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

Shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) have been assigned a consensus recommendation of “Moderate Buy” from the eighteen research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, ten have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $80.9714.

TTE has been the topic of several research analyst reports. Wolfe Research restated an “outperform” rating and set a $83.00 target price on shares of TotalEnergies in a report on Wednesday, January 21st. Citigroup restated a “buy” rating on shares of TotalEnergies in a report on Thursday, February 12th. JPMorgan Chase & Co. upgraded shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a report on Monday, March 2nd. Freedom Capital downgraded shares of TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a report on Friday, February 13th. Finally, Zacks Research upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Monday, March 30th.

Hedge Funds Weigh In On TotalEnergies

Hedge funds and other institutional investors have recently made changes to their positions in the company. First Horizon Corp bought a new position in shares of TotalEnergies in the third quarter valued at $25,000. YANKCOM Partnership grew its stake in shares of TotalEnergies by 146.8% in the fourth quarter. YANKCOM Partnership now owns 390 shares of the company’s stock valued at $25,000 after buying an additional 232 shares in the last quarter. Grey Fox Wealth Advisors LLC bought a new position in shares of TotalEnergies in the third quarter valued at $29,000. MH & Associates Securities Management Corp ADV bought a new position in shares of TotalEnergies in the fourth quarter valued at $29,000. Finally, Lodestone Wealth Management LLC bought a new position in shares of TotalEnergies in the fourth quarter valued at $32,000. 16.53% of the stock is owned by institutional investors.

TotalEnergies Stock Performance

TotalEnergies stock opened at $88.55 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41. TotalEnergies has a 1 year low of $57.26 and a 1 year high of $93.67. The company has a market cap of $212.31 billion, a PE ratio of 13.12, a PEG ratio of 3.05 and a beta of 0.14. The company’s 50-day moving average is $87.25 and its two-hundred day moving average is $74.20.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.23. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. The business had revenue of $49.52 billion for the quarter, compared to analyst estimates of $44.58 billion. Equities analysts anticipate that TotalEnergies will post 10.92 earnings per share for the current year.

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.