TotalEnergies' (TTE) "Hold (C)" Rating Reiterated at Weiss Ratings

Key Points

• TotalEnergies' stock has been given a "Hold (C)" rating according to Weiss Ratings, with a consensus target price of $64.45.
• The company's stock recently traded down 0.4%, closing at $59.13, while their last quarterly earnings report showed a net margin of 6.20%.
• Institutional investors have shown increased interest, with NewSquare Capital boosting its stake by 141.5% and multiple new stakes being established in the company.

TotalEnergies (NYSE:TTE - Get Free Report)'s stock had its "hold (c)" rating reiterated by equities research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

A number of other research firms also recently weighed in on TTE. BNP Paribas Exane reissued a "neutral" rating on shares of TotalEnergies in a research report on Tuesday, September 23rd. Scotiabank set a $65.00 price objective on TotalEnergies and gave the company a "sector perform" rating in a research note on Friday, July 11th. BNP Paribas cut TotalEnergies from an "outperform" rating to a "hold" rating in a research note on Tuesday, September 23rd. Piper Sandler lifted their target price on TotalEnergies from $66.00 to $68.00 and gave the company a "neutral" rating in a report on Monday, August 18th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of TotalEnergies in a report on Tuesday, September 30th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $64.45.

TotalEnergies Stock Down 0.4%

TTE traded down $0.25 during trading on Wednesday, reaching $59.13. 974,984 shares of the stock were exchanged, compared to its average volume of 1,624,327. The stock has a market cap of $141.77 billion, a P/E ratio of 10.73, a price-to-earnings-growth ratio of 1.41 and a beta of 0.53. TotalEnergies has a twelve month low of $52.78 and a twelve month high of $68.58. The stock's 50 day moving average price is $61.39 and its two-hundred day moving average price is $60.59. 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 released its quarterly earnings data on Thursday, July 24th. The company reported $1.57 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.05). TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. The company had revenue of $44.68 billion during the quarter, compared to analyst estimates of $42.44 billion. Equities analysts expect that TotalEnergies will post 8.02 EPS for the current year.

Institutional Investors Weigh In On TotalEnergies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NewSquare Capital LLC grew its stake in shares of TotalEnergies by 141.5% in the second quarter. NewSquare Capital LLC now owns 495 shares of the company's stock worth $30,000 after acquiring an additional 290 shares during the last quarter. Inlight Wealth Management LLC purchased a new stake in shares of TotalEnergies in the first quarter worth $32,000. Costello Asset Management INC purchased a new stake in shares of TotalEnergies in the first quarter worth $32,000. Trust Co. of Toledo NA OH purchased a new stake in shares of TotalEnergies in the second quarter worth $34,000. Finally, SouthState Corp lifted its holdings in shares of TotalEnergies by 126.1% during the first quarter. SouthState Corp now owns 572 shares of the company's stock valued at $37,000 after purchasing an additional 319 shares in the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Company Profile

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.

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