in TotalEnergies by 23.1% in the 1st quarter. Federated Hermes Inc. now owns 3,552,025 shares of the company’s stock worth $229,780,000 after buying an additional 665,620 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in TotalEnergies by 24.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,803,259 shares of the company’s stock valued at $167,327,000 after acquiring an additional 552,414 shares during the period. 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.