TotalEnergies (NYSE:TTE) Upgraded at Freedom Broker

Key Points

• Freedom Broker upgraded TotalEnergies from “sell” to “hold.” Overall analyst sentiment remains more positive, with MarketBeat reporting a “Moderate Buy” consensus and an average price target of $96.
• TotalEnergies reported quarterly EPS of $4.03, beating the $3.84 estimate, and revenue of $61.86 billion, above the $55.39 billion forecast.
• Shares fell 0.3% to $92.53 on Tuesday, below the average analyst price target but near the stock’s 52-week high of $95.78.

TotalEnergies (NYSE:TTE - Get Free Report) was upgraded by research analysts at Freedom Broker from a "sell" rating to a "hold" rating in a report released on Tuesday, Benzinga reports.

Several other research firms have also commented on TTE. Wall Street Zen upgraded TotalEnergies from a "hold" rating to a "buy" rating in a research note on Monday, August 31st. Piper Sandler increased their target price on TotalEnergies from $84.00 to $93.00 and gave the stock a "neutral" rating in a research report on Thursday, September 3rd. Weiss Ratings reissued a "buy (b)" rating on shares of TotalEnergies in a research note on Thursday, October 22nd. JPMorgan Chase & Co. cut TotalEnergies from an "overweight" rating to a "neutral" rating in a report on Wednesday, September 23rd. Finally, Barclays reaffirmed an "overweight" rating on shares of TotalEnergies in a research note on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, TotalEnergies presently has an average rating of "Moderate Buy" and an average price target of $96.00.

TotalEnergies Trading Down 0.3%

Shares of TTE traded down $0.25 on Tuesday, hitting $92.53. 766,077 shares of the stock traded hands, compared to its average volume of 1,783,503. TotalEnergies has a 1 year low of $60.85 and a 1 year high of $95.78. The stock's 50 day moving average is $89.62 and its two-hundred day moving average is $85.19. The firm has a market capitalization of $221.85 billion, a P/E ratio of 9.25 and a beta of 0.17. The company has a quick ratio of 0.85, a current ratio of 1.06 and a debt-to-equity ratio of 0.38.

TotalEnergies (NYSE:TTE - Get Free Report) last released its earnings results on Thursday, October 29th. The company reported $4.03 EPS for the quarter, topping the consensus estimate of $3.84 by $0.19. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. The firm had revenue of $61.86 billion during the quarter, compared to analysts' expectations of $55.39 billion. As a group, sell-side analysts predict that TotalEnergies will post 12.70 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Amundi acquired a new stake in TotalEnergies during the first quarter worth about $18,868,822,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of TotalEnergies during the 1st quarter worth about $1,103,799,000. Janus Henderson Group PLC grew its holdings in shares of TotalEnergies by 25.2% during the 1st quarter. Janus Henderson Group PLC now owns 11,349,122 shares of the company's stock worth $1,055,775,000 after purchasing an additional 2,287,500 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of TotalEnergies by 8.3% during the 1st quarter. Bank of New York Mellon Corp now owns 11,514,654 shares of the company's stock worth $1,047,603,000 after purchasing an additional 881,889 shares during the period. Finally, Groupe la Francaise increased its position in TotalEnergies by 8.9% during the 1st quarter. Groupe la Francaise now owns 7,617,900 shares of the company's stock worth $683,234,000 after purchasing an additional 624,764 shares in the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about TotalEnergies

Here are the key news stories impacting TotalEnergies this week:

• Positive Sentiment: Five-year LNG agreement: TotalEnergies signed a supply agreement with ADNOC Gas for up to 1.6 million tonnes of LNG, with deliveries expected to begin in 2026. The contract should improve supply visibility and strengthen TotalEnergies’ position in the growing global LNG market. TotalEnergies signs five-year LNG supply deal with ADNOC Gas
• Positive Sentiment: Malaysian gas expansion: TotalEnergies agreed to acquire a 30% operated interest in the Lang Lebah and B14 offshore gas fields in Malaysia. The integrated development is expected to unlock more than 6.5 trillion cubic feet of gas, supporting long-term production growth, although investment and execution requirements remain considerations. TotalEnergies to buy 30% stake in two Malaysian offshore gas fields
• Positive Sentiment: Renewables positioning: CEO Patrick Pouyanné said TotalEnergies is spending more on U.S. renewable projects as other companies retreat. The strategy could create growth opportunities at potentially more attractive valuations and reinforce the company’s energy-transition profile. TotalEnergies spending more on US renewables
• Positive Sentiment: Broker support: DZ BANK AG initiated or reiterated a “Buy” rating on TotalEnergies, adding positive analyst sentiment. TotalEnergies receives a Buy from DZ BANK AG
• Neutral Sentiment: TotalEnergies’ annual Energy Outlook highlights uncertainty around the global energy transition through 2060. The report supports the company’s diversified strategy but is primarily informational rather than a near-term earnings catalyst. TotalEnergies Energy Outlook
• Negative Sentiment: The CEO said Europe is unlikely to face a gas shortage this winter but may have to pay more to secure supplies. Adequate availability could limit scarcity-driven gas prices, while higher costs could pressure consumers and regional demand. TotalEnergies chief sees no gas shortage in Europe
• Neutral Sentiment: TotalEnergies expects the Iran war to accelerate the energy transition, potentially benefiting renewables over time but increasing geopolitical and commodity-price uncertainty in the near term. TotalEnergies expects Iran war to accelerate energy transition

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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