Analysts Set TotalEnergies SE (NYSE:TTE) Target Price at $70.75

TotalEnergies SE (NYSE:TTE) has been assigned a consensus recommendation of “Hold” from the six research firms that are currently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation. The average 12 month price objective among analysts that have covered the stock in the last year is $70.75.

TTE has been the subject of several analyst reports. Scotiabank increased their price objective on shares of TotalEnergies from $74.00 to $86.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Piper Sandler lifted their price target on TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a report on Thursday, April 18th.

TotalEnergies Stock Up 0.1 %

TTE stock opened at $68.65 on Wednesday. The stock’s 50 day moving average is $70.53 and its 200-day moving average is $68.34. TotalEnergies has a twelve month low of $54.94 and a twelve month high of $74.97. The firm has a market capitalization of $162.11 billion, a PE ratio of 7.75, a P/E/G ratio of 1.66 and a beta of 0.64. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.31.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Friday, April 26th. The company reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.96 by $0.18. The firm had revenue of $56.28 billion for the quarter, compared to the consensus estimate of $59.64 billion. TotalEnergies had a net margin of 9.52% and a return on equity of 18.30%. Sell-side analysts expect that TotalEnergies will post 9.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Rhumbline Advisers grew its holdings in TotalEnergies by 2.7% during the third quarter. Rhumbline Advisers now owns 36,904 shares of the company’s stock valued at $2,427,000 after purchasing an additional 955 shares during the period. Northern Trust Corp grew its stake in shares of TotalEnergies by 1.4% during the 3rd quarter. Northern Trust Corp now owns 1,125,812 shares of the company’s stock worth $74,033,000 after acquiring an additional 15,046 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in TotalEnergies by 21.5% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 99,269 shares of the company’s stock worth $6,528,000 after acquiring an additional 17,594 shares during the last quarter. Synovus Financial Corp raised its stake in TotalEnergies by 2.6% in the 3rd quarter. Synovus Financial Corp now owns 82,253 shares of the company’s stock valued at $5,409,000 after acquiring an additional 2,101 shares during the period. Finally, Private Advisory Group LLC purchased a new stake in TotalEnergies during the third quarter valued at about $2,762,000. 13.22% of the stock is 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.