TotalEnergies SE (NYSE: TTE – Get Rating) received an average recommendation of “Hold” from the fifteen analysts who cover the company, reports MarketBeat.com. One equity research analyst rated the stock a sell rating, nine gave the company a hold rating and two issued a buy rating. The 12-month average target price among brokerages that have covered the stock over the past year is $61.86.
TTE has been the subject of several research reports. HSBC upgraded TotalEnergies from a “buy” to a “hold” rating in a Monday, March 21 research report. Piper Sandler restated a “neutral” rating and issued a price target of $64.00 (vs. $72.00) on TotalEnergies shares in a Thursday, April 7 report. Morgan Stanley lowered its price target on TotalEnergies shares from €59.00 ($64.13) to €56.00 ($60.87) and set an “equal weight” rating for the company in a Wednesday, March 23 report. Zacks Investment Research has downgraded TotalEnergies shares from a “buy” rating to a “hold” rating and set a price target of $61.00 for the company. in a report on Wednesday, February 2. Finally, Jefferies Financial Group downgraded shares of TotalEnergies from a “buy” rating to a “hold” rating in a Wednesday, April 6 report.
NYSE TTE was down $0.14 during Monday trading hours, hitting $50.90. 2,239,624 shares of shares traded in hands, compared to its average volume of 2,549,061. The company has a market cap of $132.68 billion, a price-to-earnings ratio of 8.61, a price-to- growth earnings of 0.73 and a beta of 0.85. The stock has a 50-day simple moving average of $52.50 and a 200-day simple moving average of $51.78. The company has a debt ratio of 0.43, a current ratio of 1.17 and a quick ratio of 0.96. TotalEnergies has a 1-year low of $40.33 and a 1-year high of $60.03.
TotalEnergies (NYSE:TTE – Get Rating) last released quarterly earnings data on Thursday, February 10. The company reported EPS of $2.55 for the quarter, beating Thomson Reuters consensus estimate of $2.06 by $0.49. The company had revenue of $55.30 billion for the quarter. TotalEnergies posted a return on equity of 16.04% and a net margin of 7.98%. On average, sell-side analysts expect TotalEnergies to post EPS of 10.52 for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 12. Shareholders of record on Monday, March 21 received a dividend of $0.544 per share. The ex-dividend date was Friday, March 18. This represents a dividend of $2.18 on an annualized basis and a yield of 4.28%. TotalEnergies’ dividend distribution rate is currently 36.21%.
A number of institutional investors and hedge funds have recently changed their positions in TTE. Fisher Asset Management LLC bought a new stake in shares of TotalEnergies in the 4th quarter at a value of $1,234,997,000. Bank of America Corp DE bought a new stake in shares of TotalEnergies in Q4 worth $314,133,000. Wells Fargo & Company MN bought a new stake in TotalEnergies stock in Q4 worth $282,309,000. American Century Companies Inc. bought a new position in TotalEnergies in the 4th quarter for a value of $167,974,000. Finally, Parametric Portfolio Associates LLC bought a new position in TotalEnergies in Q4 worth $115,239,000. Institutional investors and hedge funds hold 11.91% of the company’s shares.
TotalEnergies Company Profile (Get an evaluation)
TotalEnergies SE operates as an integrated oil and gas company worldwide. The Company operates through four segments: Exploration & Production; integrated gas, renewable energies and electricity; Refining & Chemicals; and Marketing & Services. The Company’s Exploration & Production segment is involved in oil and natural gas exploration and production activities in approximately 50 countries.
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