TotalEnergies SE Sponsored ADR (NYSE:TTE) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) have been given an average rating of “Moderate Buy” by the nineteen ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and eleven have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $87.1429.

A number of research firms have recently commented on TTE. Morgan Stanley reissued an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. Weiss Ratings raised shares of TotalEnergies from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 24th. Mizuho started coverage on shares of TotalEnergies in a research note on Monday, July 20th. They set an “outperform” rating and a $103.00 price target on the stock. Kepler Capital Markets upgraded shares of TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. Finally, BNP Paribas Exane raised shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th.

TotalEnergies Price Performance

TTE stock opened at $87.84 on Tuesday. The firm has a market cap of $210.61 billion, a P/E ratio of 10.99, a price-to-earnings-growth ratio of 3.04 and a beta of 0.13. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.85 and a current ratio of 1.06. TotalEnergies has a 1 year low of $57.39 and a 1 year high of $94.17. The stock has a 50-day simple moving average of $83.06 and a 200-day simple moving average of $83.88.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Tuesday, June 30th. The company reported $2.68 EPS for the quarter. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%.The firm had revenue of $57.10 billion for the quarter. On average, equities analysts predict that TotalEnergies will post 10.62 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TTE. MGO One Seven LLC grew its holdings in TotalEnergies by 1.3% during the fourth quarter. MGO One Seven LLC now owns 10,410 shares of the company’s stock valued at $681,000 after purchasing an additional 137 shares during the period. Clear Creek Financial Management LLC raised its holdings in TotalEnergies by 2.4% in the fourth quarter. Clear Creek Financial Management LLC now owns 6,334 shares of the company’s stock worth $414,000 after purchasing an additional 150 shares during the period. Fiduciary Financial Group LLC boosted its position in shares of TotalEnergies by 5.9% during the second quarter. Fiduciary Financial Group LLC now owns 2,767 shares of the company’s stock worth $215,000 after purchasing an additional 154 shares in the last quarter. Financial Management Professionals Inc. grew its holdings in shares of TotalEnergies by 36.0% in the 2nd quarter. Financial Management Professionals Inc. now owns 589 shares of the company’s stock valued at $46,000 after buying an additional 156 shares during the period. Finally, World Investment Advisors increased its position in shares of TotalEnergies by 2.0% in the 1st quarter. World Investment Advisors now owns 8,448 shares of the company’s stock valued at $771,000 after buying an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

About TotalEnergies

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.