TotalEnergies (NYSE:TTE) Stock Rating Raised to “Strong-Buy” at Wall Street Zen

TotalEnergies (NYSE:TTE) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Saturday, Wall Street Zen reports.

TTE has been the subject of several other research reports. Weiss Ratings restated a “buy (b)” rating on shares of TotalEnergies in a report on Thursday, October 22nd. Piper Sandler boosted their target price on TotalEnergies from $84.00 to $93.00 and gave the company a “neutral” rating in a research note on Thursday, September 3rd. Mizuho set a $108.00 target price on shares of TotalEnergies in a research report on Friday, October 16th. TD Cowen lowered their target price on shares of TotalEnergies from $108.00 to $105.00 and set a “buy” rating for the company in a report on Tuesday, October 13th. Finally, HSBC raised shares of TotalEnergies from a “hold” rating to a “buy” rating in a report on Friday, September 25th. 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 given a Sell rating to the company. Based on data from MarketBeat, TotalEnergies currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.00.

TotalEnergies Stock Down 0.9%

NYSE TTE opened at $87.97 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.89 and a current ratio of 1.11. The company has a market capitalization of $210.91 billion, a P/E ratio of 8.52 and a beta of 0.14. The stock has a 50 day moving average price of $89.78 and a 200-day moving average price of $85.67. TotalEnergies has a one year low of $61.63 and a one year high of $95.78.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Friday, October 30th. The company reported $4.03 earnings per share for the quarter, beating the consensus estimate of $3.84 by $0.19. TotalEnergies had a net margin of 9.61% and a return on equity of 19.08%. The business had revenue of $61.86 billion during the quarter, compared to analysts’ expectations of $55.39 billion. As a group, equities analysts predict that TotalEnergies will post 12.72 EPS for the current fiscal year.

Institutional Trading of TotalEnergies

Several large investors have recently added to or reduced their stakes in TTE. Diversified Trust Co boosted its stake in TotalEnergies by 4.9% in the third quarter. Diversified Trust Co now owns 3,517 shares of the company’s stock valued at $301,000 after acquiring an additional 164 shares in the last quarter. Financial Freedom LLC acquired a new position in shares of TotalEnergies in the third quarter worth about $61,000. Compass Capital Management Inc. acquired a new stake in TotalEnergies in the 3rd quarter valued at about $299,000. Allworth Financial LP increased its stake in TotalEnergies by 3.5% during the third quarter. Allworth Financial LP now owns 6,346 shares of the company’s stock valued at $493,000 after acquiring an additional 212 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in TotalEnergies by 11.2% during the third quarter. Russell Investments Group Ltd. now owns 3,375,097 shares of the company’s stock valued at $290,482,000 after purchasing an additional 339,204 shares during the period. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Company Profile

TotalEnergies SE is a France-based integrated energy company with operations spanning the oil and natural gas value chain. Its activities include exploring for and producing hydrocarbons, processing and refining them, and supplying energy products to customers.

The company also markets natural gas, including liquefied natural gas, and operates in electricity generation and renewable energy. Its portfolio includes solar and wind power, as well as energy storage and related services.

Founded in 1924 as Compagnie française des pétroles, the company has expanded and evolved through acquisitions and business changes.