TotalEnergies (NYSE:TTE) Upgraded by BNP Paribas to Outperform Rating

TotalEnergies (NYSE:TTE - Get Free Report) was upgraded by investment analysts at BNP Paribas from a "neutral" rating to an "outperform" rating in a note issued to investors on Tuesday, MarketBeat.com reports.

A number of other equities research analysts also recently weighed in on TTE. Scotiabank dropped their target price on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a research report on Friday, April 11th. Piper Sandler cut their target price on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating on the stock in a research report on Thursday, December 19th. Redburn Atlantic upgraded shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Citigroup raised shares of TotalEnergies from a "neutral" rating to a "buy" rating in a report on Wednesday, March 26th. Finally, Morgan Stanley reissued an "equal weight" rating and issued a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $69.42.

TotalEnergies Price Performance

Shares of NYSE TTE traded up $0.56 during mid-day trading on Tuesday, hitting $58.39. 1,306,216 shares of the stock were exchanged, compared to its average volume of 1,571,501. The company has a market cap of $140.00 billion, a P/E ratio of 8.77, a PEG ratio of 0.98 and a beta of 0.45. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. TotalEnergies has a twelve month low of $52.78 and a twelve month high of $74.97. The stock's fifty day simple moving average is $60.61 and its two-hundred day simple moving average is $60.05.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. As a group, analysts forecast that TotalEnergies will post 8.02 EPS for the current fiscal year.

Hedge Funds Weigh In On TotalEnergies

A number of large investors have recently bought and sold shares of TTE. Financial Management Professionals Inc. grew its position in TotalEnergies by 65.8% in the first quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock valued at $31,000 after purchasing an additional 192 shares in the last quarter. Asset Planning Inc acquired a new stake in shares of TotalEnergies in the 4th quarter valued at approximately $31,000. Bernard Wealth Management Corp. bought a new position in shares of TotalEnergies in the fourth quarter valued at $32,000. HHM Wealth Advisors LLC raised its position in TotalEnergies by 156.3% during the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company's stock worth $36,000 after acquiring an additional 400 shares in the last quarter. Finally, Versant Capital Management Inc bought a new position in shares of TotalEnergies in the 4th quarter valued at about $45,000. Institutional investors and hedge funds own 16.53% of the company's stock.

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.