TotalEnergies (NYSE:TTE) Rating Increased to Strong-Buy at Redburn Atlantic

TotalEnergies (NYSE:TTE) was upgraded by Redburn Atlantic from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

Several other analysts have also recently commented on the company. BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Finally, Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $72.42.

TotalEnergies Stock Performance

Shares of TTE stock opened at $58.78 on Thursday. The company has a market cap of $138.79 billion, a P/E ratio of 8.34, a PEG ratio of 2.01 and a beta of 0.61. The business has a 50 day moving average of $56.86 and a two-hundred day moving average of $63.25. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39. TotalEnergies has a 52 week low of $53.29 and a 52 week high of $74.97.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.74 earnings per share for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.10). The firm had revenue of $52.02 billion during the quarter, compared to analyst estimates of $57.03 billion. TotalEnergies had a return on equity of 15.93% and a net margin of 7.78%. During the same period last year, the business earned $2.63 EPS. As a group, analysts anticipate that TotalEnergies will post 7.77 EPS for the current year.

Institutional Investors Weigh In On TotalEnergies

Institutional investors and hedge funds have recently modified their holdings of the business. AQR Capital Management LLC boosted its stake in TotalEnergies by 189.9% during the 2nd quarter. AQR Capital Management LLC now owns 11,653 shares of the company’s stock valued at $777,000 after purchasing an additional 7,633 shares during the period. Oliver Lagore Vanvalin Investment Group boosted its position in shares of TotalEnergies by 11.4% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 32,502 shares of the company’s stock valued at $2,167,000 after acquiring an additional 3,332 shares during the period. Creative Planning boosted its position in shares of TotalEnergies by 9.7% in the second quarter. Creative Planning now owns 139,633 shares of the company’s stock valued at $9,311,000 after acquiring an additional 12,331 shares during the period. NewEdge Advisors LLC increased its position in TotalEnergies by 42.9% during the second quarter. NewEdge Advisors LLC now owns 46,147 shares of the company’s stock worth $3,077,000 after acquiring an additional 13,849 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in TotalEnergies by 9.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 50,229 shares of the company’s stock worth $3,349,000 after acquiring an additional 4,255 shares during the period. Institutional investors and hedge funds own 16.53% 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.