TotalEnergies SE (NYSE:TTE) Given Consensus Recommendation of “Hold” by Brokerages

TotalEnergies SE (NYSE:TTE) has been given a consensus recommendation of “Hold” by the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $76.00.

A number of equities research analysts have recently weighed in on the company. Piper Sandler raised their price target on TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a research note on Thursday, April 18th. Wolfe Research started coverage on shares of TotalEnergies in a research report on Thursday, July 18th. They set an “outperform” rating and a $87.00 price objective on the stock. Finally, Scotiabank decreased their target price on shares of TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th.

Institutional Investors Weigh In On TotalEnergies

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Key Financial Inc grew its holdings in TotalEnergies by 139.0% during the fourth quarter. Key Financial Inc now owns 380 shares of the company’s stock valued at $26,000 after purchasing an additional 221 shares during the last quarter. North Star Investment Management Corp. grew its stake in TotalEnergies by 310.0% in the 1st quarter. North Star Investment Management Corp. now owns 410 shares of the company’s stock valued at $28,000 after buying an additional 310 shares during the last quarter. Evolution Advisers Inc. bought a new position in TotalEnergies in the 4th quarter worth $29,000. Pathway Financial Advisers LLC acquired a new position in TotalEnergies during the 1st quarter worth $29,000. Finally, Frazier Financial Advisors LLC bought a new stake in TotalEnergies during the fourth quarter valued at about $30,000. 13.22% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Stock Up 0.3 %

TotalEnergies stock opened at $67.85 on Friday. TotalEnergies has a twelve month low of $57.97 and a twelve month high of $74.97. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.87 and a current ratio of 1.09. The firm has a market cap of $160.22 billion, a PE ratio of 7.66, a P/E/G ratio of 1.67 and a beta of 0.64. The firm’s 50 day moving average price is $68.99 and its two-hundred day moving average price is $68.45.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Friday, April 26th. The company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.96 by $0.18. The business had revenue of $56.28 billion for the quarter, compared to the consensus estimate of $59.64 billion. TotalEnergies had a net margin of 9.49% and a return on equity of 17.93%. On average, research analysts predict that TotalEnergies will post 9 EPS for the current fiscal year.

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.