Mizuho Begins Coverage on TotalEnergies (NYSE:TTE)

Investment analysts at Mizuho initiated coverage on shares of TotalEnergies (NYSE:TTE) in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. The firm set an “outperform” rating and a $103.00 price target on the stock. Mizuho’s target price indicates a potential upside of 23.50% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. Kepler Capital Markets upgraded shares of TotalEnergies from a “reduce” rating to a “hold” rating in a research note on Thursday, April 23rd. Weiss Ratings upgraded shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Wall Street Zen cut shares of TotalEnergies from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Scotiabank boosted their price target on shares of TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. Eleven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $87.00.

TotalEnergies Stock Up 3.2%

TTE opened at $83.40 on Monday. The stock’s 50 day moving average price is $84.35 and its 200 day moving average price is $81.83. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.85. The stock has a market cap of $199.97 billion, a P/E ratio of 12.36, a P/E/G ratio of 2.88 and a beta of 0.14. TotalEnergies has a 12 month low of $57.39 and a 12 month high of $94.17.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%.The company had revenue of $49.52 billion during the quarter, compared to analyst estimates of $44.58 billion. As a group, research analysts predict that TotalEnergies will post 10.56 earnings per share for the current year.

Hedge Funds Weigh In On TotalEnergies

A number of institutional investors have recently bought and sold shares of the stock. Rosenberg Matthew Hamilton increased its position in shares of TotalEnergies by 6.5% in the second quarter. Rosenberg Matthew Hamilton now owns 4,010 shares of the company’s stock worth $312,000 after acquiring an additional 244 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of TotalEnergies by 10.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 15,800 shares of the company’s stock valued at $1,229,000 after acquiring an additional 1,448 shares in the last quarter. Ballentine Partners LLC boosted its stake in TotalEnergies by 2.7% in the 2nd quarter. Ballentine Partners LLC now owns 14,220 shares of the company’s stock worth $1,106,000 after purchasing an additional 373 shares during the period. Sequoia Financial Advisors LLC boosted its stake in TotalEnergies by 3.4% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 29,900 shares of the company’s stock worth $2,325,000 after purchasing an additional 995 shares during the period. Finally, Crossmark Global Holdings Inc. grew its position in TotalEnergies by 18.0% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 141,779 shares of the company’s stock worth $11,025,000 after purchasing an additional 21,633 shares in the last quarter. Hedge funds and other institutional investors 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.