TotalEnergies (NYSE:TTE) Raised to “Outperform” at BNP Paribas

BNP Paribas upgraded shares of TotalEnergies (NYSE:TTE) from a neutral rating to an outperform rating in a research note issued to investors on Tuesday, MarketBeat.com reports.

Other equities analysts have also issued reports about the company. Scotiabank decreased their price objective on TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating for the company in a report on Friday, April 11th. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Citigroup raised shares of TotalEnergies from a “neutral” rating to a “buy” rating in a report on Wednesday, March 26th. 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 report on Thursday, December 19th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $69.42.

TotalEnergies Trading Up 1.0 %

Shares of NYSE TTE opened at $58.39 on Tuesday. The company has a market cap of $140.00 billion, a price-to-earnings ratio of 8.77, a price-to-earnings-growth ratio of 0.98 and a beta of 0.45. The stock’s 50 day simple moving average is $60.66 and its 200 day simple moving average is $60.15. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. TotalEnergies has a 12-month low of $52.78 and a 12-month high of $74.97.

TotalEnergies (NYSE:TTE) last released its quarterly 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%. Equities research analysts expect that TotalEnergies will post 8.02 EPS for the current year.

Institutional Trading of TotalEnergies

Several hedge funds and other institutional investors have recently modified their holdings of TTE. Barclays PLC lifted its holdings in shares of TotalEnergies by 266.5% during the 3rd quarter. Barclays PLC now owns 674,154 shares of the company’s stock valued at $43,564,000 after buying an additional 490,187 shares during the last quarter. Anchor Investment Management LLC boosted its holdings in TotalEnergies by 109.3% in the third quarter. Anchor Investment Management LLC now owns 942 shares of the company’s stock worth $61,000 after purchasing an additional 492 shares in the last quarter. World Investment Advisors LLC increased its position in TotalEnergies by 51.6% during the third quarter. World Investment Advisors LLC now owns 4,558 shares of the company’s stock worth $295,000 after buying an additional 1,552 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in TotalEnergies during the third quarter valued at about $303,000. Finally, Tidal Investments LLC lifted its position in shares of TotalEnergies by 5.2% in the third quarter. Tidal Investments LLC now owns 62,692 shares of the company’s stock worth $4,051,000 after buying an additional 3,112 shares during the last quarter. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

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.