Dbs Bank Downgrades TotalEnergies (NYSE:TTE) to Hold

TotalEnergies (NYSE:TTE) was downgraded by stock analysts at Dbs Bank from a “moderate buy” rating to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

A number of other research firms have also recently weighed in on TTE. Berenberg Bank cut shares of TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 price target on the stock. in a research note on Thursday, September 25th. Scotiabank upped their target price on shares of TotalEnergies from $65.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TotalEnergies in a report on Wednesday, October 8th. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “hold” rating in a research note on Tuesday, September 23rd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of TotalEnergies in a research note on Tuesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, TotalEnergies has a consensus rating of “Moderate Buy” and a consensus target price of $66.76.

TotalEnergies Stock Performance

TTE traded up $1.13 during trading on Thursday, reaching $62.24. The company’s stock had a trading volume of 743,815 shares, compared to its average volume of 1,595,257. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00. The company’s fifty day moving average price is $61.11 and its 200-day moving average price is $60.82. TotalEnergies has a 52-week low of $52.78 and a 52-week high of $65.76. The company has a market capitalization of $149.22 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 1.50 and a beta of 0.50.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Thursday, October 30th. The company reported $1.77 EPS for the quarter, missing the consensus estimate of $1.81 by ($0.04). TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. The business had revenue of $43.84 billion during the quarter, compared to analyst estimates of $43.66 billion. On average, equities analysts forecast that TotalEnergies will post 8.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TotalEnergies

A number of large investors have recently bought and sold shares of the stock. First Horizon Corp purchased a new stake in shares of TotalEnergies in the third quarter valued at $25,000. Grey Fox Wealth Advisors LLC acquired a new position in TotalEnergies in the 3rd quarter valued at about $29,000. NewSquare Capital LLC lifted its holdings in TotalEnergies by 141.5% in the 2nd quarter. NewSquare Capital LLC now owns 495 shares of the company’s stock valued at $30,000 after purchasing an additional 290 shares in the last quarter. Costello Asset Management INC acquired a new stake in shares of TotalEnergies during the 1st quarter worth about $32,000. Finally, Trust Co. of Toledo NA OH purchased a new stake in shares of TotalEnergies during the second quarter worth about $34,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Company Profile

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.