TotalEnergies SE Sponsored ADR (NYSE:TTE) Receives $77.54 Average Price Target from Brokerages

TotalEnergies SE Sponsored ADR (NYSE:TTE) has earned an average recommendation of “Hold” from the eighteen ratings firms that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $77.5429.

A number of brokerages have recently issued reports on TTE. Scotiabank upgraded shares of TotalEnergies to a “hold” rating in a report on Friday, March 27th. Kepler Capital Markets downgraded shares of TotalEnergies from a “hold” rating to a “reduce” rating in a report on Tuesday, January 27th. Morgan Stanley reiterated an “overweight” rating on shares of TotalEnergies in a report on Tuesday, January 6th. Citigroup reiterated a “buy” rating on shares of TotalEnergies in a report on Thursday, February 12th. Finally, JPMorgan Chase & Co. upgraded shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a report on Monday, March 2nd.

TotalEnergies Stock Performance

Shares of TTE opened at $92.66 on Wednesday. The company has a 50-day simple moving average of $82.44 and a 200-day simple moving average of $70.47. The company has a quick ratio of 0.79, a current ratio of 0.97 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $222.17 billion, a PE ratio of 16.00, a P/E/G ratio of 3.84 and a beta of 0.13. TotalEnergies has a 52-week low of $54.94 and a 52-week high of $93.29.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.01. The business had revenue of $45.93 billion during the quarter, compared to the consensus estimate of $36.69 billion. TotalEnergies had a net margin of 6.52% and a return on equity of 13.14%. Equities research analysts predict that TotalEnergies will post 8.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TotalEnergies

Hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its holdings in TotalEnergies by 42.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 476,369 shares of the company’s stock valued at $28,801,000 after acquiring an additional 142,829 shares in the last quarter. Cullen Capital Management LLC grew its holdings in shares of TotalEnergies by 10.1% during the second quarter. Cullen Capital Management LLC now owns 252,335 shares of the company’s stock worth $15,491,000 after buying an additional 23,238 shares in the last quarter. Sound Income Strategies LLC purchased a new stake in shares of TotalEnergies during the third quarter worth about $17,578,000. Aberdeen Group plc grew its holdings in shares of TotalEnergies by 14.5% during the fourth quarter. Aberdeen Group plc now owns 384,040 shares of the company’s stock worth $25,124,000 after buying an additional 48,640 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC grew its holdings in shares of TotalEnergies by 334.6% during the third quarter. Campbell & CO Investment Adviser LLC now owns 35,005 shares of the company’s stock worth $2,089,000 after buying an additional 26,951 shares in the last quarter. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

About TotalEnergies

TotalEnergies SE (NYSE: TTE) is a French multinational integrated energy company engaged across the full energy value chain. Founded in 1924 as Compagnie Française des Pétroles, the company grew through a series of mergers and expansions—most notably with Petrofina and Elf Aquitaine around the turn of the millennium—and rebranded to TotalEnergies in 2021 to reflect a broader focus on multiple energy sources. It is organized to operate across upstream and downstream activities while pursuing a transition toward lower-carbon energy solutions.

In upstream, TotalEnergies explores for and produces crude oil and natural gas globally.