TotalEnergies (NYSE:TTE) Stock Rating Lowered by TD Cowen

TotalEnergies (NYSE:TTE) was downgraded by equities research analysts at TD Cowen from a “strong-buy” rating to a “hold” rating in a research report issued on Monday, Zacks.com reports.

A number of other equities research analysts also recently issued reports on TTE. Scotiabank cut their price objective on shares of TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. Wolfe Research initiated coverage on shares of TotalEnergies in a research note on Thursday, July 18th. They set an “outperform” rating and a $87.00 target price for the company. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $80.00.

TotalEnergies Stock Performance

Shares of TTE stock opened at $65.68 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.11 and a debt-to-equity ratio of 0.35. The stock has a fifty day moving average of $67.65 and a 200 day moving average of $69.40. The firm has a market capitalization of $155.10 billion, a price-to-earnings ratio of 7.41, a PEG ratio of 1.78 and a beta of 0.64. TotalEnergies has a 52 week low of $62.28 and a 52 week high of $74.97.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Thursday, July 25th. The company reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.13). TotalEnergies had a return on equity of 17.92% and a net margin of 9.49%. The company had revenue of $53.74 billion during the quarter, compared to the consensus estimate of $60.45 billion. During the same period in the prior year, the firm earned $1.99 earnings per share. As a group, research analysts expect that TotalEnergies will post 8.42 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. 9258 Wealth Management LLC increased its position in TotalEnergies by 18.8% during the fourth quarter. 9258 Wealth Management LLC now owns 3,894 shares of the company’s stock valued at $262,000 after acquiring an additional 616 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of TotalEnergies by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 348,468 shares of the company’s stock worth $23,480,000 after buying an additional 2,959 shares during the period. TD Asset Management Inc lifted its stake in TotalEnergies by 87.2% in the fourth quarter. TD Asset Management Inc now owns 172,798 shares of the company’s stock worth $11,643,000 after acquiring an additional 80,516 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of TotalEnergies by 3.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,592,234 shares of the company’s stock valued at $174,665,000 after purchasing an additional 86,642 shares in the last quarter. Finally, Lake Street Advisors Group LLC purchased a new stake in shares of TotalEnergies in the 4th quarter worth approximately $387,000. 13.22% of the stock is currently 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.