TotalEnergies (NYSE:TTE) Raised to “Buy” at Citigroup

TotalEnergies (NYSE:TTE) was upgraded by research analysts at Citigroup from a “neutral” rating to a “buy” rating in a research note issued to investors on Wednesday, Marketbeat.com reports.

Several other analysts have also recently commented on TTE. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Morgan Stanley reiterated an “equal weight” rating and issued a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Piper Sandler decreased their price target on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Six research analysts have rated the stock with a hold rating, three have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, TotalEnergies has an average rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Trading Up 0.5 %

Shares of TTE opened at $65.19 on Wednesday. The stock has a fifty day moving average price of $60.87 and a two-hundred day moving average price of $61.15. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. The company has a market cap of $156.31 billion, a price-to-earnings ratio of 9.79, a PEG ratio of 0.98 and a beta of 0.56. TotalEnergies has a 52-week low of $53.29 and a 52-week high of $74.97.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, beating 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%. Analysts predict that TotalEnergies will post 8.02 EPS for the current fiscal year.

Hedge Funds Weigh In On TotalEnergies

Institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC boosted its stake in TotalEnergies by 1.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 53,410 shares of the company’s stock worth $2,911,000 after acquiring an additional 832 shares during the last quarter. Anchor Pointe Wealth Management LLC bought a new position in shares of TotalEnergies during the fourth quarter worth $200,000. Brucke Financial Inc. acquired a new position in shares of TotalEnergies in the 4th quarter valued at $253,000. Jefferies Financial Group Inc. bought a new stake in shares of TotalEnergies in the 4th quarter valued at $257,000. Finally, Bernard Wealth Management Corp. acquired a new stake in TotalEnergies during the 4th quarter worth $32,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

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.