TotalEnergies (NYSE:TTE) Rating Increased to Outperform at Sanford C. Bernstein

TotalEnergies (NYSE:TTE) was upgraded by stock analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating in a report released on Monday, Marketbeat.com reports.

Several other research analysts also recently weighed in on TTE. HSBC restated a “buy” rating on shares of TotalEnergies in a research note on Tuesday, May 13th. BNP Paribas upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 15th. Morgan Stanley upgraded TotalEnergies from an “equal weight” rating to an “overweight” rating and set a $60.80 price target on the stock in a research note on Monday, May 12th. Scotiabank dropped their price target on TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating on the stock in a research note on Friday, April 11th. Finally, Piper Sandler boosted their price target on TotalEnergies from $62.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, May 13th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, TotalEnergies presently has a consensus rating of “Moderate Buy” and an average price target of $69.36.

TotalEnergies Stock Up 2.1%

Shares of TTE stock opened at $63.86 on Monday. TotalEnergies has a 1-year low of $52.78 and a 1-year high of $71.03. The stock’s fifty day moving average price is $58.93 and its 200 day moving average price is $58.93. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.07 and a quick ratio of 0.86. The company has a market cap of $153.11 billion, a price-to-earnings ratio of 10.75, a price-to-earnings-growth ratio of 1.30 and a beta of 0.56.

TotalEnergies (NYSE:TTE) last announced its earnings results on Wednesday, April 30th. The company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.05). TotalEnergies had a return on equity of 14.47% and a net margin of 6.60%. The business had revenue of $47.90 billion for the quarter, compared to analysts’ expectations of $41.23 billion. During the same quarter last year, the firm earned $2.14 earnings per share. On average, research analysts expect that TotalEnergies will post 8.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TotalEnergies

Institutional investors and hedge funds have recently modified their holdings of the stock. Financial Management Professionals Inc. lifted its holdings in shares of TotalEnergies by 65.8% in the 1st quarter. Financial Management Professionals Inc. now owns 484 shares of the company’s stock valued at $31,000 after buying an additional 192 shares during the period. Inlight Wealth Management LLC acquired a new position in TotalEnergies in the 1st quarter worth about $32,000. Costello Asset Management INC acquired a new position in TotalEnergies in the 1st quarter worth about $32,000. SouthState Corp raised its holdings in TotalEnergies by 126.1% in the 1st quarter. SouthState Corp now owns 572 shares of the company’s stock worth $37,000 after purchasing an additional 319 shares during the period. Finally, Bernard Wealth Management Corp. acquired a new position in TotalEnergies in the 4th quarter worth about $32,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Company Profile

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.