TotalEnergies (NYSE:TTE) Upgraded at Citigroup

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

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

TotalEnergies Trading Down 1.4 %

Shares of TotalEnergies stock opened at $64.27 on Wednesday. The stock has a 50 day moving average of $60.96 and a 200 day moving average of $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. The firm has a market capitalization of $154.11 billion, a price-to-earnings ratio of 9.65, a PEG ratio of 0.98 and a beta of 0.56. TotalEnergies has a fifty-two week low of $53.29 and a fifty-two week high of $74.97.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts predict that TotalEnergies will post 8.02 earnings per share for the current year.

Hedge Funds Weigh In On TotalEnergies

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

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.