TotalEnergies (NYSE:TTE) Raised to “Buy” at Wall Street Zen

TotalEnergies (NYSE:TTE) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

TTE has been the topic of a number of other research reports. BNP Paribas Exane raised TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. TD Cowen reaffirmed a “buy” rating on shares of TotalEnergies in a research report on Monday, April 20th. Morgan Stanley reaffirmed an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. JPMorgan Chase & Co. upgraded shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a report on Monday, March 2nd. Finally, Kepler Capital Markets raised shares of TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. Nine 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 MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $84.33.

TotalEnergies Stock Performance

TTE opened at $80.47 on Friday. The business’s 50-day moving average price is $89.34 and its two-hundred day moving average price is $79.66. TotalEnergies has a 1 year low of $57.39 and a 1 year high of $94.17. The company has a market capitalization of $192.95 billion, a price-to-earnings ratio of 11.92, a P/E/G ratio of 2.73 and a beta of 0.12. 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 (NYSE:TTE) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. The company had revenue of $49.52 billion for the quarter, compared to analyst estimates of $44.58 billion. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%. Equities analysts expect that TotalEnergies will post 11.09 EPS for the current fiscal year.

Institutional Trading of TotalEnergies

Large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its stake in shares of TotalEnergies by 151.0% during the 1st quarter. AQR Capital Management LLC now owns 67,461 shares of the company’s stock worth $4,364,000 after purchasing an additional 40,586 shares during the last quarter. Empowered Funds LLC lifted its stake in TotalEnergies by 2.1% in the 1st quarter. Empowered Funds LLC now owns 40,988 shares of the company’s stock valued at $2,652,000 after purchasing an additional 835 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in TotalEnergies by 17.7% during the second quarter. Sivia Capital Partners LLC now owns 5,136 shares of the company’s stock worth $315,000 after purchasing an additional 774 shares during the period. Russell Investments Group Ltd. grew its holdings in TotalEnergies by 14.9% during the second quarter. Russell Investments Group Ltd. now owns 24,274 shares of the company’s stock worth $1,490,000 after purchasing an additional 3,151 shares during the period. Finally, Invesco Ltd. grew its holdings in TotalEnergies by 7.3% during the second quarter. Invesco Ltd. now owns 198,215 shares of the company’s stock worth $12,168,000 after purchasing an additional 13,536 shares during the period. 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.