TotalEnergies (NYSE:TTE) Sets New 12-Month High at $52.64

Shares of TotalEnergies SE (NYSE:TTE) reached a new 52-week high on Friday . The stock traded as high as $52.64 and last traded at $52.40, with a volume of 32494 shares traded. The stock had previously closed at $52.10.

Several analysts have issued reports on the company. Zacks Investment Research upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating and set a $59.00 target price on the stock in a research note on Tuesday. Morgan Stanley restated an “equal weight” rating on shares of TotalEnergies in a research note on Tuesday, November 9th. Kepler Capital Markets restated a “buy” rating on shares of TotalEnergies in a research note on Friday, December 3rd. UBS Group upgraded TotalEnergies from a “neutral” rating to a “buy” rating in a research note on Monday, November 15th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of TotalEnergies in a research note on Thursday, September 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $57.83.

The business has a fifty day moving average price of $49.56 and a 200-day moving average price of $47.19. The company has a current ratio of 1.17, a quick ratio of 0.96 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $139.66 billion, a PE ratio of 12.86, a PEG ratio of 0.36 and a beta of 0.92.

TotalEnergies (NYSE:TTE) last issued its earnings results on Thursday, October 28th. The company reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.12. The company had revenue of $54.73 billion during the quarter. TotalEnergies had a return on equity of 11.36% and a net margin of 6.04%. On average, equities analysts anticipate that TotalEnergies SE will post 6.56 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 25th. Investors of record on Friday, December 31st will be issued a dividend of $0.551 per share. This represents a $2.20 annualized dividend and a yield of 4.19%. The ex-dividend date is Thursday, December 30th. TotalEnergies’s dividend payout ratio is presently 54.32%.

Hedge funds have recently modified their holdings of the stock. Martin Capital Partners LLC purchased a new stake in TotalEnergies in the 4th quarter worth approximately $2,940,000. Vigilant Capital Management LLC bought a new position in shares of TotalEnergies in the 4th quarter worth approximately $23,365,000. Finally, Marshall Wace LLP bought a new position in shares of TotalEnergies in the 1st quarter worth approximately $169,000. Institutional investors own 5.58% of the company’s stock.

TotalEnergies Company Profile (NYSE:TTE)

TotalEnergies SE engages in the exploration and production of fuels, natural gas and low carbon electricity. It operates through the following business segments: Exploration & Production; Integrated Gas, Renewables & Power; Refining & Chemicals and Marketing & Services. The Exploration & Production segment encompasses oil and natural gas exploration and production activities.

Further Reading: Shanghai Stock Exchange Composite Index

Receive News & Ratings for TotalEnergies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TotalEnergies and related companies with MarketBeat.com's FREE daily email newsletter.