TotalEnergies SE (NYSE:TTE) Receives $69.42 Average Price Target from Brokerages

Shares of TotalEnergies SE (NYSE:TTE) have been assigned a consensus rating of “Moderate Buy” from the twelve analysts that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $69.42.

A number of equities research analysts recently commented on the company. Citigroup raised TotalEnergies from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 26th. Scotiabank dropped their price target on shares of TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating on the stock in a research report on Friday, April 11th. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. BNP Paribas upgraded TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 15th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $64.10 price target (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th.

TotalEnergies Stock Up 1.1 %

Shares of NYSE TTE opened at $59.32 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. The company has a 50-day moving average price of $60.43 and a 200-day moving average price of $59.84. The stock has a market capitalization of $142.23 billion, a P/E ratio of 8.91, a P/E/G ratio of 0.98 and a beta of 0.45. TotalEnergies has a 1 year low of $52.78 and a 1 year high of $74.97.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. On average, equities research analysts forecast that TotalEnergies will post 8.02 EPS for the current fiscal year.

Institutional Trading of TotalEnergies

Several hedge funds have recently made changes to their positions in TTE. Park Place Capital Corp raised its stake in TotalEnergies by 2.8% in the 1st quarter. Park Place Capital Corp now owns 10,351 shares of the company’s stock valued at $670,000 after acquiring an additional 280 shares during the period. PDS Planning Inc lifted its stake in shares of TotalEnergies by 25.8% during the 1st quarter. PDS Planning Inc now owns 7,679 shares of the company’s stock valued at $497,000 after buying an additional 1,574 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of TotalEnergies by 7.7% during the 1st quarter. Sequoia Financial Advisors LLC now owns 16,790 shares of the company’s stock valued at $1,086,000 after buying an additional 1,206 shares in the last quarter. Value Partners Investments Inc. bought a new position in TotalEnergies in the 1st quarter worth approximately $8,226,000. Finally, Phillips Wealth Planners LLC raised its holdings in TotalEnergies by 61.7% during the 1st quarter. Phillips Wealth Planners LLC now owns 12,114 shares of the company’s stock valued at $784,000 after acquiring an additional 4,624 shares during the period. 16.53% of the stock is currently owned by institutional investors.

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.