TotalEnergies SE: Strong Growth, Energy Transition Leadership, and Attractive Shareholder Returns Support Buy Rating

DBS analyst Suvro Sarkar maintained a Buy rating on TotalEnergies SE (TTE – Research Report) today and set a price target of €58.00.

Suvro Sarkar’s rating is based on TotalEnergies SE’s strong upstream production growth and commitment to shareholder returns despite macroeconomic uncertainties. The company has reaffirmed its production growth target and continues to maintain its buyback levels, which are attractive to investors.
Additionally, TotalEnergies is leading in the energy transition by diversifying its energy mix and investing significantly in low-carbon businesses, aiming to become a top global renewable player. Its strategic position in the LNG market, coupled with high spot LNG prices, also positions it well for future growth. The company’s focus on a multi-energy strategy for sustainable growth, combined with its strong ESG scores and competitive return on equity, further supports the Buy rating. The healthy dividend yield and ongoing share buybacks provide additional support to the stock’s attractiveness.

Based on the recent corporate insider activity of 136 insiders, corporate insider sentiment is neutral on the stock.