TotalEnergies (NYSE:TTE) Upgraded to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded TotalEnergies from “hold” to “buy.” The stock has a “Moderate Buy” consensus rating, with 11 analysts rating it Buy, seven Hold, and one Sell; the average price target is $87.14.
• TotalEnergies shares opened at $88.16, near the upper end of their 12-month range of $57.39 to $94.17. The company recently reported quarterly EPS of $2.68 on $57.10 billion in revenue, with analysts forecasting $10.65 in full-year EPS.
• Institutional investors made substantial purchases, including Vanguard’s approximately $5.34 billion position and Bank of Italy’s roughly $423 million stake. Institutions collectively own 16.53% of the company.

TotalEnergies (NYSE:TTE - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

Several other research firms also recently issued reports on TTE. Kepler Capital Markets upgraded TotalEnergies from a "reduce" rating to a "hold" rating in a research report on Thursday, April 23rd. BNP Paribas Exane upgraded TotalEnergies from a "neutral" rating to an "outperform" rating in a research report on Friday, April 17th. CICC Research began coverage on TotalEnergies in a research note on Tuesday, June 23rd. They set an "outperform" rating on the stock. Zacks Research cut TotalEnergies from a "strong-buy" rating to a "hold" rating in a report on Monday, May 25th. Finally, Weiss Ratings upgraded TotalEnergies from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, July 24th. Eleven investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, TotalEnergies currently has a consensus rating of "Moderate Buy" and an average target price of $87.14.

TotalEnergies Stock Performance

NYSE TTE opened at $88.16 on Friday. The company's 50 day moving average is $82.92 and its 200-day moving average is $84.32. TotalEnergies has a 12-month low of $57.39 and a 12-month high of $94.17. The company has a quick ratio of 0.85, a current ratio of 1.06 and a debt-to-equity ratio of 0.38. The firm has a market cap of $211.38 billion, a P/E ratio of 11.03, a price-to-earnings-growth ratio of 3.07 and a beta of 0.14.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. ABN AMRO Bank N.V. bought a new stake in TotalEnergies during the fourth quarter valued at approximately $122,831,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of TotalEnergies in the 4th quarter worth $830,000. Vanguard Group Inc. bought a new position in shares of TotalEnergies in the 4th quarter worth $5,337,330,000. Generali Asset Management SPA SGR bought a new position in shares of TotalEnergies in the 4th quarter worth $85,105,000. Finally, Bank of Italy purchased a new stake in shares of TotalEnergies during the 4th quarter valued at $422,957,000. 16.53% of the stock is owned by institutional investors.

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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