TotalEnergies (NYSE:TTE) Downgraded to “Hold” Rating by Hsbc Global Res

Hsbc Global Res cut shares of TotalEnergies (NYSE:TTE) from a strong-buy rating to a hold rating in a research report released on Monday morning,Zacks.com reports.

TTE has been the subject of a number of other research reports. Piper Sandler boosted their price target on shares of TotalEnergies from $69.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday, November 10th. Loop Capital set a $73.00 target price on shares of TotalEnergies in a report on Monday, November 3rd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of TotalEnergies in a research report on Tuesday, September 30th. Dbs Bank lowered TotalEnergies from a “moderate buy” rating to a “hold” rating in a report on Thursday, November 6th. Finally, Scotiabank increased their price objective on TotalEnergies from $65.00 to $67.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $66.96.

TotalEnergies Stock Performance

Shares of TTE opened at $65.70 on Monday. TotalEnergies has a one year low of $52.78 and a one year high of $66.17. The company has a market cap of $157.53 billion, a PE ratio of 11.92, a P/E/G ratio of 1.50 and a beta of 0.50. The stock has a 50-day moving average of $62.12 and a 200-day moving average of $61.55. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.00 and a quick ratio of 0.81.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Monday, November 3rd. The company reported $1.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($0.04). The firm had revenue of $87.69 billion during the quarter, compared to the consensus estimate of $43.66 billion. TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%. On average, equities research analysts predict that TotalEnergies will post 8.02 EPS for the current fiscal year.

Institutional Trading of TotalEnergies

A number of institutional investors and hedge funds have recently modified their holdings of TTE. First Horizon Corp bought a new position in TotalEnergies in the 3rd quarter valued at $25,000. Grey Fox Wealth Advisors LLC bought a new stake in shares of TotalEnergies during the 3rd quarter worth $29,000. NewSquare Capital LLC boosted its holdings in shares of TotalEnergies by 141.5% in the 2nd quarter. NewSquare Capital LLC now owns 495 shares of the company’s stock worth $30,000 after buying an additional 290 shares during the last quarter. Costello Asset Management INC bought a new position in TotalEnergies during the first quarter valued at about $32,000. Finally, Trust Co. of Toledo NA OH purchased a new stake in TotalEnergies during the second quarter worth about $34,000. 16.53% of the stock is owned by hedge funds and other institutional investors.

About TotalEnergies

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.