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

TotalEnergies (NYSE:TTE) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

TTE has been the subject of a number of other reports. Piper Sandler lifted their price objective on shares of TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a report on Thursday, March 12th. Weiss Ratings raised TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Morgan Stanley restated an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. BNP Paribas Exane raised TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. Finally, TD Cowen reiterated a “buy” rating on shares of TotalEnergies in a report on Monday, April 20th. Ten research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $84.33.

TotalEnergies Trading Up 0.1%

Shares of TTE opened at $76.73 on Friday. The firm’s 50 day simple moving average is $86.97 and its 200 day simple moving average is $80.51. The company has a market capitalization of $183.99 billion, a P/E ratio of 11.37, a P/E/G ratio of 2.57 and a beta of 0.14. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.85. TotalEnergies has a 1-year low of $57.39 and a 1-year high of $94.17.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. The business had revenue of $49.52 billion during the quarter, compared to analysts’ expectations of $44.58 billion. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. Sell-side analysts forecast that TotalEnergies will post 11.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TotalEnergies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Robinswood Financial LLC purchased a new position in TotalEnergies in the 1st quarter worth approximately $27,000. YANKCOM Partnership boosted its stake in shares of TotalEnergies by 146.8% during the fourth quarter. YANKCOM Partnership now owns 390 shares of the company’s stock valued at $25,000 after purchasing an additional 232 shares during the period. Maseco LLP boosted its stake in shares of TotalEnergies by 119.9% during the first quarter. Maseco LLP now owns 420 shares of the company’s stock valued at $38,000 after purchasing an additional 229 shares during the period. Cassaday & Co Wealth Management LLC bought a new position in shares of TotalEnergies in the first quarter worth approximately $39,000. Finally, MH & Associates Securities Management Corp ADV bought a new position in shares of TotalEnergies in the fourth quarter worth approximately $29,000. 16.53% of the stock is currently owned by institutional investors.

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.