TotalEnergies SE Sponsored ADR (NYSE:TTE) Stock Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Analysts rate TotalEnergies a “Moderate Buy.” Of 18 analysts, 10 recommend buying, one strongly recommends buying, six advise holding, and one recommends selling; the average 12-month price target is $92.71.
• Institutional ownership has increased. Several major investors added or initiated positions, while institutional investors collectively own 16.53% of the company.
• TotalEnergies shares opened at $92.80, up 2.0%, with a market capitalization of $222.5 billion. The company reported quarterly EPS of $2.68 on $57.10 billion in revenue, and analysts expect full-year EPS of $12.60.

Shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Get Free Report) have received an average recommendation of "Moderate Buy" from the eighteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, ten have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $92.71.

Several equities analysts have issued reports on TTE shares. Zacks Research raised TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 19th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of TotalEnergies in a research report on Thursday. Wall Street Zen upgraded TotalEnergies from a "hold" rating to a "buy" rating in a research note on Monday, August 31st. JPMorgan Chase & Co. downgraded TotalEnergies from an "overweight" rating to a "neutral" rating in a research note on Wednesday, September 23rd. Finally, Piper Sandler boosted their price target on shares of TotalEnergies from $84.00 to $93.00 and gave the stock a "neutral" rating in a report on Thursday, September 3rd.

Hedge Funds Weigh In On TotalEnergies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Amundi bought a new position in shares of TotalEnergies in the first quarter worth $18,868,822,000. DekaBank Deutsche Girozentrale purchased a new position in TotalEnergies in the 1st quarter worth approximately $1,103,799,000. Bank of New York Mellon Corp grew its position in TotalEnergies by 8.3% in the first quarter. Bank of New York Mellon Corp now owns 11,514,654 shares of the company's stock worth $1,047,603,000 after acquiring an additional 881,889 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of TotalEnergies by 25.2% in 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 in the last quarter. Finally, Groupe la Francaise boosted its stake in TotalEnergies by 8.9% in the first quarter. Groupe la Francaise now owns 7,617,900 shares of the company's stock worth $683,234,000 after buying an additional 624,764 shares in the last quarter. Institutional investors own 16.53% of the company's stock.

TotalEnergies Stock Up 2.0%

Shares of TTE opened at $92.80 on Friday. The stock's 50-day moving average price is $89.15 and its two-hundred day moving average price is $87.34. The company has a current ratio of 1.06, a quick ratio of 0.85 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $222.50 billion, a PE ratio of 11.61 and a beta of 0.18. TotalEnergies has a 12 month low of $60.58 and a 12 month high of $94.17.

TotalEnergies (NYSE:TTE - Get Free Report) last announced its earnings results on Tuesday, June 30th. The company reported $2.68 EPS for the quarter. The business had revenue of $57.10 billion for the quarter. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%. On average, analysts anticipate that TotalEnergies will post 12.60 EPS for the current year.

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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