Brokerages Set TotalEnergies SE (NYSE:TTE) PT at $69.36

TotalEnergies SE (NYSE:TTE - Get Free Report) has earned a consensus rating of "Moderate Buy" from the fourteen brokerages that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $69.36.

TTE has been the subject of a number of analyst reports. Citigroup upgraded TotalEnergies from a "neutral" rating to a "buy" rating in a report on Wednesday, March 26th. Dbs Bank upgraded shares of TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Morgan Stanley upgraded shares of TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price objective on the stock in a report on Monday, May 12th. HSBC restated a "buy" rating on shares of TotalEnergies in a research note on Tuesday, May 13th. Finally, Scotiabank dropped their price objective on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating on the stock in a report on Friday, April 11th.

TotalEnergies Trading Up 2.0%

Shares of NYSE:TTE traded up $1.23 during trading on Wednesday, reaching $62.13. The stock had a trading volume of 1,440,378 shares, compared to its average volume of 1,642,775. The business has a fifty day moving average price of $58.17 and a 200-day moving average price of $58.74. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The stock has a market cap of $148.97 billion, a P/E ratio of 9.33, a PEG ratio of 0.98 and a beta of 0.56. TotalEnergies has a fifty-two week low of $52.78 and a fifty-two week high of $71.03.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $1.83 EPS for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). The company had revenue of $47.90 billion for the quarter, compared to analyst estimates of $41.23 billion. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. During the same period in the prior year, the company earned $2.14 EPS. As a group, analysts anticipate that TotalEnergies will post 8.02 earnings per share for the current fiscal year.

Institutional Trading of TotalEnergies

Hedge funds have recently added to or reduced their stakes in the business. Strs Ohio bought a new position in TotalEnergies during the first quarter valued at about $18,501,000. Geneos Wealth Management Inc. grew its holdings in shares of TotalEnergies by 19.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 6,713 shares of the company's stock worth $434,000 after purchasing an additional 1,112 shares in the last quarter. Focus Partners Wealth increased its position in shares of TotalEnergies by 15.3% during the first quarter. Focus Partners Wealth now owns 33,484 shares of the company's stock valued at $2,167,000 after purchasing an additional 4,449 shares during the period. Ransom Advisory Ltd bought a new stake in shares of TotalEnergies during the first quarter valued at approximately $63,000. Finally, SCS Capital Management LLC acquired a new position in shares of TotalEnergies in the first quarter valued at $257,000. Institutional investors 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.