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    TTE   FR0000120271

TOTALENERGIES SE

(TTE)
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TotalEnergies: will not do big deals in renewables sector, plays down Engie bid talk

11/18/2021 | 02:37pm EST

PARIS, Nov 18 (Reuters) - French company TotalEnergies will not make any big acquisition in the renewables industry due to the sector's high valuations, said company head Patrick Pouyanne, who also played down talk of interest in Engie .

Asked at an investor day event about the Engie bid chatter, Pouyanne replied: "I am not sure it would be a big producer of renewable energy since, in terms of wind and solar power, we are also big and actually even a bit bigger."

"I shall tell you why we would not do it. It is because those sorts of companies, and there are a few others such as Orsted and some other well-known names - they are extremely expensive," added Pouyanne. (Reporting by Benjamin Mallet; Editing by Sudip Kar-Gupta/Jean-Stephane Brosse)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ENGIE 0.00% 13.886 Real-time Quote.6.70%
ORSTED A/S -2.74% 724.4 Delayed Quote.-13.27%
TOTALENERGIES SE 1.50% 49.535 Real-time Quote.10.99%
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Financials (USD)
Sales 2021 180 B - -
Net income 2021 15 596 M - -
Net Debt 2021 34 876 M - -
P/E ratio 2021 9,84x
Yield 2021 5,47%
Capitalization 147 B 147 B -
EV / Sales 2021 1,01x
EV / Sales 2022 0,87x
Nbr of Employees 105 476
Free-Float -
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Technical analysis trends TOTALENERGIES SE
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Mean consensus BUY
Number of Analysts 25
Last Close Price 56,54 $
Average target price 59,78 $
Spread / Average Target 5,73%
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Managers and Directors
Patrick PouyannÚ Chairman & Chief Executive Officer
Jean-Pierre Gerard Claude Sbraire Chief Financial Officer
Marie-Noelle Semeria Chief Technology Officer
Patrick Artus Independent Director
Marie-Christine Coisne-Roquette Lead Independent Director
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