TotalEnergies SE (NYSE:TTE) Given Consensus Recommendation of “Moderate Buy” by Brokerages

TotalEnergies SE (NYSE:TTE) has received an average recommendation of “Moderate Buy” from the eleven research firms that are currently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and three have given a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $72.42.

TTE has been the topic of a number of recent analyst reports. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Morgan Stanley reaffirmed an “equal weight” rating and set a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Finally, Piper Sandler dropped their price target on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th.

Hedge Funds Weigh In On TotalEnergies

Institutional investors have recently made changes to their positions in the business. Clear Creek Financial Management LLC bought a new position in shares of TotalEnergies in the 4th quarter worth approximately $345,000. CWA Asset Management Group LLC bought a new position in shares of TotalEnergies in the 3rd quarter worth approximately $823,000. Crossmark Global Holdings Inc. raised its stake in TotalEnergies by 48.3% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company’s stock worth $10,815,000 after acquiring an additional 54,478 shares during the period. Logan Capital Management Inc. raised its stake in TotalEnergies by 22.8% during the 3rd quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock worth $4,637,000 after acquiring an additional 13,331 shares during the period. Finally, 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 worth $804,211,000 after acquiring an additional 324,033 shares during the period. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Performance

Shares of TTE stock opened at $60.90 on Thursday. TotalEnergies has a one year low of $53.29 and a one year high of $74.97. The company’s 50-day moving average is $57.11 and its 200 day moving average is $62.41. The company has a market capitalization of $143.81 billion, a price-to-earnings ratio of 9.14, a price-to-earnings-growth ratio of 2.12 and a beta of 0.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, beating the consensus estimate of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. Sell-side analysts expect that TotalEnergies will post 7.92 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st were paid a $0.8308 dividend. The ex-dividend date was Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is presently 36.04%.

About TotalEnergies

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.