TotalEnergies (NYSE:TTE) Downgraded by TD Cowen to “Hold”

TD Cowen cut shares of TotalEnergies (NYSE:TTE) from a strong-buy rating to a hold rating in a report issued on Monday, Zacks.com reports.

A number of other analysts have also weighed in on TTE. Wolfe Research started coverage on shares of TotalEnergies in a research note on Thursday, July 18th. They set an outperform rating and a $87.00 price objective for the company. Scotiabank decreased their price objective on shares of TotalEnergies from $86.00 to $80.00 and set a sector perform rating for the company in a report on Friday, July 12th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of $80.00.

TotalEnergies Price Performance

Shares of TTE opened at $64.62 on Monday. TotalEnergies has a fifty-two week low of $62.28 and a fifty-two week high of $74.97. The firm’s 50-day simple moving average is $67.68 and its two-hundred day simple moving average is $69.42. The stock has a market cap of $152.60 billion, a PE ratio of 7.29, a price-to-earnings-growth ratio of 1.78 and a beta of 0.64. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.87 and a current ratio of 1.11.

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

Institutional Investors Weigh In On TotalEnergies

Hedge funds have recently added to or reduced their stakes in the stock. Fisher Asset Management LLC increased its position in TotalEnergies by 1.8% during the fourth quarter. Fisher Asset Management LLC now owns 21,144,503 shares of the company’s stock valued at $1,424,717,000 after acquiring an additional 379,198 shares during the last quarter. Capital International Investors increased its position in shares of TotalEnergies by 2.1% during the 1st quarter. Capital International Investors now owns 4,858,097 shares of the company’s stock valued at $334,383,000 after purchasing an additional 100,059 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake 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 worth $174,665,000 after purchasing an additional 86,642 shares during the period. Natixis Advisors LLC lifted its stake in shares of TotalEnergies by 3.4% in the 2nd quarter. Natixis Advisors LLC now owns 2,160,603 shares of the company’s stock worth $144,069,000 after purchasing an additional 71,658 shares during the period. Finally, Clearbridge Investments LLC boosted its holdings in shares of TotalEnergies by 1.5% in the first quarter. Clearbridge Investments LLC now owns 2,039,311 shares of the company’s stock worth $140,366,000 after buying an additional 31,123 shares during the last quarter. 13.22% of the stock is currently owned by hedge funds and other 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.