TotalEnergies SE Sponsored ADR (NYSE:TTE) Receives Average Rating of “Hold” from Analysts

Shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) have been assigned an average recommendation of “Hold” from the seventeen research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $84.3333.

TTE has been the subject of a number of research analyst reports. Wall Street Zen upgraded TotalEnergies from a “hold” rating to a “buy” rating in a report on Saturday. Scotiabank upped their price target on TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Piper Sandler boosted their price target on TotalEnergies from $74.00 to $92.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. Morgan Stanley restated an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. Finally, Zacks Research lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th.

Hedge Funds Weigh In On TotalEnergies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Western Wealth Management LLC acquired a new stake in shares of TotalEnergies during the 1st quarter valued at about $418,000. Robinswood Financial LLC acquired a new stake in shares of TotalEnergies during the 1st quarter valued at about $27,000. Parallel Advisors LLC boosted its position in shares of TotalEnergies by 11.7% during the 1st quarter. Parallel Advisors LLC now owns 8,356 shares of the company’s stock valued at $760,000 after acquiring an additional 876 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of TotalEnergies by 6.9% during the 1st quarter. NewEdge Advisors LLC now owns 46,850 shares of the company’s stock valued at $4,262,000 after acquiring an additional 3,042 shares in the last quarter. Finally, First Nebraska Trust Co acquired a new stake in shares of TotalEnergies during the 1st quarter valued at about $428,000. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Price Performance

NYSE TTE opened at $80.47 on Monday. TotalEnergies has a 1 year low of $57.39 and a 1 year high of $94.17. The company has a market cap of $192.95 billion, a P/E ratio of 11.92, a P/E/G ratio of 2.73 and a beta of 0.12. The company has a fifty day simple moving average of $89.34 and a 200 day simple moving average of $79.76. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41.

TotalEnergies (NYSE:TTE) last issued 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. 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. On average, sell-side analysts predict that TotalEnergies will post 11.09 EPS for the current year.

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.