TotalEnergies (NYSE:TTE) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of TotalEnergies (NYSE:TTE) from a buy rating to a hold rating in a report published on Sunday morning.

TTE has been the topic of a number of other research reports. TD Cowen upped their price objective on TotalEnergies from $102.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Piper Sandler reiterated a “neutral” rating and issued a $85.00 target price on shares of TotalEnergies in a report on Thursday, July 23rd. Morgan Stanley reissued an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. CICC Research initiated coverage on TotalEnergies in a report on Tuesday, June 23rd. They set an “outperform” rating on the stock. Finally, Weiss Ratings raised TotalEnergies from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Eleven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, TotalEnergies has a consensus rating of “Moderate Buy” and an average price target of $87.14.

TotalEnergies Trading Down 0.7%

NYSE TTE opened at $88.76 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.85 and a current ratio of 1.06. The firm has a market cap of $212.81 billion, a price-to-earnings ratio of 11.11, a PEG ratio of 3.15 and a beta of 0.14. The firm has a 50 day simple moving average of $83.25 and a 200-day simple moving average of $85.24. TotalEnergies has a one year low of $57.39 and a one year high of $94.17.

TotalEnergies (NYSE:TTE) last announced its earnings results on Tuesday, June 30th. The company reported $2.68 earnings per share for the quarter. The firm had revenue of $57.10 billion for the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. Equities research analysts anticipate that TotalEnergies will post 10.65 EPS for the current fiscal year.

Institutional Trading of TotalEnergies

A number of hedge funds and other institutional investors have recently bought and sold shares of TTE. Robinswood Financial LLC purchased a new stake in TotalEnergies during the first quarter worth approximately $27,000. Pin Oak Investment Advisors Inc. purchased a new position in TotalEnergies in the second quarter valued at approximately $30,000. Elyxium Wealth LLC acquired a new stake in TotalEnergies during the fourth quarter worth approximately $33,000. SHP Wealth Management acquired a new stake in TotalEnergies during the fourth quarter worth approximately $37,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of TotalEnergies during the 4th quarter worth approximately $38,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

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.