TotalEnergies (NYSE:TTE) Coverage Initiated by Analysts at Wolfe Research

Wolfe Research started coverage on shares of TotalEnergies (NYSE:TTE) in a research note released on Thursday, Marketbeat reports. The brokerage issued an outperform rating and a $87.00 price objective on the stock.

Other equities analysts have also issued reports about the stock. Piper Sandler increased their price objective on shares of TotalEnergies from $75.00 to $79.00 and gave the company a neutral rating in a report on Thursday, April 18th. Scotiabank cut their price objective on shares of TotalEnergies from $86.00 to $80.00 and set a sector perform rating on the stock in a report on Friday, July 12th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, TotalEnergies presently has an average rating of Hold and a consensus price target of $76.00.

TotalEnergies Price Performance

TTE opened at $68.25 on Thursday. TotalEnergies has a one year low of $57.97 and a one year high of $74.97. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.09 and a quick ratio of 0.87. The company’s 50 day simple moving average is $69.56 and its 200-day simple moving average is $68.44. The stock has a market capitalization of $161.17 billion, a P/E ratio of 7.70, a price-to-earnings-growth ratio of 1.68 and a beta of 0.64.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Friday, April 26th. The company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.18. TotalEnergies had a net margin of 9.52% and a return on equity of 18.30%. The business had revenue of $56.28 billion for the quarter, compared to analyst estimates of $59.64 billion. Sell-side analysts anticipate that TotalEnergies will post 9.12 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TotalEnergies

Several hedge funds have recently bought and sold shares of the company. Private Trust Co. NA raised its holdings in TotalEnergies by 1.6% in the first quarter. Private Trust Co. NA now owns 9,273 shares of the company’s stock worth $638,000 after purchasing an additional 149 shares during the period. Geneos Wealth Management Inc. raised its holdings in shares of TotalEnergies by 3.6% during the first quarter. Geneos Wealth Management Inc. now owns 4,379 shares of the company’s stock worth $301,000 after acquiring an additional 153 shares during the period. PDS Planning Inc raised its holdings in shares of TotalEnergies by 2.3% during the fourth quarter. PDS Planning Inc now owns 6,839 shares of the company’s stock worth $461,000 after acquiring an additional 156 shares during the period. Hexagon Capital Partners LLC raised its holdings in shares of TotalEnergies by 5.1% during the second quarter. Hexagon Capital Partners LLC now owns 3,406 shares of the company’s stock worth $227,000 after acquiring an additional 164 shares during the period. Finally, Kestra Private Wealth Services LLC raised its holdings in shares of TotalEnergies by 1.0% during the fourth quarter. Kestra Private Wealth Services LLC now owns 18,496 shares of the company’s stock worth $1,246,000 after acquiring an additional 179 shares during the period. 13.22% of the stock is currently owned by institutional investors and hedge funds.

About TotalEnergies

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.