TotalEnergies SE Sponsored ADR (NYSE:TTE) Given Consensus Recommendation of “Moderate Buy” by Brokerages

TotalEnergies SE Sponsored ADR (NYSE:TTE) has been assigned a consensus recommendation of “Moderate Buy” from the nineteen brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $87.00.

TTE has been the subject of a number of research reports. CICC Research began coverage on TotalEnergies in a research report on Tuesday, June 23rd. They set an “outperform” rating for the company. Weiss Ratings raised TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a report on Friday, May 1st. Scotiabank raised their price objective on TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. BNP Paribas Exane raised TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th. Finally, Wall Street Zen lowered TotalEnergies from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th.

TotalEnergies Trading Up 3.2%

NYSE TTE opened at $83.40 on Friday. TotalEnergies has a 12-month low of $57.39 and a 12-month high of $94.17. The company has a fifty day simple moving average of $84.35 and a two-hundred day simple moving average of $81.83. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41. 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 (NYSE:TTE) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. The firm had revenue of $49.52 billion for the quarter, compared to analyst estimates of $44.58 billion. On average, analysts forecast that TotalEnergies will post 10.56 earnings per share for the current year.

Institutional Trading of TotalEnergies

Several institutional investors and hedge funds have recently bought and sold shares of TTE. Amundi purchased a new position in shares of TotalEnergies during the first quarter worth $18,868,822,000. Vanguard Group Inc. purchased a new stake in TotalEnergies in the fourth quarter valued at $5,337,330,000. Capital International Investors grew its position in TotalEnergies by 1,438.5% during the 4th quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock worth $3,435,988,000 after purchasing an additional 49,245,192 shares during the period. Massachusetts Financial Services Co. MA grew its position in TotalEnergies by 21,398.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 40,380,511 shares of the company’s stock worth $2,641,693,000 after purchasing an additional 40,192,677 shares during the period. Finally, Caisse Des Depots ET Consignations purchased a new position in shares of TotalEnergies during the 4th quarter valued at about $1,982,676,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

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.