Berenberg Bank Remains a Hold on TotalEnergies SE (TTE)

Berenberg Bank analyst Henry Tarr maintained a Hold rating on TotalEnergies SE yesterday and set a price target of €78.00.

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According to TipRanks, Tarr is a 4-star analyst with an average return of 5.6% and a 56.85% success rate. Tarr covers the Energy sector, focusing on stocks such as Shell (UK), BP p.l.c., and TotalEnergies SE.

In addition to Berenberg Bank, TotalEnergies SE also received a Hold from TipRanks – Anthropic’s Anthropic Energy GB in a report issued on March 31. However, today, TipRanks – xAI reiterated a Buy rating on TotalEnergies SE (LSE: TTE).

Based on TotalEnergies SE’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €46.35 billion and a net profit of €2.93 billion. In comparison, last year the company earned a revenue of €47.12 billion and had a net profit of €3.96 billion

Based on the recent corporate insider activity of 98 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TTE in relation to earlier this year.