TotalEnergies (NYSE:TTE) Upgraded by Barclays to Strong-Buy

by · The Cerbat Gem

Barclays upgraded shares of TotalEnergies (NYSE:TTE – Free Report) to a strong-buy rating in a research note published on Wednesday morning, Zacks.com reports.

Other equities analysts also recently issued research reports about the company. Wolfe Research started coverage on TotalEnergies in a research report on Thursday, July 18th. They set an outperform rating and a $87.00 price target on the stock. Scotiabank dropped their target price on shares of TotalEnergies from $86.00 to $80.00 and set a sector perform rating on the stock in a report on Friday, July 12th. Finally, TD Cowen lowered shares of TotalEnergies from a strong-buy rating to a hold rating in a report on Monday, September 30th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $80.00.

View Our Latest Stock Report on TotalEnergies

TotalEnergies Price Performance

NYSE:TTE opened at $68.60 on Wednesday. The business has a 50 day simple moving average of $67.67 and a 200-day simple moving average of $69.38. The firm has a market capitalization of $161.99 billion, a price-to-earnings ratio of 7.74, a PEG ratio of 1.83 and a beta of 0.63. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.11 and a quick ratio of 0.87. TotalEnergies has a 1 year low of $62.28 and a 1 year high of $74.97.

TotalEnergies (NYSE:TTE – Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.98 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.13). TotalEnergies had a return on equity of 17.92% and a net margin of 9.49%. The company had revenue of $53.74 billion during the quarter, compared to analysts’ expectations of $60.45 billion. During the same period in the prior year, the business earned $1.99 EPS. Equities analysts forecast that TotalEnergies will post 8.34 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Geneos Wealth Management Inc. boosted its stake in TotalEnergies by 3.6% in the first quarter. Geneos Wealth Management Inc. now owns 4,379 shares of the company’s stock valued at $301,000 after acquiring an additional 153 shares in the last quarter. Hexagon Capital Partners LLC grew its stake in TotalEnergies by 5.1% during the 2nd quarter. Hexagon Capital Partners LLC now owns 3,406 shares of the company’s stock worth $227,000 after buying an additional 164 shares during the last quarter. Opal Wealth Advisors LLC grew its stake in TotalEnergies by 17.0% during the 2nd quarter. Opal Wealth Advisors LLC now owns 1,285 shares of the company’s stock worth $86,000 after buying an additional 187 shares during the last quarter. Delta Financial Group Inc. increased its position in TotalEnergies by 3.1% during the 1st quarter. Delta Financial Group Inc. now owns 6,250 shares of the company’s stock valued at $430,000 after buying an additional 190 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC raised its stake in TotalEnergies by 5.6% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 3,662 shares of the company’s stock valued at $244,000 after buying an additional 194 shares during the last quarter. Hedge funds and other institutional investors own 13.22% of the company’s stock.

TotalEnergies Company Profile

(Get Free Report)

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.

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