TotalEnergies (NYSE:TTE) Downgraded by Wall Street Zen to “Hold”

TotalEnergies (NYSE:TTEGet Free Report) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other research firms also recently weighed in on TTE. Freedom Capital downgraded TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, February 13th. TD Cowen reiterated a “buy” rating on shares of TotalEnergies in a report on Monday, April 20th. Scotiabank upped their price objective on TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Zacks Research downgraded TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of TotalEnergies in a report on Tuesday, May 12th. Ten analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $84.33.

View Our Latest Report on TotalEnergies

TotalEnergies Trading Up 0.2%

TTE stock opened at $87.39 on Friday. The company has a market cap of $209.52 billion, a P/E ratio of 12.95, a PEG ratio of 3.10 and a beta of 0.14. TotalEnergies has a twelve month low of $57.39 and a twelve month high of $94.17. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.41. The business has a fifty day moving average of $90.45 and a 200-day moving average of $77.35.

TotalEnergies (NYSE:TTEGet Free Report) last released its earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. The company had revenue of $49.52 billion during the quarter, compared to the consensus estimate of $44.58 billion. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%. As a group, equities research analysts expect that TotalEnergies will post 10.58 EPS for the current year.

Hedge Funds Weigh In On TotalEnergies

Several institutional investors have recently modified their holdings of TTE. Aberdeen Group plc grew its position in shares of TotalEnergies by 14.5% in the 4th quarter. Aberdeen Group plc now owns 384,040 shares of the company’s stock valued at $25,124,000 after purchasing an additional 48,640 shares during the period. ABN AMRO Bank N.V. acquired a new position in shares of TotalEnergies in the 4th quarter valued at approximately $122,831,000. Assetmark Inc. grew its position in shares of TotalEnergies by 8.1% in the 4th quarter. Assetmark Inc. now owns 246,475 shares of the company’s stock valued at $16,124,000 after purchasing an additional 18,480 shares during the period. Vanguard Group Inc. acquired a new position in shares of TotalEnergies in the 4th quarter valued at approximately $5,337,330,000. Finally, Bank of Italy acquired a new position in shares of TotalEnergies in the 4th quarter valued at approximately $422,957,000. Institutional investors own 16.53% of the company’s stock.

Key TotalEnergies News

Here are the key news stories impacting TotalEnergies this week:

About TotalEnergies

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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.

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