TotalEnergies SE Sponsored ADR (NYSE:TTE) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) have been given a consensus rating of “Hold” by the fifteen analysts that are currently covering the firm, Marketbeat.com reports. Ten analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $66.96.

Several research analysts recently weighed in on TTE shares. Scotiabank increased their target price on TotalEnergies from $65.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 9th. JPMorgan Chase & Co. lowered TotalEnergies from an “overweight” rating to a “neutral” rating in a research note on Friday, December 5th. Dbs Bank lowered TotalEnergies from a “moderate buy” rating to a “hold” rating in a research note on Thursday, November 6th. Royal Bank Of Canada reiterated an “outperform” rating on shares of TotalEnergies in a report on Tuesday, September 30th. Finally, Berenberg Bank lowered shares of TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 price target on the stock. in a report on Thursday, September 25th.

TotalEnergies Price Performance

TTE opened at $65.51 on Friday. TotalEnergies has a 1 year low of $52.78 and a 1 year high of $66.92. The company’s 50 day simple moving average is $64.16 and its 200 day simple moving average is $62.39. The stock has a market capitalization of $157.07 billion, a PE ratio of 10.58, a P/E/G ratio of 3.47 and a beta of 0.22. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.82 and a current ratio of 1.01.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Monday, November 3rd. The company reported $1.77 EPS for the quarter, missing the consensus estimate of $1.81 by ($0.04). The company had revenue of $87.69 billion for the quarter, compared to analyst estimates of $43.66 billion. TotalEnergies had a return on equity of 13.54% and a net margin of 6.98%. As a group, sell-side analysts expect that TotalEnergies will post 8.02 EPS for the current year.

Hedge Funds Weigh In On TotalEnergies

Several hedge funds and other institutional investors have recently made changes to their positions in TTE. Goldman Sachs Group Inc. increased its holdings in TotalEnergies by 53.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,232,525 shares of the company’s stock valued at $209,112,000 after purchasing an additional 1,119,406 shares in the last quarter. Alyeska Investment Group L.P. lifted its stake in shares of TotalEnergies by 287.2% during the first quarter. Alyeska Investment Group L.P. now owns 1,247,765 shares of the company’s stock worth $80,718,000 after purchasing an additional 925,541 shares in the last quarter. Bank of America Corp DE boosted its position in shares of TotalEnergies by 10.0% in the second quarter. Bank of America Corp DE now owns 9,802,968 shares of the company’s stock worth $601,804,000 after buying an additional 888,574 shares during the period. JPMorgan Chase & Co. grew its stake in shares of TotalEnergies by 24.5% in the third quarter. JPMorgan Chase & Co. now owns 2,803,259 shares of the company’s stock valued at $167,327,000 after buying an additional 552,414 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in shares of TotalEnergies by 220.3% in the second quarter. First Trust Advisors LP now owns 680,494 shares of the company’s stock valued at $41,776,000 after buying an additional 468,053 shares in the last quarter. Institutional investors and hedge funds own 16.53% of the company’s stock.

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.