TD Cowen Boosts TotalEnergies (NYSE:TTE) Price Target to $74.00

TotalEnergies (NYSE:TTE) had its target price raised by TD Cowen from $72.00 to $74.00 in a research note released on Friday morning, Marketbeat Ratings reports. They currently have a buy rating on the stock.

TTE has been the topic of several other research reports. Scotiabank reduced their price target on shares of TotalEnergies from $86.00 to $80.00 and set a sector perform rating on the stock in a research report on Friday, July 12th. Wolfe Research began coverage on shares of TotalEnergies in a research report on Thursday, July 18th. They set an outperform rating and a $87.00 target price on the stock. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, TotalEnergies presently has an average rating of Hold and a consensus price target of $80.00.

TotalEnergies Trading Up 0.7 %

Shares of TotalEnergies stock opened at $66.15 on Friday. The firm has a market capitalization of $156.21 billion, a PE ratio of 7.47, a price-to-earnings-growth ratio of 1.85 and a beta of 0.64. 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 company’s fifty day moving average price is $67.76 and its two-hundred day moving average price is $69.45. TotalEnergies has a 52-week low of $62.28 and a 52-week high of $74.97.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings results on Thursday, July 25th. The company reported $1.98 earnings per share (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 the consensus estimate of $60.45 billion. During the same period last year, the firm earned $1.99 EPS. On average, analysts expect that TotalEnergies will post 8.42 EPS for the current year.

Institutional Trading of TotalEnergies

A number of large investors have recently bought and sold shares of TTE. Sei Investments Co. increased its stake in TotalEnergies by 158.2% during the 1st quarter. Sei Investments Co. now owns 928,103 shares of the company’s stock worth $63,881,000 after purchasing an additional 568,672 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of TotalEnergies by 159,211.0% in the 1st quarter. BNP Paribas Financial Markets now owns 434,919 shares of the company’s stock valued at $29,935,000 after buying an additional 434,646 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of TotalEnergies by 1.8% in the 4th quarter. Fisher Asset Management LLC now owns 21,144,503 shares of the company’s stock valued at $1,424,717,000 after buying an additional 379,198 shares during the last quarter. Global Assets Advisory LLC acquired a new stake in shares of TotalEnergies during the first quarter worth $22,081,000. Finally, Equity Investment Corp lifted its holdings in shares of TotalEnergies by 20.6% during the first quarter. Equity Investment Corp now owns 1,810,041 shares of the company’s stock worth $124,585,000 after buying an additional 308,835 shares in the last quarter. 13.22% of the stock is owned by institutional investors.

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.