TotalEnergies SE (NYSE:TTE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

TotalEnergies SE (NYSE:TTE) has been given a consensus recommendation of “Moderate Buy” by the nine research firms that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $74.50.

Several analysts recently commented on the stock. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Scotiabank dropped their price target on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Finally, TD Cowen cut 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 modified their holdings of TTE. Franklin Resources Inc. raised its position in TotalEnergies by 62.7% in the third quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock worth $273,323,000 after acquiring an additional 1,546,866 shares in the last quarter. Barclays PLC increased its holdings in shares of TotalEnergies by 266.5% in the 3rd quarter. Barclays PLC now owns 674,154 shares of the company’s stock valued at $43,564,000 after purchasing an additional 490,187 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of TotalEnergies by 6,367.4% in the third quarter. International Assets Investment Management LLC now owns 367,607 shares of the company’s stock valued at $23,755,000 after purchasing an additional 361,923 shares during the period. FMR LLC boosted its holdings in TotalEnergies by 2.7% during the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock worth $804,211,000 after buying an additional 324,033 shares in the last quarter. Finally, DRW Securities LLC grew its position in TotalEnergies by 134.5% during the third quarter. DRW Securities LLC now owns 64,209 shares of the company’s stock worth $4,149,000 after buying an additional 250,427 shares during the period. 16.53% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Trading Up 0.1 %

TTE opened at $54.32 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39. TotalEnergies has a 52 week low of $53.29 and a 52 week high of $74.97. The business’s 50 day moving average is $59.73 and its two-hundred day moving average is $64.98. The firm has a market cap of $128.27 billion, a price-to-earnings ratio of 7.70, a price-to-earnings-growth ratio of 1.93 and a beta of 0.61.

TotalEnergies Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be issued a $0.8308 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. TotalEnergies’s dividend payout ratio is presently 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.