TotalEnergies SE Sponsored ADR (NYSE:TTE) Stock Has Average Target Price of $92.00 According to Brokerages

Shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) have been given a consensus rating of “Hold” by the seventeen analysts that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $92.00.

A number of equities research analysts have recently issued reports on the company. Mizuho initiated coverage on TotalEnergies in a research note on Monday, July 20th. They set an “outperform” rating and a $103.00 price objective on the stock. TD Cowen upped their price target on shares of TotalEnergies from $102.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. CICC Research started coverage on shares of TotalEnergies in a research report on Tuesday, June 23rd. They issued an “outperform” rating for the company. Morgan Stanley set a $90.00 price objective on shares of TotalEnergies and gave the stock an “equal weight” rating in a research note on Thursday, September 3rd. Finally, Piper Sandler upped their target price on shares of TotalEnergies from $84.00 to $93.00 and gave the company a “neutral” rating in a report on Thursday, September 3rd.

TotalEnergies Price Performance

Shares of NYSE TTE opened at $84.33 on Wednesday. The stock has a market capitalization of $202.20 billion, a price-to-earnings ratio of 10.55, a PEG ratio of 2.73 and a beta of 0.18. The business has a 50-day moving average of $88.60 and a 200-day moving average of $87.43. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.06 and a quick ratio of 0.85. TotalEnergies has a fifty-two week low of $57.39 and a fifty-two week high of $94.17.

TotalEnergies (NYSE:TTE) last released its earnings results on Tuesday, June 30th. The company reported $2.68 earnings per share (EPS) for the quarter. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%.The business had revenue of $57.10 billion for the quarter. As a group, sell-side analysts predict that TotalEnergies will post 11.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TotalEnergies

A number of institutional investors have recently made changes to their positions in TTE. Robinswood Financial LLC bought a new position in shares of TotalEnergies during the 1st quarter valued at approximately $27,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of TotalEnergies in the 2nd quarter worth approximately $30,000. Maseco LLP lifted its stake in TotalEnergies by 119.9% in the first quarter. Maseco LLP now owns 420 shares of the company’s stock valued at $38,000 after purchasing an additional 229 shares during the last quarter. Cassaday & Co Wealth Management LLC purchased a new position in TotalEnergies in the first quarter valued at approximately $39,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in TotalEnergies during the first quarter valued at $50,000. Institutional investors own 16.53% of the company’s stock.

About TotalEnergies

TotalEnergies SE is a France-based, integrated energy company that produces and markets oil, natural gas, liquefied natural gas (LNG), electricity and low-carbon energy. Its operations span the energy value chain, including exploration and production, refining, petrochemicals, fuel distribution, lubricants, and energy trading.

The company is also expanding its renewable and electricity businesses, with activities in solar and wind power, battery storage, electric-vehicle charging and other lower-carbon energy solutions.