TotalEnergies SE (NYSE:TTE) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of TotalEnergies SE (NYSE:TTE) have been given a consensus recommendation of “Moderate Buy” by the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $72.42.

A number of analysts have recently issued reports on the company. Morgan Stanley restated an “equal weight” rating and issued a $64.10 target price (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Barclays raised TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Finally, The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a report on Thursday, October 3rd.

TotalEnergies Stock Performance

TotalEnergies stock opened at $59.06 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. The company has a market cap of $139.47 billion, a P/E ratio of 8.38, a price-to-earnings-growth ratio of 1.96 and a beta of 0.61. TotalEnergies has a fifty-two week low of $53.29 and a fifty-two week high of $74.97. The firm’s 50 day simple moving average is $57.12 and its 200-day simple moving average is $63.73.

TotalEnergies Cuts Dividend

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

Institutional Investors Weigh In On TotalEnergies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FSA Wealth Management LLC bought a new position in shares of TotalEnergies in the third quarter valued at approximately $26,000. Continuum Advisory LLC grew its stake in TotalEnergies by 70.4% in the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after buying an additional 183 shares during the last quarter. Boit C F David bought a new position in TotalEnergies in the 3rd quarter worth $32,000. Maryland Capital Advisors Inc. acquired a new position in TotalEnergies during the 3rd quarter worth $32,000. Finally, Eastern Bank bought a new stake in TotalEnergies during the third quarter valued at about $32,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

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.