TotalEnergies (NYSE:TTE) Raised to Buy at Citigroup

TotalEnergies (NYSE:TTE) was upgraded by Citigroup from a “neutral” rating to a “buy” rating in a research note issued to investors on Wednesday, Marketbeat Ratings reports.

Several other research firms have also recently weighed in on TTE. Piper Sandler reduced their price objective on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research report on Thursday, December 19th. Morgan Stanley reaffirmed an “equal weight” rating and set a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Six analysts have rated the stock with a hold rating, three have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Stock Performance

Shares of TTE opened at $65.19 on Wednesday. The firm has a market cap of $156.31 billion, a P/E ratio of 9.79, a PEG ratio of 0.98 and a beta of 0.56. TotalEnergies has a twelve month low of $53.29 and a twelve month high of $74.97. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. The firm’s 50 day moving average price is $60.87 and its two-hundred day moving average price is $61.15.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, beating 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 forecast that TotalEnergies will post 8.02 EPS for the current fiscal year.

Hedge Funds Weigh In On TotalEnergies

A number of institutional investors have recently added to or reduced their stakes in the company. FSA Wealth Management LLC bought a new position in shares of TotalEnergies in the 3rd quarter valued at about $26,000. Continuum Advisory LLC lifted its stake in TotalEnergies by 70.4% in the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares during the last quarter. Asset Planning Inc acquired a new stake in TotalEnergies in the 4th quarter valued at about $31,000. Bernard Wealth Management Corp. bought a new position in TotalEnergies during the fourth quarter worth about $32,000. Finally, HHM Wealth Advisors LLC increased its position in TotalEnergies by 156.3% during the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock worth $36,000 after buying an additional 400 shares during the last quarter. 16.53% of the stock is currently 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.