Brokerages Set TotalEnergies SE (NYSE:TTE) Target Price at $72.42

TotalEnergies SE (NYSE:TTE - Get Free Report) has received an average recommendation of "Moderate Buy" from the eleven brokerages that are presently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $72.42.

Several analysts have issued reports on TTE shares. Morgan Stanley reissued an "equal weight" rating and set a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Piper Sandler lowered their target price 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. Royal Bank of Canada upgraded TotalEnergies from a "sector perform" rating to an "outperform" rating in a research note on Thursday, December 5th. BNP Paribas downgraded shares of TotalEnergies from an "outperform" rating to a "neutral" rating in a report on Wednesday, November 27th. Finally, Redburn Atlantic raised shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd.

TotalEnergies Stock Up 1.9 %

Shares of TTE traded up $1.15 on Monday, hitting $61.02. 2,092,022 shares of the stock traded hands, compared to its average volume of 1,502,785. TotalEnergies has a one year low of $53.29 and a one year high of $74.97. The business has a 50 day simple moving average of $58.60 and a 200 day simple moving average of $61.75. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. The company has a market capitalization of $146.32 billion, a PE ratio of 9.16, a P/E/G ratio of 0.98 and a beta of 0.61.

TotalEnergies (NYSE:TTE - Get Free Report) last issued 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 forecast that TotalEnergies will post 8.02 earnings per share for the current fiscal year.

Institutional Trading of TotalEnergies

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC lifted its position in shares of TotalEnergies by 2.7% during the third quarter. FMR LLC now owns 12,445,228 shares of the company's stock valued at $804,211,000 after buying an additional 324,033 shares during the last quarter. Bank of America Corp DE boosted its stake in TotalEnergies by 121.1% in the fourth quarter. Bank of America Corp DE now owns 7,648,225 shares of the company's stock valued at $416,828,000 after acquiring an additional 4,189,652 shares in the last quarter. Franklin Resources Inc. grew its holdings in TotalEnergies by 41.7% in the fourth quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company's stock worth $309,851,000 after purchasing an additional 1,672,387 shares during the last quarter. Royal Bank of Canada increased its position in shares of TotalEnergies by 10.0% during the fourth quarter. Royal Bank of Canada now owns 2,917,438 shares of the company's stock worth $159,000,000 after purchasing an additional 265,251 shares in the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of TotalEnergies by 19.5% during the 4th quarter. Federated Hermes Inc. now owns 2,886,405 shares of the company's stock valued at $157,309,000 after purchasing an additional 471,291 shares during 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.