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

by · The Markets Daily

TotalEnergies SE (NYSE:TTE – Get Free Report) 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.

View Our Latest Stock Analysis on TotalEnergies

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

(Get Free Report

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.

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