TotalEnergies (NYSE:TTE) Raised to “Hold” at Wall Street Zen

TotalEnergies (NYSE:TTE) was upgraded by research analysts at Wall Street Zen to a “hold” rating in a research report issued to clients and investors on Saturday.

TTE has been the subject of a number of other research reports. Scotiabank restated a “sector perform” rating and set a $73.00 price objective on shares of TotalEnergies in a report on Friday. JPMorgan Chase & Co. lowered shares of TotalEnergies from an “overweight” rating to a “neutral” rating in a research note on Friday, December 5th. Morgan Stanley reaffirmed an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, January 6th. Royal Bank Of Canada reissued an “outperform” rating on shares of TotalEnergies in a research report on Tuesday, September 30th. Finally, HSBC downgraded shares of TotalEnergies from a “buy” rating to a “hold” rating in a research note on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $68.36.

TotalEnergies Stock Performance

Shares of NYSE:TTE opened at $66.23 on Friday. The company has a current ratio of 1.01, a quick ratio of 0.82 and a debt-to-equity ratio of 0.42. TotalEnergies has a 12 month low of $52.78 and a 12 month high of $67.14. The company has a market capitalization of $158.80 billion, a price-to-earnings ratio of 10.70, a PEG ratio of 3.73 and a beta of 0.22. The firm’s 50-day moving average is $65.19 and its 200 day moving average is $62.71.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Monday, November 3rd. The company reported $1.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($0.04). The firm had revenue of $87.69 billion during the quarter, compared to the consensus estimate of $43.66 billion. TotalEnergies had a return on equity of 13.54% and a net margin of 6.98%. Research analysts predict that TotalEnergies will post 8.02 EPS for the current year.

Institutional Investors Weigh In On TotalEnergies

Several hedge funds have recently modified their holdings of the business. Bruce G. Allen Investments LLC lifted its position in TotalEnergies by 4.5% during the third quarter. Bruce G. Allen Investments LLC now owns 3,919 shares of the company’s stock worth $234,000 after buying an additional 167 shares during the period. Clear Creek Financial Management LLC increased its stake in shares of TotalEnergies by 2.8% during the 2nd quarter. Clear Creek Financial Management LLC now owns 6,184 shares of the company’s stock valued at $380,000 after acquiring an additional 169 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of TotalEnergies by 4.3% during the 2nd quarter. UMB Bank n.a. now owns 4,107 shares of the company’s stock worth $252,000 after acquiring an additional 171 shares during the period. MFA Wealth Advisors LLC boosted its position in shares of TotalEnergies by 4.1% in the third quarter. MFA Wealth Advisors LLC now owns 4,343 shares of the company’s stock worth $259,000 after acquiring an additional 172 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC grew its holdings in TotalEnergies by 2.2% in the second quarter. Signature Estate & Investment Advisors LLC now owns 8,020 shares of the company’s stock valued at $492,000 after purchasing an additional 173 shares during the period. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Company Profile

TotalEnergies SE (NYSE: TTE) is a French multinational integrated energy company engaged across the full energy value chain. Founded in 1924 as Compagnie Française des Pétroles, the company grew through a series of mergers and expansions—most notably with Petrofina and Elf Aquitaine around the turn of the millennium—and rebranded to TotalEnergies in 2021 to reflect a broader focus on multiple energy sources. It is organized to operate across upstream and downstream activities while pursuing a transition toward lower-carbon energy solutions.

In upstream, TotalEnergies explores for and produces crude oil and natural gas globally.