TotalEnergies (NYSE:TTE) Upgraded at Citigroup

Citigroup upgraded shares of TotalEnergies (NYSE:TTE) from a neutral rating to a buy rating in a research report report published on Wednesday, MarketBeat.com reports.

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

TotalEnergies Price Performance

Shares of TTE opened at $64.27 on Wednesday. The company has a market capitalization of $154.11 billion, a P/E ratio of 9.65, a P/E/G ratio of 0.98 and a beta of 0.56. The business’s 50-day moving average is $60.96 and its two-hundred day moving average is $61.13. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10. TotalEnergies has a fifty-two week low of $53.29 and a fifty-two week high of $74.97.

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 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 predict that TotalEnergies will post 8.02 earnings per share for the current year.

Institutional Trading of TotalEnergies

Large investors have recently bought and sold shares of the business. Bank of America Corp DE lifted its stake in TotalEnergies by 121.1% in the 4th quarter. Bank of America Corp DE now owns 7,648,225 shares of the company’s stock worth $416,828,000 after purchasing an additional 4,189,652 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of TotalEnergies in the fourth quarter valued at approximately $156,044,000. Franklin Resources Inc. lifted its position in TotalEnergies by 41.7% during the fourth quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company’s stock worth $309,851,000 after buying an additional 1,672,387 shares in the last quarter. Northern Trust Corp boosted its stake in TotalEnergies by 41.7% during the fourth quarter. Northern Trust Corp now owns 1,783,017 shares of the company’s stock worth $97,174,000 after buying an additional 524,314 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in TotalEnergies by 295.3% in the 4th quarter. BNP Paribas Financial Markets now owns 689,494 shares of the company’s stock valued at $37,577,000 after buying an additional 515,088 shares in the last quarter. Hedge funds and other institutional investors 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.