TotalEnergies SE Sponsored ADR (NYSE:TTE) Receives $66.45 Consensus Price Target from Brokerages

Shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Get Free Report) have received a consensus rating of "Moderate Buy" from the fourteen analysts that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $66.45.

TTE has been the subject of a number of research analyst reports. BNP Paribas raised shares of TotalEnergies from a "neutral" rating to an "outperform" rating in a research note on Tuesday, April 15th. Dbs Bank raised shares of TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Sanford C. Bernstein raised shares of TotalEnergies from a "market perform" rating to an "outperform" rating in a research note on Monday, June 16th. Morgan Stanley raised shares of TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price target for the company in a research note on Monday, May 12th. Finally, Scotiabank set a $65.00 target price on shares of TotalEnergies and gave the company a "sector perform" rating in a research note on Friday, July 11th.

Institutional Investors Weigh In On TotalEnergies

Large investors have recently made changes to their positions in the company. Financial Management Professionals Inc. raised its holdings in shares of TotalEnergies by 65.8% during the first quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock valued at $31,000 after acquiring an additional 192 shares during the period. Inlight Wealth Management LLC acquired a new stake in shares of TotalEnergies during the first quarter valued at approximately $32,000. Costello Asset Management INC acquired a new stake in shares of TotalEnergies during the first quarter valued at approximately $32,000. Trust Co. of Toledo NA OH acquired a new stake in shares of TotalEnergies during the second quarter valued at approximately $34,000. Finally, SouthState Corp increased its stake in TotalEnergies by 126.1% in the 1st quarter. SouthState Corp now owns 572 shares of the company's stock valued at $37,000 after buying an additional 319 shares during the period. Institutional investors and hedge funds own 16.53% of the company's stock.

TotalEnergies Price Performance

Shares of NYSE:TTE traded down $0.41 during trading on Thursday, reaching $59.14. The company had a trading volume of 1,644,439 shares, compared to its average volume of 1,384,183. The firm's fifty day moving average is $61.18 and its 200 day moving average is $60.27. The firm has a market capitalization of $141.80 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 1.03 and a beta of 0.59. TotalEnergies has a twelve month low of $52.78 and a twelve month high of $70.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00.

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

TotalEnergies Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, July 11th. Stockholders of record on Thursday, June 19th were issued a dividend of $0.7108 per share. The ex-dividend date was Wednesday, June 18th. This represents a dividend yield of 454.0%. TotalEnergies's payout ratio is currently 53.72%.

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.