TotalEnergies SE (NYSE:TTE) Receives $72.42 Average Target Price from Analysts

Shares of TotalEnergies SE (NYSE:TTE) have earned an average recommendation of “Moderate Buy” from the twelve research firms that are currently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $72.42.

A number of research analysts have issued reports on the stock. Citigroup upgraded shares of TotalEnergies from a “neutral” rating to a “buy” rating in a report on Wednesday, March 26th. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Piper Sandler dropped their price objective on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th.

TotalEnergies Price Performance

Shares of TTE opened at $64.27 on Friday. The firm has a 50-day simple moving average of $60.96 and a 200-day simple moving average of $61.06. TotalEnergies has a fifty-two week low of $53.29 and a fifty-two week high of $74.97. The company has a market capitalization of $154.11 billion, a price-to-earnings ratio of 9.65, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share 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 anticipate that TotalEnergies will post 8.02 earnings per share for the current year.

Institutional Trading of TotalEnergies

Several hedge funds have recently added to or reduced their stakes in the business. FSA Wealth Management LLC acquired a new stake in TotalEnergies during the third quarter worth about $26,000. Continuum Advisory LLC lifted its stake in TotalEnergies by 70.4% during the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after purchasing an additional 183 shares during the period. Asset Planning Inc bought a new stake in shares of TotalEnergies in the 4th quarter valued at approximately $31,000. Bernard Wealth Management Corp. acquired a new position in TotalEnergies during the fourth quarter worth $32,000. Finally, HHM Wealth Advisors LLC boosted its stake in shares of TotalEnergies by 156.3% in the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock valued at $36,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 16.53% of the company’s stock.

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.