TotalEnergies (NYSE:TTE) Stock Rating Upgraded by Zacks Research

Key Points

• Zacks Research upgraded TotalEnergies from “hold” to “strong buy,” while the broader analyst consensus remains “Moderate Buy” with a $92.71 price target.
• TotalEnergies shares opened at $90.06, near their 52-week high of $94.17, with a market capitalization of approximately $215.93 billion and a price-to-earnings ratio of 10.42.
• The company reported quarterly earnings of $2.68 per share on $57.10 billion in revenue, and institutional investors own 16.53% of its stock.

TotalEnergies (NYSE:TTE - Get Free Report) was upgraded by equities researchers at Zacks Research from a "hold" rating to a "strong-buy" rating in a report released on Monday, Zacks reports.

A number of other equities research analysts have also commented on TTE. HSBC upgraded TotalEnergies from a "hold" rating to a "buy" rating in a research report on Friday, September 25th. CICC Research initiated coverage on TotalEnergies in a research note on Tuesday, June 23rd. They issued an "outperform" rating for the company. TD Cowen lowered their price objective on TotalEnergies from $108.00 to $105.00 and set a "buy" rating for the company in a research report on Tuesday, October 13th. Piper Sandler lifted their price objective on TotalEnergies from $84.00 to $93.00 and gave the stock a "neutral" rating in a research note on Thursday, September 3rd. Finally, Morgan Stanley set a $90.00 price objective on TotalEnergies and gave the stock an "equal weight" rating in a research note on Thursday, September 3rd. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, TotalEnergies has an average rating of "Moderate Buy" and a consensus price target of $92.71.

TotalEnergies Price Performance

Shares of NYSE:TTE opened at $90.06 on Monday. The firm has a market cap of $215.93 billion, a PE ratio of 10.42 and a beta of 0.18. The firm's fifty day moving average is $88.92 and its 200-day moving average is $87.33. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.85 and a current ratio of 1.06. TotalEnergies has a 52 week low of $60.58 and a 52 week high of $94.17.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The company reported $2.68 earnings per share for the quarter. The business had revenue of $57.10 billion during the quarter. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%. Sell-side analysts predict that TotalEnergies will post 12.40 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Cohen Investment Advisors LLC lifted its holdings in TotalEnergies by 3.2% during the third quarter. Cohen Investment Advisors LLC now owns 7,199 shares of the company's stock worth $619,000 after acquiring an additional 225 shares during the period. Integrated Advisors Network LLC bought a new position in TotalEnergies in the 3rd quarter valued at $305,000. Diversify Advisory Services LLC grew its stake in TotalEnergies by 5.7% in the 3rd quarter. Diversify Advisory Services LLC now owns 23,502 shares of the company's stock valued at $2,080,000 after purchasing an additional 1,260 shares during the period. 55 North Private Wealth LLC bought a new position in TotalEnergies in the 3rd quarter valued at $206,000. Finally, Net Worth Advisory Group increased its position in shares of TotalEnergies by 17.2% during the 3rd quarter. Net Worth Advisory Group now owns 5,348 shares of the company's stock valued at $452,000 after purchasing an additional 784 shares during the last quarter. 16.53% of the stock is owned by institutional investors.

TotalEnergies Company Profile

TotalEnergies SE is a French multinational energy company that explores for, produces, processes and markets oil and natural gas. Established in 1924 as the Compagnie française des pétroles, the company adopted the TotalEnergies name in 2021 to reflect its broader focus on multiple forms of energy.

The company's activities include liquefied natural gas, refining and petrochemicals, fuels, lubricants, and the operation of service stations. TotalEnergies also develops and sells electricity from renewable and other power-generation sources, including solar and wind projects, as well as energy-storage and electric-vehicle charging solutions.

TotalEnergies serves customers and operates projects across numerous regions, including Europe, Africa, the Middle East, the Americas and the Asia-Pacific region.

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