TotalEnergies SE (NYSE:TTE) Given Average Recommendation of “Hold” by Brokerages
TotalEnergies SE (NYSE:TTE – Get Free Report) has been assigned an average rating of “Hold” from the ten ratings firms that are currently covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $59.33.
TTE has been the topic of a number of recent research reports. TD Cowen reduced their target price on shares of TotalEnergies from $59.00 to $58.00 and set a “market perform” rating on the stock in a report on Thursday, August 17th. Jefferies Financial Group lowered shares of TotalEnergies from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Citigroup initiated coverage on shares of TotalEnergies in a report on Wednesday, August 30th. They issued a “neutral” rating on the stock.
TotalEnergies Price Performance
TotalEnergies stock opened at $67.36 on Friday. TotalEnergies has a 52 week low of $54.94 and a 52 week high of $69.51. The company has a quick ratio of 0.91, a current ratio of 1.15 and a debt-to-equity ratio of 0.35. The firm’s 50-day simple moving average is $66.48 and its 200 day simple moving average is $62.52. The firm has a market capitalization of $165.34 billion, a PE ratio of 8.59, a P/E/G ratio of 0.74 and a beta of 0.74.
TotalEnergies (NYSE:TTE – Get Free Report) last released its quarterly earnings data on Thursday, October 26th. The company reported $2.63 EPS for the quarter, topping the consensus estimate of $2.50 by $0.13. TotalEnergies had a net margin of 8.10% and a return on equity of 21.81%. The business had revenue of $59.02 billion for the quarter, compared to analyst estimates of $41.84 billion. On average, equities research analysts predict that TotalEnergies will post 9.88 EPS for the current fiscal year.
TotalEnergies Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.8092 per share. The ex-dividend date is Thursday, December 28th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 4.81%. This is an increase from TotalEnergies’s previous quarterly dividend of $0.81. TotalEnergies’s dividend payout ratio is currently 29.34%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. B. Riley Wealth Advisors Inc. increased its stake in shares of TotalEnergies by 17.9% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 10,665 shares of the company’s stock valued at $710,000 after acquiring an additional 1,621 shares during the last quarter. American Century Companies Inc. increased its position in TotalEnergies by 0.4% during the 3rd quarter. American Century Companies Inc. now owns 3,160,760 shares of the company’s stock worth $207,852,000 after purchasing an additional 11,094 shares in the last quarter. Graham Capital Management L.P. acquired a new stake in TotalEnergies during the 3rd quarter worth approximately $566,000. Creative Planning increased its position in TotalEnergies by 2.7% during the 3rd quarter. Creative Planning now owns 109,039 shares of the company’s stock worth $7,170,000 after purchasing an additional 2,859 shares in the last quarter. Finally, Essex Financial Services Inc. increased its position in TotalEnergies by 7.6% during the 3rd quarter. Essex Financial Services Inc. now owns 7,106 shares of the company’s stock worth $467,000 after purchasing an additional 500 shares in the last quarter. Institutional investors and hedge funds own 6.53% of the company’s stock.
About TotalEnergies (Get Free Report
TotalEnergies SE, a multi-energy company, produces and markets fuels, natural gas, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through Integrated Gas, Renewables & Power; Exploration & Production; Refining & Chemicals; and Marketing & Services segments.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider TotalEnergies, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and TotalEnergies wasn’t on the list.
While TotalEnergies currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.