TotalEnergies SE Sponsored ADR (NYSE:TTE) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• TotalEnergies SE has received a consensus rating of “Moderate Buy” from fourteen research firms, with four analysts rating it as a hold, seven a buy, and three a strong buy.
• The average 12-month target price for TotalEnergies stock is $66.95, reflecting positive expectations from analysts about its market performance.
• TotalEnergies reported $1.57 earnings per share for the last quarter, which fell short of analysts' expectations by $0.05, despite having revenue of $44.68 billion that exceeded forecasts.

TotalEnergies SE Sponsored ADR (NYSE:TTE - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the fourteen brokerages that are covering the firm, Marketbeat.com reports. Four 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 12 month price target among analysts that have issued a report on the stock in the last year is $66.95.

Several equities analysts have issued reports on TTE shares. Sanford C. Bernstein upgraded TotalEnergies from a "market perform" rating to an "outperform" rating in a research report on Monday, June 16th. Piper Sandler upped their target price on TotalEnergies from $66.00 to $68.00 and gave the company a "neutral" rating in a research note on Monday, August 18th. Finally, Scotiabank set a $65.00 price target on TotalEnergies and gave the stock a "sector perform" rating in a research note on Friday, July 11th.

TotalEnergies Trading Down 1.3%

Shares of NYSE TTE traded down $0.78 during trading on Friday, reaching $60.60. The stock had a trading volume of 1,256,700 shares, compared to its average volume of 1,169,182. TotalEnergies has a fifty-two week low of $52.78 and a fifty-two week high of $69.79. 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 business's 50-day moving average price is $61.56 and its 200-day moving average price is $60.71. The company has a market cap of $145.30 billion, a P/E ratio of 11.00, a PEG ratio of 1.04 and a beta of 0.59.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Bank of America Corp DE increased its holdings in TotalEnergies by 10.0% in the 2nd quarter. Bank of America Corp DE now owns 9,802,968 shares of the company's stock valued at $601,804,000 after purchasing an additional 888,574 shares in the last quarter. Franklin Resources Inc. increased its holdings in TotalEnergies by 0.9% in the 2nd quarter. Franklin Resources Inc. now owns 5,884,442 shares of the company's stock valued at $361,246,000 after purchasing an additional 53,307 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in TotalEnergies by 4.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,303,052 shares of the company's stock valued at $278,366,000 after purchasing an additional 169,435 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of TotalEnergies by 0.8% during the second quarter. Federated Hermes Inc. now owns 3,582,127 shares of the company's stock valued at $219,907,000 after acquiring an additional 30,102 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of TotalEnergies by 53.0% during the first quarter. Goldman Sachs Group Inc. now owns 3,232,525 shares of the company's stock valued at $209,112,000 after acquiring an additional 1,119,406 shares in the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

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.