Brokerages Set TotalEnergies SE Sponsored ADR (NYSE:TTE) Target Price at $66.96

TotalEnergies SE Sponsored ADR (NYSE:TTE) has been given an average recommendation of “Hold” by the fifteen analysts that are presently covering the company, Marketbeat.com reports. Ten research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $66.96.

TTE has been the subject of a number of research reports. HSBC lowered shares of TotalEnergies from a “buy” rating to a “hold” rating in a report on Monday. Dbs Bank lowered TotalEnergies from a “moderate buy” rating to a “hold” rating in a research report on Thursday, November 6th. Loop Capital set a $73.00 target price on TotalEnergies in a research report on Monday, November 3rd. BNP Paribas Exane reaffirmed a “neutral” rating on shares of TotalEnergies in a research note on Tuesday, September 23rd. Finally, Piper Sandler lifted their price objective on TotalEnergies from $69.00 to $70.00 and gave the stock a “neutral” rating in a research report on Monday, November 10th.

Hedge Funds Weigh In On TotalEnergies

Several large investors have recently bought and sold shares of the business. Commerce Bank acquired a new position in shares of TotalEnergies in the 1st quarter valued at $218,000. Manchester Capital Management LLC grew its stake in shares of TotalEnergies by 77.2% during the first quarter. Manchester Capital Management LLC now owns 2,670 shares of the company’s stock worth $173,000 after purchasing an additional 1,163 shares during the period. Argent Trust Co increased its holdings in TotalEnergies by 7.2% in the first quarter. Argent Trust Co now owns 10,636 shares of the company’s stock valued at $688,000 after purchasing an additional 712 shares during the last quarter. Thoroughbred Financial Services LLC acquired a new position in TotalEnergies in the first quarter valued at about $213,000. Finally, Costello Asset Management INC bought a new position in TotalEnergies during the first quarter worth about $32,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Stock Performance

TotalEnergies stock opened at $64.84 on Wednesday. The stock has a 50-day simple moving average of $62.41 and a 200 day simple moving average of $61.70. The stock has a market capitalization of $155.47 billion, a price-to-earnings ratio of 10.48, a P/E/G ratio of 1.43 and a beta of 0.22. The company has a quick ratio of 0.82, a current ratio of 1.01 and a debt-to-equity ratio of 0.42. TotalEnergies has a 12-month low of $52.78 and a 12-month high of $66.92.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Monday, November 3rd. The company reported $1.77 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($0.04). TotalEnergies had a net margin of 6.98% and a return on equity of 13.54%. The company had revenue of $87.69 billion during the quarter, compared to analyst estimates of $43.66 billion. On average, research analysts anticipate that TotalEnergies will post 8.02 earnings per share for the current fiscal year.

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.