TotalEnergies (NYSE:TTE - Get Free Report)'s stock had its "neutral" rating reaffirmed by stock analysts at BNP Paribas Exane in a research note issued to investors on Tuesday, MarketBeat Ratings reports.
Other equities research analysts also recently issued research reports about the company. Sanford C. Bernstein upgraded TotalEnergies from a "market perform" rating to an "outperform" rating in a report on Monday, June 16th. Piper Sandler boosted their price objective on TotalEnergies from $66.00 to $68.00 and gave the company a "neutral" rating in a report on Monday, August 18th. Finally, Scotiabank set a $65.00 target price on TotalEnergies and gave the stock a "sector perform" rating in a research note on Friday, July 11th. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $66.95.
Read Our Latest Analysis on TTE
TotalEnergies Price Performance
TTE stock opened at $60.84 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 0.81 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $145.86 billion, a PE ratio of 11.04, a P/E/G ratio of 1.04 and a beta of 0.59. TotalEnergies has a 12-month low of $52.78 and a 12-month high of $69.79. The business's fifty day moving average price is $61.53 and its 200 day moving average price is $60.71.
TotalEnergies (NYSE:TTE - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($0.05). The firm had revenue of $44.68 billion during the quarter, compared to analysts' expectations of $42.44 billion. TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. On average, sell-side analysts anticipate that TotalEnergies will post 8.02 EPS for the current year.
Institutional Trading of TotalEnergies
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its stake in TotalEnergies by 10.0% during 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 acquiring an additional 888,574 shares during the last quarter. Franklin Resources Inc. raised its stake in TotalEnergies by 0.9% during the 2nd quarter. Franklin Resources Inc. now owns 5,884,442 shares of the company's stock valued at $361,246,000 after acquiring an additional 53,307 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in TotalEnergies by 4.1% during 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 acquiring an additional 169,435 shares during the last quarter. Federated Hermes Inc. raised its stake in TotalEnergies by 0.8% during the 2nd 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 during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in TotalEnergies by 53.0% during the 1st 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 during the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.
About TotalEnergies
(
Get Free Report)
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.
Further Reading
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