TotalEnergies (NYSE:TTE) Stock Lifted to “Strong-Buy” by Wall Street Zen

Wall Street Zen upgraded shares of TotalEnergies (NYSE:TTE) from a buy rating to a strong-buy rating in a research note published on Saturday,Wall Street Zen reports.

A number of other brokerages have also recently commented on TTE. TD Cowen lowered their price target on TotalEnergies from $108.00 to $105.00 and set a “buy” rating for the company in a research report on Tuesday, October 13th. Morgan Stanley cut TotalEnergies from an “overweight” rating to an “equal weight” rating and set a $90.00 price objective for the company. in a research note on Thursday, September 3rd. JPMorgan Chase & Co. cut TotalEnergies from an “overweight” rating to a “neutral” rating in a research note on Wednesday, September 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of TotalEnergies in a report on Thursday, October 22nd. Finally, HSBC upgraded TotalEnergies from a “hold” rating to a “buy” rating in a research report on Friday, September 25th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $96.00.

TotalEnergies Stock Down 0.9%

NYSE:TTE opened at $87.97 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.89 and a debt-to-equity ratio of 0.36. TotalEnergies has a twelve month low of $61.63 and a twelve month high of $95.78. The company has a market cap of $210.91 billion, a PE ratio of 8.79 and a beta of 0.14. The company’s 50 day moving average is $89.78 and its two-hundred day moving average is $85.67.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Friday, October 30th. The company reported $4.03 EPS for the quarter, topping the consensus estimate of $3.84 by $0.19. The business had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $55.39 billion. TotalEnergies had a net margin of 9.61% and a return on equity of 19.08%. Analysts anticipate that TotalEnergies will post 12.72 EPS for the current year.

Hedge Funds Weigh In On TotalEnergies

A number of institutional investors have recently modified their holdings of TTE. Amundi purchased a new stake in TotalEnergies in the 1st quarter worth $18,868,822,000. DekaBank Deutsche Girozentrale acquired a new position in TotalEnergies during the first quarter worth $1,103,799,000. Arrowstreet Capital Limited Partnership acquired a new position in TotalEnergies during the first quarter worth $378,821,000. Janus Henderson Group PLC lifted its holdings in TotalEnergies by 25.2% during the first quarter. Janus Henderson Group PLC now owns 11,349,122 shares of the company’s stock valued at $1,055,775,000 after purchasing an additional 2,287,500 shares in the last quarter. Finally, DJE Kapital AG lifted its holdings in TotalEnergies by 91.1% during the first quarter. DJE Kapital AG now owns 3,052,518 shares of the company’s stock valued at $282,461,000 after purchasing an additional 1,455,230 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

About TotalEnergies

TotalEnergies SE is a France-based integrated energy company with operations spanning the oil and natural gas value chain. Its activities include exploring for and producing hydrocarbons, processing and refining them, and supplying energy products to customers.

The company also markets natural gas, including liquefied natural gas, and operates in electricity generation and renewable energy. Its portfolio includes solar and wind power, as well as energy storage and related services.

Founded in 1924 as Compagnie française des pétroles, the company has expanded and evolved through acquisitions and business changes.