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

On Tuesday, TotalEnergies SE (NYSE:TTE) saw its shares gap up at the start of trading. Previously closing at $62.12, the stock opened higher at $63.52 and was last seen trading at $63.88, with a trading volume of 247,751 shares.

Analyst Opinions on TotalEnergies

TotalEnergies has recently been the focus of various research analyses. Redburn Atlantic enhanced its rating of TotalEnergies from "hold" to "strong buy" on January 23. Conversely, BNP Paribas downgraded the stock from "outperform" to "neutral" in a note on November 27. Piper Sandler also adjusted their target price from $77.00 to $62.00, marking their stance as "neutral" on December 19. Morgan Stanley reiterated an "equal weight" rating with a revised price target of $64.10, down from $70.40, on January 7. On a positive note, Royal Bank of Canada upgraded TotalEnergies from "sector perform" to "outperform" on December 5. Overall, six research analysts have given the stock a hold rating, two have issued buy ratings, and three have categorized it as a strong buy. Data from MarketBeat.com shows that TotalEnergies holds an average rating of "Moderate Buy" with a consensus target price of $72.42.

TotalEnergies Stock Performance

The company's market capitalization stands at approximately $151.61 billion, with a price-to-earnings ratio of 9.49 and a price-to-earnings growth ratio of 0.98. With a beta of 0.56, TotalEnergies has displayed stability in the market. The quick ratio for the firm is 0.88, the current ratio is 1.10, and its debt-to-equity ratio is 0.36. The stock's moving averages indicate a recent performance, with the 50-day moving average at $60.48 and the 200-day at $61.12.

Most recently, TotalEnergies reported its quarterly earnings on February 5, posting earnings per share (EPS) of $1.90, surpassing the analysts' expectations of $1.74 by $0.16. The company also recorded a return on equity of 15.22% and a net margin of 7.34%. Analysts predict that TotalEnergies will achieve an EPS of 8.02 in the ongoing year.

Institutional Investor Interest

Several institutional investors have made recent changes to their holdings in TotalEnergies. FSA Wealth Management LLC acquired a new stake worth about $26,000 during the third quarter. Continuum Advisory LLC increased its stake in the company by 70.4% during the same period, now holding 443 shares valued at $27,000 after adding an additional 183 shares. Another firm, Asset Planning Inc, bought a new stake worth $31,000 in the fourth quarter. Bernard Wealth Management Corp. also acquired a new position during the same period, investing around $32,000. Lastly, HHM Wealth Advisors LLC raised its shares in TotalEnergies by a significant 156.3% during the fourth quarter, holding now 656 shares valued at $36,000. Presently, institutional investors own about 16.53% of TotalEnergies stock.

About TotalEnergies

TotalEnergies SE operates as a multi-energy company that produces and markets oil, biofuels, natural gas, green gases, renewables, and electricity, serving regions including France, the rest of Europe, North America, Africa, and beyond. The company is segmented into five main areas: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.

Conclusion: Should You Invest in TotalEnergies?

Before making a decision to invest in TotalEnergies, it's worth noting that analysts recommend a "Moderate Buy". However, leading analysts have identified several other stocks that they consider potentially more lucrative at this stage.

If you're considering an investment of $1,000 in TotalEnergies, it may be prudent to review other recommendations before finalizing your portfolio choices. The investment landscape is ever-evolving, and it's essential to stay informed regarding the options available.

TotalEnergies, stocks, investing