TotalEnergies (NYSE:TTE) Raised to “Buy” at Citigroup

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

A number of other analysts have also recently issued reports on TTE. Piper Sandler decreased their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. 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. Redburn Atlantic upgraded shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $64.10 price target (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, TotalEnergies currently has an average rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Price Performance

NYSE:TTE opened at $63.57 on Wednesday. TotalEnergies has a 12-month low of $53.29 and a 12-month high of $74.97. The firm has a market cap of $152.42 billion, a price-to-earnings ratio of 9.55, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56. The company’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 posted its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. Research analysts expect that TotalEnergies will post 8.02 EPS for the current year.

Institutional Investors Weigh In On TotalEnergies

Several hedge funds and other institutional investors have recently modified their holdings of TTE. Clear Creek Financial Management LLC bought a new stake in TotalEnergies in the 4th quarter valued at $345,000. Logan Capital Management Inc. lifted its stake in shares of TotalEnergies by 22.8% in the third quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock valued at $4,637,000 after buying an additional 13,331 shares during the period. FMR LLC grew its position in TotalEnergies by 2.7% during the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock worth $804,211,000 after buying an additional 324,033 shares in the last quarter. CWA Asset Management Group LLC grew its position in TotalEnergies by 85.1% during the fourth quarter. CWA Asset Management Group LLC now owns 23,571 shares of the company’s stock worth $1,285,000 after buying an additional 10,835 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of TotalEnergies by 266.5% during the 3rd quarter. Barclays PLC now owns 674,154 shares of the company’s stock worth $43,564,000 after purchasing an additional 490,187 shares in the last quarter. 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.