Analysts Set TotalEnergies SE (NYSE:TTE) Target Price at $69.36

Shares of TotalEnergies SE (NYSE:TTE) have been assigned a consensus rating of “Moderate Buy” from the fourteen research firms that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $69.36.

A number of brokerages have recently commented on TTE. HSBC reiterated a “buy” rating on shares of TotalEnergies in a research report on Tuesday, May 13th. Dbs Bank raised shares of TotalEnergies from a “hold” rating to a “buy” rating in a research note on Wednesday, May 7th. Morgan Stanley upgraded shares of TotalEnergies from an “equal weight” rating to an “overweight” rating and set a $60.80 price target for the company in a research note on Monday, May 12th. Scotiabank cut their price objective on shares of TotalEnergies from $65.00 to $60.00 and set a “sector perform” rating on the stock in a report on Friday, April 11th. Finally, BNP Paribas raised shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Tuesday, April 15th.

Hedge Funds Weigh In On TotalEnergies

Several large investors have recently added to or reduced their stakes in the company. Clear Creek Financial Management LLC acquired a new position in shares of TotalEnergies during the fourth quarter valued at $345,000. Franklin Resources Inc. boosted its stake in TotalEnergies by 41.7% during the fourth quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company’s stock valued at $309,851,000 after buying an additional 1,672,387 shares in the last quarter. Barclays PLC boosted its position in shares of TotalEnergies by 266.5% in the 3rd quarter. Barclays PLC now owns 674,154 shares of the company’s stock valued at $43,564,000 after purchasing an additional 490,187 shares during the period. Merit Financial Group LLC acquired a new position in shares of TotalEnergies in the 4th quarter valued at $412,000. Finally, Orca Wealth Management LLC acquired a new position in shares of TotalEnergies in the 4th quarter valued at $1,210,000. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Stock Down 0.5%

NYSE:TTE opened at $59.36 on Friday. The company has a market cap of $142.33 billion, a PE ratio of 8.91, a P/E/G ratio of 0.98 and a beta of 0.58. TotalEnergies has a twelve month low of $52.78 and a twelve month high of $73.12. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The company’s 50 day moving average is $59.65 and its two-hundred day moving average is $58.95.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.05). TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. The business had revenue of $47.90 billion for the quarter, compared to analyst estimates of $41.23 billion. During the same quarter in the previous year, the firm posted $2.14 earnings per share. Analysts anticipate that TotalEnergies will post 8.02 EPS for the current year.

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.