TotalEnergies (NYSE:TTE) Stock Lifted to Strong-Buy by Zacks Research

TotalEnergies (NYSE:TTE) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday, Zacks reports.

A number of other research firms have also weighed in on TTE. Wall Street Zen raised TotalEnergies from a “hold” rating to a “buy” rating in a report on Monday, August 31st. HSBC raised shares of TotalEnergies from a “hold” rating to a “buy” rating in a report on Friday, September 25th. Piper Sandler raised their price objective on shares of TotalEnergies from $84.00 to $93.00 and gave the company a “neutral” rating in a research report on Thursday, September 3rd. Morgan Stanley set a $90.00 price objective on shares of TotalEnergies and gave the company an “equal weight” rating in a research note on Thursday, September 3rd. Finally, Mizuho set a $108.00 target price on shares of TotalEnergies in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $92.71.

TotalEnergies Stock Performance

Shares of TTE opened at $90.06 on Monday. TotalEnergies has a 1 year low of $60.58 and a 1 year high of $94.17. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.06 and a quick ratio of 0.85. The stock’s fifty day moving average price is $88.92 and its two-hundred day moving average price is $87.33. The firm has a market cap of $215.93 billion, a PE ratio of 10.42 and a beta of 0.18.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Tuesday, June 30th. The company reported $2.68 EPS for the quarter. The company had revenue of $57.10 billion during the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. On average, equities research analysts forecast that TotalEnergies will post 12.40 EPS for the current year.

Hedge Funds Weigh In On TotalEnergies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Amundi purchased a new stake in shares of TotalEnergies in the 1st quarter valued at about $18,868,822,000. DekaBank Deutsche Girozentrale purchased a new position in shares of TotalEnergies during the first quarter worth about $1,103,799,000. Bank of New York Mellon Corp grew its holdings in shares of TotalEnergies by 8.3% during the first quarter. Bank of New York Mellon Corp now owns 11,514,654 shares of the company’s stock worth $1,047,603,000 after purchasing an additional 881,889 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of TotalEnergies by 25.2% during the first quarter. Janus Henderson Group PLC now owns 11,349,122 shares of the company’s stock worth $1,055,775,000 after purchasing an additional 2,287,500 shares in the last quarter. Finally, Groupe la Francaise increased its position in shares of TotalEnergies by 8.9% in the first quarter. Groupe la Francaise now owns 7,617,900 shares of the company’s stock worth $683,234,000 after purchasing an additional 624,764 shares during the last quarter. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

TotalEnergies Company Profile

TotalEnergies SE is a French multinational energy company that explores for, produces, processes and markets oil and natural gas. Established in 1924 as the Compagnie française des pétroles, the company adopted the TotalEnergies name in 2021 to reflect its broader focus on multiple forms of energy.

The company’s activities include liquefied natural gas, refining and petrochemicals, fuels, lubricants, and the operation of service stations. TotalEnergies also develops and sells electricity from renewable and other power-generation sources, including solar and wind projects, as well as energy-storage and electric-vehicle charging solutions.

TotalEnergies serves customers and operates projects across numerous regions, including Europe, Africa, the Middle East, the Americas and the Asia-Pacific region.