Analysts Set TotalEnergies SE Sponsored ADR (NYSE:TTE) PT at $69.96

Shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the fifteen ratings firms that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $69.96.

A number of equities analysts have recently weighed in on the company. Scotiabank cut their price target on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a report on Friday, April 11th. BNP Paribas upgraded TotalEnergies from a "neutral" rating to an "outperform" rating in a research note on Tuesday, April 15th. Dbs Bank raised TotalEnergies from a "hold" rating to a "buy" rating in a research report on Wednesday, May 7th. Sanford C. Bernstein raised TotalEnergies from a "market perform" rating to an "outperform" rating in a research report on Monday, June 16th. Finally, HSBC reissued a "buy" rating on shares of TotalEnergies in a research report on Tuesday, May 13th.

TotalEnergies Price Performance

TTE traded down $0.38 during trading on Friday, reaching $63.11. 1,315,049 shares of the stock were exchanged, compared to its average volume of 1,663,588. The business's 50 day moving average price is $60.01 and its two-hundred day moving average price is $59.45. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.07 and a quick ratio of 0.86. The company has a market capitalization of $151.32 billion, a price-to-earnings ratio of 10.62, a P/E/G ratio of 1.25 and a beta of 0.57. TotalEnergies has a 1 year low of $52.78 and a 1 year high of $70.64.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $1.83 EPS for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). TotalEnergies had a return on equity of 14.47% and a net margin of 6.60%. The firm had revenue of $47.90 billion for the quarter, compared to analysts' expectations of $41.23 billion. During the same quarter in the previous year, the firm posted $2.14 earnings per share. As a group, equities research analysts anticipate that TotalEnergies will post 8.02 earnings per share for the current year.

TotalEnergies Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, July 11th. Investors of record on Thursday, June 19th will be issued a $0.7108 dividend. This represents a dividend yield of 4.54%. The ex-dividend date is Wednesday, June 18th. TotalEnergies's dividend payout ratio (DPR) is 47.81%.

Institutional Trading of TotalEnergies

Several hedge funds have recently made changes to their positions in TTE. Oppenheimer & Co. Inc. lifted its holdings in shares of TotalEnergies by 7.0% in the 4th quarter. Oppenheimer & Co. Inc. now owns 4,958 shares of the company's stock worth $270,000 after purchasing an additional 326 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of TotalEnergies by 31.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 16,395 shares of the company's stock worth $894,000 after purchasing an additional 3,939 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of TotalEnergies by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 137,580 shares of the company's stock worth $7,498,000 after purchasing an additional 942 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of TotalEnergies by 12.5% in the 4th quarter. Assetmark Inc. now owns 170,801 shares of the company's stock worth $9,309,000 after purchasing an additional 18,975 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of TotalEnergies in the 4th quarter worth approximately $156,044,000. 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.