TotalEnergies (NYSE:TTE) Upgraded by Citigroup to Buy Rating

TotalEnergies (NYSE:TTE) was upgraded by equities research analysts at Citigroup from a “neutral” rating to a “buy” rating in a research note issued on Wednesday,Finviz reports.

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

TotalEnergies Stock Up 1.0 %

NYSE TTE opened at $63.57 on Wednesday. TotalEnergies has a 1-year low of $53.29 and a 1-year high of $74.97. The company has a market capitalization of $152.42 billion, a price-to-earnings ratio of 9.55, a PEG ratio of 0.98 and a beta of 0.56. The stock’s 50 day moving average is $60.60 and its two-hundred day moving average is $61.10. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. Equities analysts forecast that TotalEnergies will post 8.02 earnings per share for the current fiscal year.

Institutional Trading of TotalEnergies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. FSA Wealth Management LLC bought a new stake in shares of TotalEnergies during the third quarter worth approximately $26,000. Continuum Advisory LLC grew its holdings in TotalEnergies by 70.4% during the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after acquiring an additional 183 shares during the period. Asset Planning Inc bought a new stake in shares of TotalEnergies during the 4th quarter valued at $31,000. Bernard Wealth Management Corp. acquired a new position in shares of TotalEnergies in the 4th quarter valued at $32,000. Finally, HHM Wealth Advisors LLC lifted its stake in shares of TotalEnergies by 156.3% in the 4th quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock valued at $36,000 after purchasing an additional 400 shares during the period. 16.53% of the stock is owned by institutional investors.

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.