BNP Paribas Upgrades TotalEnergies (NYSE:TTE) to Outperform

TotalEnergies (NYSE:TTE) was upgraded by analysts at BNP Paribas from a “neutral” rating to an “outperform” rating in a report released on Tuesday,Briefing.com Automated Import reports.

A number of other brokerages have also issued reports on TTE. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Scotiabank lowered their target price on TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating for the company in a report on Friday. Citigroup upgraded TotalEnergies from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 26th. Piper Sandler lowered their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $69.42.

TotalEnergies Stock Performance

Shares of TotalEnergies stock opened at $56.80 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The stock’s fifty day moving average is $60.84 and its two-hundred day moving average is $60.24. TotalEnergies has a 52 week low of $52.78 and a 52 week high of $74.97. The company has a market capitalization of $136.19 billion, a PE ratio of 8.53, a price-to-earnings-growth ratio of 0.98 and a beta of 0.45.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. As a group, analysts expect that TotalEnergies will post 8.02 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TTE. Bank of America Corp DE increased its holdings in shares of TotalEnergies by 121.1% during the fourth quarter. Bank of America Corp DE now owns 7,648,225 shares of the company’s stock valued at $416,828,000 after acquiring an additional 4,189,652 shares in the last quarter. Raymond James Financial Inc. acquired a new position in TotalEnergies during the 4th quarter valued at approximately $156,044,000. Franklin Resources Inc. lifted its stake in shares of TotalEnergies by 41.7% during the fourth quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company’s stock worth $309,851,000 after buying an additional 1,672,387 shares during the period. Northern Trust Corp lifted its stake in shares of TotalEnergies by 41.7% during the fourth quarter. Northern Trust Corp now owns 1,783,017 shares of the company’s stock worth $97,174,000 after buying an additional 524,314 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in shares of TotalEnergies by 295.3% during the fourth quarter. BNP Paribas Financial Markets now owns 689,494 shares of the company’s stock valued at $37,577,000 after buying an additional 515,088 shares during the last quarter. 16.53% of the stock is currently 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.