TotalEnergies (NYSE:TTE) Stock Rating Upgraded by UBS Group

UBS Group upgraded shares of TotalEnergies (NYSE:TTE - Free Report) to a strong-buy rating in a research report sent to investors on Wednesday, Zacks.com reports.

TTE has been the subject of several other reports. TD Cowen cut TotalEnergies from a strong-buy rating to a hold rating in a report on Monday, September 30th. Wolfe Research started coverage on TotalEnergies in a report on Thursday, July 18th. They issued an outperform rating and a $87.00 price objective for the company. Barclays raised TotalEnergies to a strong-buy rating in a report on Wednesday, October 2nd. The Goldman Sachs Group raised TotalEnergies to a hold rating in a report on Thursday, October 3rd. Finally, Scotiabank lowered their price target on TotalEnergies from $80.00 to $75.00 and set a sector perform rating for the company in a report on Thursday. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, TotalEnergies currently has an average rating of Moderate Buy and an average price target of $78.75.

TotalEnergies Stock Down 0.3 %

TTE stock traded down $0.18 during mid-day trading on Wednesday, reaching $68.28. The company had a trading volume of 1,793,420 shares, compared to its average volume of 1,448,650. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.11 and a quick ratio of 0.87. The stock has a 50 day simple moving average of $67.76 and a two-hundred day simple moving average of $69.39. The company has a market capitalization of $161.24 billion, a price-to-earnings ratio of 7.76, a PEG ratio of 1.85 and a beta of 0.63. TotalEnergies has a 52 week low of $62.59 and a 52 week high of $74.97.

TotalEnergies (NYSE:TTE - Get Free Report) last issued its 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 business had revenue of $53.74 billion for the quarter, compared to the consensus estimate of $60.45 billion. During the same quarter in the prior year, the firm posted $1.99 earnings per share. As a group, equities analysts predict that TotalEnergies will post 8.34 earnings per share for the current fiscal year.

Institutional Trading of TotalEnergies

Institutional investors and hedge funds have recently modified their holdings of the stock. Fisher Asset Management LLC increased its position in shares of TotalEnergies by 1.8% during the fourth quarter. Fisher Asset Management LLC now owns 21,144,503 shares of the company's stock valued at $1,424,717,000 after acquiring an additional 379,198 shares during the last quarter. Capital International Investors grew its holdings in TotalEnergies by 2.1% during the first quarter. Capital International Investors now owns 4,858,097 shares of the company's stock valued at $334,383,000 after purchasing an additional 100,059 shares during the period. Goldman Sachs Group Inc. grew its holdings in TotalEnergies by 3.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,592,234 shares of the company's stock valued at $174,665,000 after purchasing an additional 86,642 shares during the period. Natixis Advisors LLC grew its holdings in TotalEnergies by 3.4% during the second quarter. Natixis Advisors LLC now owns 2,160,603 shares of the company's stock valued at $144,069,000 after purchasing an additional 71,658 shares during the period. Finally, Clearbridge Investments LLC grew its holdings in TotalEnergies by 1.5% during the first quarter. Clearbridge Investments LLC now owns 2,039,311 shares of the company's stock valued at $140,366,000 after purchasing an additional 31,123 shares during the period. 13.22% of the stock is owned by hedge funds and other institutional investors.

About TotalEnergies

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.