TotalEnergies (NYSE:TTE) Shares Gap Up - Is It Still a Good Investment?

Recently, shares of TotalEnergies SE (NYSE:TTE) saw a notable price increase before the market opened on Tuesday. The stock had previously closed at $62.12 but opened at a higher price of $63.52. By the end of trading, TotalEnergies shares reached $63.88, with a trading volume of 247,751 shares.

Analysts Share Their Perspectives

Various analysts have offered their insights on TotalEnergies. For instance, Redburn Atlantic recently upgraded the stock from a "hold" rating to a "strong-buy" rating on January 23. However, on November 27, BNP Paribas downgraded the stock from "outperform" to "neutral." Additionally, Piper Sandler adjusted their price target for TotalEnergies from $77.00 to $62.00 while maintaining a "neutral" rating on December 19. Morgan Stanley also reevaluated their stance, reiterating an "equal weight" rating and reducing their price objective to $64.10, down from $70.40, on January 7. Furthermore, Royal Bank of Canada upgraded the stock from a "sector perform" rating to an "outperform" rating on December 5. In summary, analysts show mixed opinions with six rating the stock as a hold, two giving it a buy rating, and three opting for a strong-buy rating. Overall, TotalEnergies holds an average rating of "Moderate Buy" with a consensus target price set at $72.42.

Performance of TotalEnergies Stock

The stock has experienced a 1.8% rise recently. TotalEnergies boasts a market capitalization of $151.61 billion and has a price-to-earnings ratio of 9.49, along with a price-to-earnings-growth ratio of 0.98 and a beta of 0.56. The company shows a quick ratio of 0.88 and a current ratio of 1.10, with a debt-to-equity ratio of 0.36. Additionally, the stock's 50-day moving average stands at $60.48, while the 200-day moving average is at $61.12.

In its most recent quarterly earnings report released on February 5, TotalEnergies reported earnings per share (EPS) of $1.90, which exceeded analysts' expectations of $1.74 by $0.16. The company recorded a return on equity of 15.22% and a net margin of 7.34%. Analysts predict that TotalEnergies will post an EPS of 8.02 for the current year.

Institutional Investor Activity

Several institutional investors have recently changed their stakes in TotalEnergies. For example, FSA Wealth Management LLC acquired a new stake in the company worth about $26,000 during the third quarter. Continuum Advisory LLC increased its holdings in TotalEnergies by 70.4% in the same quarter, now owning 443 shares valued at $27,000 after gaining 183 additional shares. In the fourth quarter, Asset Planning Inc purchased a new stake worth $31,000, while Bernard Wealth Management Corp acquired a position also valued at $32,000. Furthermore, HHM Wealth Advisors LLC raised its position by 156.3%, now owning 656 shares valued at $36,000 after acquiring 400 more shares. Currently, institutional investors hold about 16.53% of TotalEnergies stock.

About TotalEnergies

TotalEnergies SE is a diverse energy company involved in the production and marketing of oil, biofuels, natural gas, green gases, renewables, and electricity. The company operates across various regions, including France, the rest of Europe, North America, Africa, and internationally, dividing its operations into five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.

Final Thoughts on Investing in TotalEnergies

Before deciding to invest in TotalEnergies, potential investors should be aware of multiple opinions from analysts. While the stock has a "Moderate Buy" rating overall, several analysts have identified other stocks they believe may offer better investment opportunities at this time. Investors may want to explore these alternatives before making a decision.

TotalEnergies, Stock, Investment