Brokerages Set TotalEnergies SE (NYSE:TTE) Price Target at $72.42

Shares of TotalEnergies SE (NYSE:TTE) have received a consensus rating of “Moderate Buy” from the ten ratings firms that are presently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $72.42.

TTE has been the subject of several research reports. Scotiabank decreased their target price on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Morgan Stanley reiterated an “equal weight” rating and set a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Finally, TD Cowen downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th.

Institutional Trading of TotalEnergies

Several hedge funds have recently bought and sold shares of TTE. CWA Asset Management Group LLC acquired a new stake in shares of TotalEnergies in the third quarter valued at approximately $823,000. Crossmark Global Holdings Inc. grew its holdings in TotalEnergies by 48.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company’s stock worth $10,815,000 after buying an additional 54,478 shares in the last quarter. Logan Capital Management Inc. increased its position in TotalEnergies by 22.8% in the 3rd quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock valued at $4,637,000 after acquiring an additional 13,331 shares during the period. FMR LLC raised its stake in TotalEnergies by 2.7% during the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after acquiring an additional 324,033 shares in the last quarter. Finally, Equity Investment Corp boosted its position in TotalEnergies by 2.3% during the 3rd quarter. Equity Investment Corp now owns 1,862,312 shares of the company’s stock worth $120,343,000 after acquiring an additional 41,564 shares during the period. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Stock Up 0.8 %

NYSE:TTE opened at $59.47 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10. The company has a market capitalization of $140.43 billion, a price-to-earnings ratio of 8.43, a price-to-earnings-growth ratio of 1.96 and a beta of 0.61. TotalEnergies has a one year low of $53.29 and a one year high of $74.97. The stock has a 50-day simple moving average of $57.01 and a 200 day simple moving average of $63.60.

TotalEnergies Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.8308 per share. The ex-dividend date of this dividend is Tuesday, December 31st. TotalEnergies’s dividend payout ratio is currently 34.75%.

TotalEnergies Company Profile

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.