TotalEnergies (NYSE:TTE) Hits New 1-Year High – Should You Buy?

TotalEnergies SE Sponsored ADR (NYSE:TTE) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $94.17 and last traded at $93.8940, with a volume of 493065 shares trading hands. The stock had previously closed at $92.28.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TTE shares. Wolfe Research reiterated an “outperform” rating and issued a $83.00 price objective on shares of TotalEnergies in a research note on Wednesday, January 21st. JPMorgan Chase & Co. upgraded shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a research note on Monday, March 2nd. Kepler Capital Markets upgraded shares of TotalEnergies from a “reduce” rating to a “hold” rating in a research note on Thursday, April 23rd. Freedom Capital cut shares of TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, February 13th. Finally, Citigroup reiterated a “buy” rating on shares of TotalEnergies in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, TotalEnergies currently has an average rating of “Moderate Buy” and a consensus target price of $84.33.

TotalEnergies Trading Up 1.1%

The company has a market capitalization of $223.61 billion, a P/E ratio of 13.82, a PEG ratio of 3.28 and a beta of 0.14. The stock has a fifty day moving average of $88.67 and a 200 day moving average of $75.43. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 1.08.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. The business had revenue of $49.52 billion during the quarter, compared to analyst estimates of $44.58 billion. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. As a group, equities research analysts anticipate that TotalEnergies SE Sponsored ADR will post 10.59 EPS for the current fiscal year.

Institutional Investors Weigh In On TotalEnergies

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Empowered Funds LLC raised its holdings in TotalEnergies by 8.2% during the first quarter. Empowered Funds LLC now owns 57,038 shares of the company’s stock valued at $5,189,000 after acquiring an additional 4,300 shares during the period. Evelyn Partners Investment Management LLP raised its holdings in TotalEnergies by 2.7% during the first quarter. Evelyn Partners Investment Management LLP now owns 350,023 shares of the company’s stock valued at $32,719,000 after acquiring an additional 9,146 shares during the period. Evelyn Partners Investment Management Services Ltd raised its holdings in TotalEnergies by 38.9% during the first quarter. Evelyn Partners Investment Management Services Ltd now owns 24,581 shares of the company’s stock valued at $2,298,000 after acquiring an additional 6,886 shares during the period. Quantinno Capital Management LP raised its holdings in TotalEnergies by 20.2% during the first quarter. Quantinno Capital Management LP now owns 297,798 shares of the company’s stock valued at $27,196,000 after acquiring an additional 50,040 shares during the period. Finally, Lazard Asset Management LLC raised its holdings in TotalEnergies by 30.2% during the first quarter. Lazard Asset Management LLC now owns 2,659,978 shares of the company’s stock valued at $248,722,000 after acquiring an additional 616,387 shares during the period. 16.53% of the stock is owned by institutional investors.

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.