10 Undervalued European Stocks To Invest In Now

5. TotalEnergies SE (NYSE:TTE)

Forward P/E: 8.74

Number of Hedge Fund Holders: 25

TotalEnergies SE (NYSE:TTE) is one of the 10 Undervalued European Stocks to Invest in Now. In a report released on June 9, Biraj Borkhataria from RBC Capital maintained a Buy rating on TotalEnergies SE (NYSE:TTE) with a price target of €80.00.

The analyst’s optimistic outlook can be supported by the company’s fiscal Q1 2025 results, which showed a year-on-year production growth of nearly 4% in Oil & Gas and 18% in Electricity. This represents a unique TotalEnergies production growth of around 5%.

TotalEnergies SE’s (NYSE:TTE) adjusted net income for the quarter came up to $4.2 billion and FFO of $7 billion, with robust profitability and a return on capital employed for the 12 months ending in March at 13.2%.

The company is continuing its strong track record of attractive shareholder distribution, with buybacks worth $2 billion executed during fiscal Q1 2025. TotalEnergies SE (NYSE:TTE) also reported a 7.6% year-on-year growth in the first interim dividend of €25 to €0.85 per share, up 20% versus the pre-COVID level.

TotalEnergies SE (NYSE:TTE) operates as a global integrated energy company that produces natural gas and green gases, oil and biofuels, as well as renewables and electricity. It is headquartered in Courbevoie, France, and operates through the following business segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.