TotalEnergies SE Sponsored ADR (NYSE:TTE) Receives Consensus Rating of “Moderate Buy” from Brokerages

TotalEnergies SE Sponsored ADR (NYSE:TTE) has earned a consensus recommendation of “Moderate Buy” from the eighteen research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $84.3333.

Several research analysts have recently weighed in on TTE shares. Weiss Ratings upgraded shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Freedom Capital cut shares of TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, February 13th. JPMorgan Chase & Co. upgraded shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a research note on Monday, March 2nd. BNP Paribas Exane upgraded shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. Finally, Citigroup reiterated a “buy” rating on shares of TotalEnergies in a research note on Thursday, February 12th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of TTE. YANKCOM Partnership lifted its stake in shares of TotalEnergies by 146.8% during the 4th quarter. YANKCOM Partnership now owns 390 shares of the company’s stock valued at $25,000 after buying an additional 232 shares in the last quarter. MH & Associates Securities Management Corp ADV purchased a new position in shares of TotalEnergies during the 4th quarter valued at $29,000. Lodestone Wealth Management LLC purchased a new position in shares of TotalEnergies during the 4th quarter valued at $32,000. Elyxium Wealth LLC purchased a new position in shares of TotalEnergies during the 4th quarter valued at $33,000. Finally, Colonial Trust Advisors lifted its stake in shares of TotalEnergies by 212.6% during the 3rd quarter. Colonial Trust Advisors now owns 619 shares of the company’s stock valued at $37,000 after buying an additional 421 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Trading Down 3.6%

NYSE:TTE opened at $86.81 on Thursday. 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 has a 12 month low of $57.39 and a 12 month high of $94.17. The company has a market cap of $208.15 billion, a PE ratio of 12.86, a price-to-earnings-growth ratio of 3.20 and a beta of 0.14. The company has a 50 day simple moving average of $90.41 and a two-hundred day simple moving average of $77.11.

TotalEnergies (NYSE:TTE) last posted its 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 net margin of 7.43% and a return on equity of 14.01%. The business had revenue of $49.52 billion during the quarter, compared to the consensus estimate of $44.58 billion. Research analysts forecast that TotalEnergies will post 10.58 earnings per share for the current year.

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.