TotalEnergies (NYSE:TTE) Stock Rating Upgraded by Wall Street Zen

TotalEnergies (NYSE:TTE) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Monday, Wall Street Zen reports.

Other research analysts also recently issued reports about the company. TD Cowen raised their price objective on TotalEnergies from $102.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, July 24th. CICC Research assumed coverage on TotalEnergies in a research report on Tuesday, June 23rd. They set an “outperform” rating for the company. Piper Sandler reiterated a “neutral” rating and set a $85.00 price target on shares of TotalEnergies in a report on Thursday, July 23rd. Mizuho initiated coverage on shares of TotalEnergies in a research report on Monday, July 20th. They issued an “outperform” rating and a $103.00 price target on the stock. Finally, Zacks Research cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Eleven analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $87.14.

TotalEnergies Trading Up 2.4%

TotalEnergies stock opened at $90.46 on Monday. 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 company has a market capitalization of $216.89 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 3.12 and a beta of 0.13. TotalEnergies has a one year low of $57.39 and a one year high of $94.17. The company’s fifty day moving average price is $83.95 and its two-hundred day moving average price is $85.70.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Tuesday, June 30th. The company reported $2.68 earnings per share for the quarter. The company had revenue of $57.10 billion during the quarter. TotalEnergies had a return on equity of 15.66% and a net margin of 8.29%. On average, analysts forecast that TotalEnergies will post 10.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. MGO One Seven LLC grew its position in TotalEnergies by 1.3% during the fourth quarter. MGO One Seven LLC now owns 10,410 shares of the company’s stock worth $681,000 after buying an additional 137 shares in the last quarter. Fiduciary Financial Group LLC raised its holdings in TotalEnergies by 5.9% in the 2nd quarter. Fiduciary Financial Group LLC now owns 2,767 shares of the company’s stock valued at $215,000 after acquiring an additional 154 shares in the last quarter. Financial Management Professionals Inc. raised its holdings in TotalEnergies by 36.0% in the 2nd quarter. Financial Management Professionals Inc. now owns 589 shares of the company’s stock valued at $46,000 after acquiring an additional 156 shares in the last quarter. World Investment Advisors lifted its position in shares of TotalEnergies by 2.0% in the 1st quarter. World Investment Advisors now owns 8,448 shares of the company’s stock worth $771,000 after acquiring an additional 165 shares during the period. Finally, Planned Solutions Inc. lifted its position in shares of TotalEnergies by 5.6% in the 2nd quarter. Planned Solutions Inc. now owns 3,162 shares of the company’s stock worth $246,000 after acquiring an additional 168 shares during the period. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Company Profile

TotalEnergies SE (NYSE: TTE) is a French multinational integrated energy company engaged across the full energy value chain. Founded in 1924 as Compagnie Française des Pétroles, the company grew through a series of mergers and expansions—most notably with Petrofina and Elf Aquitaine around the turn of the millennium—and rebranded to TotalEnergies in 2021 to reflect a broader focus on multiple energy sources. It is organized to operate across upstream and downstream activities while pursuing a transition toward lower-carbon energy solutions.

In upstream, TotalEnergies explores for and produces crude oil and natural gas globally.