TotalEnergies (NYSE:TTE) Coverage Initiated by Analysts at Mizuho

Mizuho began coverage on shares of TotalEnergies (NYSE:TTE) in a report issued on Monday morning, MarketBeat reports. The brokerage issued an outperform rating and a $103.00 target price on the stock.

TTE has been the topic of several other reports. Morgan Stanley restated an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. Scotiabank boosted their price target on TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Weiss Ratings upgraded TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, May 1st. Kepler Capital Markets raised TotalEnergies from a “reduce” rating to a “hold” rating in a research note on Thursday, April 23rd. Finally, Wall Street Zen downgraded TotalEnergies from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Eleven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, TotalEnergies currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.00.

TotalEnergies Trading Down 0.4%

NYSE TTE opened at $81.04 on Monday. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $194.31 billion, a P/E ratio of 12.01, a P/E/G ratio of 2.90 and a beta of 0.14. TotalEnergies has a 52-week low of $57.39 and a 52-week high of $94.17. The firm has a 50-day moving average price of $84.51 and a 200 day moving average price of $81.70.

TotalEnergies (NYSE:TTE) last released its earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.23. The company had revenue of $49.52 billion for the quarter, compared to analysts’ expectations of $44.58 billion. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%. Equities research analysts expect that TotalEnergies will post 10.56 EPS for the current year.

Hedge Funds Weigh In On TotalEnergies

Several institutional investors and hedge funds have recently modified their holdings of TTE. Amundi purchased a new stake in TotalEnergies during the first quarter valued at about $18,868,822,000. Vanguard Group Inc. purchased a new position in TotalEnergies in the fourth quarter valued at approximately $5,337,330,000. Capital International Investors raised its holdings in TotalEnergies by 1,438.5% in the fourth quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock valued at $3,435,988,000 after buying an additional 49,245,192 shares during the period. Massachusetts Financial Services Co. MA lifted its position in TotalEnergies by 21,398.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 40,380,511 shares of the company’s stock valued at $2,641,693,000 after buying an additional 40,192,677 shares in the last quarter. Finally, Caisse Des Depots ET Consignations acquired a new position in TotalEnergies during the fourth quarter valued at approximately $1,982,676,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

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.