TotalEnergies (NYSE:TTE) Sets New 52-Week High – Still a Buy?

Shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $93.30 and last traded at $93.1090, with a volume of 345844 shares changing hands. The stock had previously closed at $92.65.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TTE shares. Wall Street Zen raised shares of TotalEnergies to a “hold” rating in a research note on Saturday, January 17th. Weiss Ratings restated a “hold (c)” rating on shares of TotalEnergies in a report on Wednesday, January 21st. Zacks Research upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Monday, March 30th. Freedom Capital downgraded shares of TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a report on Friday, February 13th. Finally, Morgan Stanley restated an “overweight” rating on shares of TotalEnergies in a report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, TotalEnergies has an average rating of “Hold” and an average price target of $77.54.

TotalEnergies Stock Performance

The stock has a market capitalization of $218.24 billion, a price-to-earnings ratio of 15.72, a price-to-earnings-growth ratio of 3.99 and a beta of 0.13. 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 stock’s 50-day simple moving average is $83.21 and its 200 day simple moving average is $71.01.

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

Hedge Funds Weigh In On TotalEnergies

Large investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC lifted its holdings in TotalEnergies by 42.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 476,369 shares of the company’s stock valued at $28,801,000 after buying an additional 142,829 shares during the period. Sound Income Strategies LLC acquired a new position in TotalEnergies in the third quarter valued at approximately $17,578,000. Aberdeen Group plc increased its stake in TotalEnergies by 14.5% in the fourth quarter. Aberdeen Group plc now owns 384,040 shares of the company’s stock valued at $25,124,000 after purchasing an additional 48,640 shares in the last quarter. Campbell & CO Investment Adviser LLC increased its stake in TotalEnergies by 334.6% in the third quarter. Campbell & CO Investment Adviser LLC now owns 35,005 shares of the company’s stock valued at $2,089,000 after purchasing an additional 26,951 shares in the last quarter. Finally, Lesa Sroufe & Co bought a new stake in TotalEnergies in the third quarter valued at approximately $2,719,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Company Profile

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.