Weiss Ratings Reaffirms "Hold (C)" Rating for TotalEnergies (NYSE:TTE)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C)" rating for TotalEnergies (NYSE:TTE), indicating a cautious outlook on the stock's performance.
• TotalEnergies stock is currently valued at approximately $62.17, having recently seen a 0.7% decline during trading.
• The company reported earnings of $1.57 EPS for the last quarter, which missed analyst expectations by $0.05 despite higher-than-expected revenue of $44.68 billion.

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

Several other brokerages have also issued reports on TTE. BNP Paribas lowered TotalEnergies from an "outperform" rating to a "hold" rating in a research report on Tuesday, September 23rd. BNP Paribas Exane reissued a "neutral" rating on shares of TotalEnergies in a report on Tuesday, September 23rd. Piper Sandler reissued a "neutral" rating and issued a $69.00 price objective on shares of TotalEnergies in a report on Monday. Scotiabank raised their target price on TotalEnergies from $65.00 to $67.00 and gave the stock a "sector perform" rating in a report on Thursday, October 9th. Finally, Berenberg Bank lowered TotalEnergies from a "buy" rating to a "hold" rating and set a $64.00 target price on the stock. in a report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, TotalEnergies currently has an average rating of "Moderate Buy" and a consensus price target of $65.20.

TotalEnergies Stock Down 0.7%

NYSE:TTE traded down $0.42 during mid-day trading on Friday, hitting $62.17. 906,565 shares of the company's stock traded hands, compared to its average volume of 1,464,817. The company has a fifty day moving average of $61.28 and a 200 day moving average of $60.44. TotalEnergies has a twelve month low of $52.78 and a twelve month high of $65.76. The company has a market capitalization of $149.05 billion, a P/E ratio of 11.28, a P/E/G ratio of 1.51 and a beta of 0.53. 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 announced its earnings results 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). TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. The business had revenue of $44.68 billion for the quarter, compared to analyst estimates of $42.44 billion. On average, analysts forecast that TotalEnergies will post 8.02 EPS for the current year.

Institutional Trading of TotalEnergies

Institutional investors have recently bought and sold shares of the business. NewSquare Capital LLC grew its holdings in TotalEnergies by 141.5% in the second quarter. NewSquare Capital LLC now owns 495 shares of the company's stock valued at $30,000 after purchasing an additional 290 shares during the period. Costello Asset Management INC acquired a new stake in TotalEnergies in the first quarter valued at approximately $32,000. Trust Co. of Toledo NA OH acquired a new stake in TotalEnergies in the second quarter valued at approximately $34,000. Salomon & Ludwin LLC lifted its position in shares of TotalEnergies by 1,177.3% in the third quarter. Salomon & Ludwin LLC now owns 562 shares of the company's stock valued at $34,000 after acquiring an additional 518 shares in the last quarter. Finally, SouthState Corp lifted its position in shares of TotalEnergies by 126.1% in the first quarter. SouthState Corp now owns 572 shares of the company's stock valued at $37,000 after acquiring an additional 319 shares in the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.

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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