TotalEnergies (NYSE:TTE) Downgraded by TD Cowen

TotalEnergies (NYSE:TTE) was downgraded by stock analysts at TD Cowen from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, Zacks.com reports.

TTE has been the topic of several other reports. Scotiabank lowered their target price on shares of TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th. Wolfe Research initiated coverage on TotalEnergies in a research note on Thursday, July 18th. They set an “outperform” rating and a $87.00 target price for the company. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $80.00.

TotalEnergies Stock Performance

Shares of TTE stock opened at $65.68 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.11 and a quick ratio of 0.87. The business has a fifty day moving average of $67.65 and a 200 day moving average of $69.40. The firm has a market capitalization of $155.10 billion, a price-to-earnings ratio of 7.41, a price-to-earnings-growth ratio of 1.78 and a beta of 0.64. TotalEnergies has a 1 year low of $62.28 and a 1 year high of $74.97.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. North Star Investment Management Corp. grew its stake in TotalEnergies by 310.0% during the 1st quarter. North Star Investment Management Corp. now owns 410 shares of the company’s stock valued at $28,000 after acquiring an additional 310 shares in the last quarter. Larson Financial Group LLC increased its position in TotalEnergies by 100.5% during the second quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock worth $28,000 after purchasing an additional 212 shares during the last quarter. Pathway Financial Advisers LLC purchased a new position in TotalEnergies during the first quarter worth about $29,000. Creekmur Asset Management LLC acquired a new position in TotalEnergies in the 4th quarter valued at about $31,000. Finally, New Covenant Trust Company N.A. purchased a new stake in shares of TotalEnergies in the 1st quarter valued at approximately $38,000. Hedge funds and other institutional investors own 13.22% 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.