TotalEnergies SE (NYSE:TTE) Receives $62.74 Consensus PT from Analysts

TotalEnergies SE (NYSE:TTEGet Rating) has been given a consensus recommendation of “Hold” by the seventeen analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $62.74.

Several equities research analysts have weighed in on TTE shares. Deutsche Bank Aktiengesellschaft increased their price target on TotalEnergies from €51.30 ($52.35) to €54.90 ($56.02) in a research report on Tuesday, November 1st. Cowen cut their price target on TotalEnergies from $58.00 to $56.00 in a research report on Friday, September 30th. Cowen cut their price target on TotalEnergies from $58.00 to $56.00 and set a “market perform” rating on the stock in a research report on Friday, September 30th. JPMorgan Chase & Co. increased their price target on TotalEnergies from €62.00 ($63.27) to €66.00 ($67.35) in a research report on Thursday, October 13th. Finally, Piper Sandler increased their target price on shares of TotalEnergies from $58.00 to $66.00 and gave the stock a “neutral” rating in a research note on Friday, November 11th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TTE. Stokes Family Office LLC lifted its position in TotalEnergies by 2.9% in the third quarter. Stokes Family Office LLC now owns 6,257 shares of the company’s stock valued at $291,000 after acquiring an additional 178 shares during the last quarter. Global Retirement Partners LLC lifted its position in TotalEnergies by 10.6% in the third quarter. Global Retirement Partners LLC now owns 1,875 shares of the company’s stock valued at $103,000 after acquiring an additional 180 shares during the last quarter. Quadrant Capital Group LLC lifted its position in TotalEnergies by 1.7% in the third quarter. Quadrant Capital Group LLC now owns 10,741 shares of the company’s stock valued at $500,000 after acquiring an additional 182 shares during the last quarter. Cetera Advisors LLC lifted its position in TotalEnergies by 4.2% in the second quarter. Cetera Advisors LLC now owns 4,755 shares of the company’s stock valued at $250,000 after acquiring an additional 193 shares during the last quarter. Finally, Argyle Capital Management Inc. lifted its position in TotalEnergies by 2.0% in the third quarter. Argyle Capital Management Inc. now owns 10,400 shares of the company’s stock valued at $484,000 after acquiring an additional 200 shares during the last quarter. 7.11% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Price Performance

NYSE TTE opened at $60.26 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.18 and a quick ratio of 1.02. The stock’s fifty day moving average price is $52.97 and its 200 day moving average price is $52.82. TotalEnergies has a 1 year low of $44.61 and a 1 year high of $61.15. The company has a market cap of $157.07 billion, a price-to-earnings ratio of 6.89, a PEG ratio of 0.48 and a beta of 0.80.

TotalEnergies (NYSE:TTEGet Rating) last released its earnings results on Thursday, October 27th. The company reported $3.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.91 by ($0.08). TotalEnergies had a net margin of 8.67% and a return on equity of 29.83%. The firm had revenue of $69.04 billion during the quarter. As a group, equities research analysts forecast that TotalEnergies will post 14.41 earnings per share for the current year.

TotalEnergies Announces Dividend

The business also recently declared a None dividend, which will be paid on Wednesday, December 28th. Investors of record on Monday, December 5th will be paid a $0.767 dividend. The ex-dividend date of this dividend is Friday, December 2nd. TotalEnergies’s dividend payout ratio is presently 22.65%.

About TotalEnergies

(Get Rating)

TotalEnergies SE operates as an integrated oil and gas company worldwide. The company operates through four segments: Integrated Gas, Renewables & Power; Exploration & Production; Refining & Chemicals; and Marketing & Services. The Integrated Gas, Renewables & Power segment engages in the liquefied natural gas production, shipping, trading, and regasification activities; trading of liquefied petroleum gas (LPG), petcoke and sulfur, natural gas, and electricity; transportation of natural gas; electricity production from natural gas, wind, solar, hydroelectric, and biogas sources; energy storage activities; and development and operation of biomethane production units, as well as provides energy efficiency services.

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Analyst Recommendations for TotalEnergies (NYSE:TTE)

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