TotalEnergies (NYSE:TTE) Upgraded by Citigroup to "Buy" Rating

TotalEnergies (NYSE:TTE - Get Free Report) was upgraded by equities researchers at Citigroup from a "neutral" rating to a "buy" rating in a research note issued on Wednesday, MarketBeat reports.

A number of other research firms have also recently weighed in on TTE. Royal Bank of Canada raised shares of TotalEnergies from a "sector perform" rating to an "outperform" rating in a report on Thursday, December 5th. Piper Sandler dropped their price target on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating on the stock in a research note on Thursday, December 19th. BNP Paribas downgraded TotalEnergies from an "outperform" rating to a "neutral" rating in a research report on Wednesday, November 27th. Morgan Stanley restated an "equal weight" rating and issued a $64.10 target price (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Finally, Redburn Atlantic upgraded TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Six equities research analysts have rated the stock with a hold rating, three have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $72.42.

TotalEnergies Stock Performance

TTE stock traded down $0.91 during trading on Wednesday, hitting $64.27. 1,421,229 shares of the company's stock traded hands, compared to its average volume of 1,531,334. The stock has a fifty day moving average price of $60.96 and a two-hundred day moving average price of $61.10. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. TotalEnergies has a 52 week low of $53.29 and a 52 week high of $74.97. The stock has a market capitalization of $154.11 billion, a price-to-earnings ratio of 9.65, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56.

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TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. As a group, equities analysts anticipate that TotalEnergies will post 8.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. FSA Wealth Management LLC bought a new position in shares of TotalEnergies during the 3rd quarter valued at about $26,000. Continuum Advisory LLC lifted its stake in TotalEnergies by 70.4% during the third quarter. Continuum Advisory LLC now owns 443 shares of the company's stock valued at $27,000 after purchasing an additional 183 shares during the last quarter. Asset Planning Inc bought a new position in shares of TotalEnergies in the fourth quarter valued at $31,000. Bernard Wealth Management Corp. acquired a new stake in shares of TotalEnergies during the 4th quarter valued at $32,000. Finally, HHM Wealth Advisors LLC boosted its stake in shares of TotalEnergies by 156.3% during the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company's stock worth $36,000 after acquiring an additional 400 shares in the last quarter. Institutional investors own 16.53% of the company's stock.

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.