TotalEnergies SE (NYSE:TTE) Receives $80.00 Consensus Target Price from Brokerages

Shares of TotalEnergies SE (NYSE:TTE) have earned an average recommendation of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $78.75.

Several equities analysts recently issued reports on TTE shares. Wolfe Research assumed coverage on shares of TotalEnergies in a report on Thursday, July 18th. They set an “outperform” rating and a $87.00 price objective on the stock. Scotiabank reduced their price target on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research report on Thursday. Barclays raised TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. TD Cowen downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Finally, The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a report on Thursday, October 3rd.

Institutional Trading of TotalEnergies

A number of institutional investors have recently bought and sold shares of TTE. Sei Investments Co. raised its holdings in shares of TotalEnergies by 158.2% in the first quarter. Sei Investments Co. now owns 928,103 shares of the company’s stock worth $63,881,000 after buying an additional 568,672 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of TotalEnergies by 159,211.0% in the first quarter. BNP Paribas Financial Markets now owns 434,919 shares of the company’s stock valued at $29,935,000 after purchasing an additional 434,646 shares during the period. Fisher Asset Management LLC raised its stake in shares of TotalEnergies by 1.8% in the fourth quarter. Fisher Asset Management LLC now owns 21,144,503 shares of the company’s stock worth $1,424,717,000 after purchasing an additional 379,198 shares during the last quarter. Global Assets Advisory LLC acquired a new stake in shares of TotalEnergies during the first quarter worth about $22,081,000. Finally, Equity Investment Corp boosted its position in TotalEnergies by 20.6% in the first quarter. Equity Investment Corp now owns 1,810,041 shares of the company’s stock valued at $124,585,000 after buying an additional 308,835 shares during the last quarter. 13.22% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Price Performance

Shares of TTE stock opened at $68.46 on Friday. TotalEnergies has a twelve month low of $62.59 and a twelve month high of $74.97. The company has a current ratio of 1.11, a quick ratio of 0.87 and a debt-to-equity ratio of 0.35. The stock has a fifty day simple moving average of $67.76 and a two-hundred day simple moving average of $69.39. The stock has a market capitalization of $161.66 billion, a price-to-earnings ratio of 7.76, a P/E/G ratio of 1.85 and a beta of 0.63.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.13). The business had revenue of $53.74 billion during the quarter, compared to analysts’ expectations of $60.45 billion. TotalEnergies had a return on equity of 17.92% and a net margin of 9.49%. During the same period last year, the company earned $1.99 earnings per share. On average, analysts predict that TotalEnergies will post 8.34 EPS for the current fiscal year.

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.