TotalEnergies (NYSE:TTE) PT Raised to $74.00

TotalEnergies (NYSE:TTE) had its target price boosted by TD Cowen from $72.00 to $74.00 in a research report report published on Friday morning, Marketbeat reports. They currently have a buy rating on the stock.

Several other analysts have also recently weighed in on the company. Scotiabank reduced their price target on TotalEnergies from $86.00 to $80.00 and set a sector perform rating on the stock in a report on Friday, July 12th. Wolfe Research began coverage on TotalEnergies in a report on Thursday, July 18th. They set an outperform rating and a $87.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Hold and an average price target of $80.00.

TotalEnergies Stock Performance

TotalEnergies stock opened at $66.15 on Friday. TotalEnergies has a 12-month low of $62.28 and a 12-month high of $74.97. The company has a quick ratio of 0.87, a current ratio of 1.11 and a debt-to-equity ratio of 0.35. The business’s 50-day moving average price is $67.76 and its two-hundred day moving average price is $69.45. The stock has a market cap of $156.21 billion, a PE ratio of 7.47, a P/E/G ratio of 1.85 and a beta of 0.64.

TotalEnergies (NYSE:TTE) last released its earnings results on Thursday, July 25th. The company reported $1.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.13). The business had revenue of $53.74 billion during the quarter, compared to the consensus estimate of $60.45 billion. TotalEnergies had a net margin of 9.49% and a return on equity of 17.92%. During the same quarter in the prior year, the firm earned $1.99 EPS. As a group, analysts expect that TotalEnergies will post 8.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TotalEnergies

Several institutional investors have recently added to or reduced their stakes in TTE. 9258 Wealth Management LLC lifted its stake in TotalEnergies by 18.8% in the fourth quarter. 9258 Wealth Management LLC now owns 3,894 shares of the company’s stock valued at $262,000 after buying an additional 616 shares during the period. Dimensional Fund Advisors LP lifted its stake in TotalEnergies by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 348,468 shares of the company’s stock valued at $23,480,000 after buying an additional 2,959 shares during the period. Commerce Bank lifted its stake in TotalEnergies by 19.7% in the fourth quarter. Commerce Bank now owns 4,063 shares of the company’s stock valued at $274,000 after buying an additional 669 shares during the period. TD Asset Management Inc lifted its stake in TotalEnergies by 87.2% in the fourth quarter. TD Asset Management Inc now owns 172,798 shares of the company’s stock valued at $11,643,000 after buying an additional 80,516 shares during the period. Finally, Fiduciary Trust Co increased its holdings in shares of TotalEnergies by 3.6% during the fourth quarter. Fiduciary Trust Co now owns 15,873 shares of the company’s stock valued at $1,070,000 after acquiring an additional 553 shares in the last quarter. 13.22% of the stock is owned by institutional investors and hedge funds.

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.