TotalEnergies SE Sponsored ADR (NYSE:TTE) Receives $84.33 Consensus Target Price from Brokerages

TotalEnergies SE Sponsored ADR (NYSE:TTEGet Free Report) has earned a consensus recommendation of “Moderate Buy” from the eighteen ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $84.3333.

Several equities research analysts have issued reports on the stock. Kepler Capital Markets upgraded shares of TotalEnergies from a “reduce” rating to a “hold” rating in a research note on Thursday, April 23rd. TD Cowen reissued a “buy” rating on shares of TotalEnergies in a research note on Monday, April 20th. CICC Research assumed coverage on shares of TotalEnergies in a report on Tuesday, June 23rd. They set an “outperform” rating on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. Finally, Scotiabank increased their price target on TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd.

Get Our Latest Stock Analysis on TotalEnergies

TotalEnergies Stock Performance

NYSE TTE opened at $81.37 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.85. TotalEnergies has a 1-year low of $57.39 and a 1-year high of $94.17. The firm has a market capitalization of $195.11 billion, a P/E ratio of 12.06, a P/E/G ratio of 2.90 and a beta of 0.14. The business’s 50-day simple moving average is $84.71 and its 200-day simple moving average is $81.59.

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

Institutional Investors Weigh In On TotalEnergies

A number of large investors have recently modified their holdings of TTE. AQR Capital Management LLC raised its holdings in shares of TotalEnergies by 151.0% during the 1st quarter. AQR Capital Management LLC now owns 67,461 shares of the company’s stock valued at $4,364,000 after buying an additional 40,586 shares during the period. Empowered Funds LLC boosted its holdings in TotalEnergies by 2.1% in the 1st quarter. Empowered Funds LLC now owns 40,988 shares of the company’s stock worth $2,652,000 after acquiring an additional 835 shares during the period. Sivia Capital Partners LLC boosted its holdings in TotalEnergies by 17.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,136 shares of the company’s stock worth $315,000 after acquiring an additional 774 shares during the period. Russell Investments Group Ltd. raised its stake in shares of TotalEnergies by 14.9% during the second quarter. Russell Investments Group Ltd. now owns 24,274 shares of the company’s stock valued at $1,490,000 after purchasing an additional 3,151 shares during the period. Finally, Invesco Ltd. raised its stake in shares of TotalEnergies by 7.3% during the second quarter. Invesco Ltd. now owns 198,215 shares of the company’s stock valued at $12,168,000 after purchasing an additional 13,536 shares during the period. Institutional investors and hedge funds own 16.53% of the company’s stock.

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TotalEnergies Company Profile

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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.

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Analyst Recommendations for TotalEnergies (NYSE:TTE)

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