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

Shares of TotalEnergies SE (NYSE:TTE - Get Free Report) have earned an average rating of "Moderate Buy" from the twelve analysts that are currently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have issued a strong buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $72.42.

Several research analysts have commented on TTE shares. Morgan Stanley reissued an "equal weight" rating and set a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Royal Bank of Canada raised TotalEnergies from a "sector perform" rating to an "outperform" rating in a research note on Thursday, December 5th. Piper Sandler reduced their price objective on TotalEnergies from $77.00 to $62.00 and set a "neutral" rating on the stock in a research note on Thursday, December 19th. Redburn Atlantic upgraded TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Finally, Citigroup upgraded shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research report on Wednesday, March 26th.

Institutional Trading of TotalEnergies

Institutional investors have recently bought and sold shares of the stock. Thrivent Financial for Lutherans bought a new stake in shares of TotalEnergies in the 3rd quarter worth about $212,000. Charles Schwab Investment Management Inc. lifted its stake in TotalEnergies by 26.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 136,638 shares of the company's stock worth $8,830,000 after purchasing an additional 28,857 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of TotalEnergies by 279.7% during the third quarter. Larson Financial Group LLC now owns 1,606 shares of the company's stock valued at $104,000 after buying an additional 1,183 shares during the period. Independent Advisor Alliance grew its stake in shares of TotalEnergies by 29.5% during the third quarter. Independent Advisor Alliance now owns 12,024 shares of the company's stock valued at $777,000 after buying an additional 2,737 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of TotalEnergies by 26.5% in the third quarter. Brown Brothers Harriman & Co. now owns 2,332 shares of the company's stock worth $151,000 after buying an additional 488 shares during the period. 16.53% of the stock is currently owned by institutional investors.

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TotalEnergies Price Performance

TTE stock traded down $0.22 during midday trading on Friday, hitting $64.47. The company's stock had a trading volume of 2,282,545 shares, compared to its average volume of 1,539,259. 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 12 month low of $53.29 and a 12 month high of $74.97. The company has a 50 day moving average of $61.18 and a two-hundred day moving average of $61.02. The firm has a market capitalization of $154.59 billion, a price-to-earnings ratio of 9.68, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56.

TotalEnergies (NYSE:TTE - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $1.90 EPS 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%. On average, analysts expect that TotalEnergies will post 8.02 EPS for the current year.

TotalEnergies Company Profile

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.