TotalEnergies SE Sponsored ADR (NYSE:TTE) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• TotalEnergies SE has received a consensus rating of "Moderate Buy" from 14 research firms, with an average target price set at $66.95.
• Despite reporting a missed earnings estimate of $1.57 EPS for the last quarter, the company outperformed revenue expectations with $44.68 billion.
• The recent dividend payout was $0.7108, yielding 454.0%, although the company has announced a cut in its dividend.

Shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Get Free Report) have been given an average rating of "Moderate Buy" by the fourteen brokerages that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $66.95.

Several research analysts have recently weighed in on TTE shares. Dbs Bank raised shares of TotalEnergies from a "hold" rating to a "buy" rating in a report on Wednesday, May 7th. HSBC reaffirmed a "buy" rating on shares of TotalEnergies in a report on Tuesday, May 13th. Piper Sandler upped their price target on shares of TotalEnergies from $66.00 to $68.00 and gave the stock a "neutral" rating in a report on Monday, August 18th. Sanford C. Bernstein raised shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a report on Monday, June 16th. Finally, Scotiabank set a $65.00 price target on shares of TotalEnergies and gave the stock a "sector perform" rating in a report on Friday, July 11th.

Institutional Trading of TotalEnergies

Several institutional investors and hedge funds have recently bought and sold shares of TTE. Bank of America Corp DE lifted its holdings in TotalEnergies by 121.1% in the fourth quarter. Bank of America Corp DE now owns 7,648,225 shares of the company's stock worth $416,828,000 after buying an additional 4,189,652 shares during the period. Goldman Sachs Group Inc. lifted its holdings in TotalEnergies by 53.0% in the first quarter. Goldman Sachs Group Inc. now owns 3,232,525 shares of the company's stock worth $209,112,000 after buying an additional 1,119,406 shares during the period. Alyeska Investment Group L.P. lifted its holdings in TotalEnergies by 287.2% in the first quarter. Alyeska Investment Group L.P. now owns 1,247,765 shares of the company's stock worth $80,718,000 after buying an additional 925,541 shares during the period. Federated Hermes Inc. increased its stake in shares of TotalEnergies by 23.1% during the first quarter. Federated Hermes Inc. now owns 3,552,025 shares of the company's stock valued at $229,780,000 after purchasing an additional 665,620 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of TotalEnergies by 41.7% during the fourth quarter. Northern Trust Corp now owns 1,783,017 shares of the company's stock valued at $97,174,000 after purchasing an additional 524,314 shares in the last quarter. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Stock Up 1.0%

TTE traded up $0.61 during midday trading on Monday, reaching $62.72. 607,953 shares of the company were exchanged, compared to its average volume of 1,672,090. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00. The company's fifty day moving average price is $61.66 and its 200 day moving average price is $60.61. The company has a market cap of $150.38 billion, a price-to-earnings ratio of 11.38, a price-to-earnings-growth ratio of 1.06 and a beta of 0.59. TotalEnergies has a one year low of $52.78 and a one year high of $69.81.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.57 EPS for the quarter, missing analysts' consensus estimates of $1.62 by ($0.05). The company had revenue of $44.68 billion for the quarter, compared to the consensus estimate of $42.44 billion. TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%. As a group, analysts expect that TotalEnergies will post 8.02 EPS for the current year.

TotalEnergies Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, July 11th. Investors of record on Thursday, June 19th were paid a $0.7108 dividend. This represents a yield of 454.0%. The ex-dividend date of this dividend was Wednesday, June 18th. TotalEnergies's dividend payout ratio is currently 61.71%.

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.