TotalEnergies (NYSE:TTE) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded TotalEnergies to “buy” from “hold,” adding to a generally positive analyst outlook. MarketBeat reports a “Moderate Buy” consensus rating and an average price target of $87.14.
• TotalEnergies shares opened at $86.39, with a market capitalization of approximately $207.14 billion and a one-year trading range of $57.39 to $94.17.
• The company reported quarterly earnings of $2.68 per share on $57.10 billion in revenue, while institutional investors own 16.53% of its stock.

TotalEnergies (NYSE:TTE - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Monday.

TTE has been the subject of several other reports. Mizuho started coverage on TotalEnergies in a research report on Monday, July 20th. They set an "outperform" rating and a $103.00 target price for the company. CICC Research started coverage on TotalEnergies in a research report on Tuesday, June 23rd. They set an "outperform" rating for the company. Piper Sandler reiterated a "neutral" rating and set a $85.00 price target on shares of TotalEnergies in a research report on Thursday, July 23rd. Zacks Research lowered TotalEnergies from a "strong-buy" rating to a "hold" rating in a report on Monday, May 25th. Finally, Weiss Ratings upgraded shares of TotalEnergies from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, July 24th. Eleven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, TotalEnergies currently has an average rating of "Moderate Buy" and a consensus target price of $87.14.

TotalEnergies Stock Up 0.0%

TTE opened at $86.39 on Monday. The company has a fifty day moving average price of $83.59 and a 200-day moving average price of $85.51. The firm has a market capitalization of $207.14 billion, a P/E ratio of 10.81, a price-to-earnings-growth ratio of 3.05 and a beta of 0.13. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.06 and a quick ratio of 0.85. TotalEnergies has a one year low of $57.39 and a one year high of $94.17.

TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings results on Tuesday, June 30th. The company reported $2.68 earnings per share for the quarter. The firm had revenue of $57.10 billion for the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. Equities research analysts expect that TotalEnergies will post 10.65 earnings per share for the current fiscal year.

Institutional Trading of TotalEnergies

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Robinswood Financial LLC bought a new stake in TotalEnergies during the 1st quarter valued at $27,000. Pin Oak Investment Advisors Inc. bought a new stake in TotalEnergies in the 2nd quarter worth $30,000. Elyxium Wealth LLC purchased a new position in shares of TotalEnergies in the fourth quarter valued at about $33,000. SHP Wealth Management purchased a new position in shares of TotalEnergies in the fourth quarter valued at about $37,000. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of TotalEnergies during the fourth quarter valued at about $38,000. 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.

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