TotalEnergies SE (NYSE:TTE) Receives $78.75 Average Target Price from Analysts

by · The Markets Daily

TotalEnergies SE (NYSE:TTE – Get Free Report) has received an average rating of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $78.75.

Several analysts have recently issued reports on the stock. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group raised shares of TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Barclays raised shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. TD Cowen cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Finally, Scotiabank decreased their price target on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th.

View Our Latest Stock Report on TTE

Institutional Investors Weigh In On TotalEnergies

A number of institutional investors have recently modified their holdings of the stock. Mather Group LLC. raised its stake in shares of TotalEnergies by 12.4% in the 3rd quarter. Mather Group LLC. now owns 1,312 shares of the company’s stock valued at $85,000 after purchasing an additional 145 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of TotalEnergies by 3.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,379 shares of the company’s stock valued at $301,000 after buying an additional 153 shares during the last quarter. Hexagon Capital Partners LLC grew its position in shares of TotalEnergies by 5.1% during the 2nd quarter. Hexagon Capital Partners LLC now owns 3,406 shares of the company’s stock valued at $227,000 after buying an additional 164 shares during the last quarter. Venturi Wealth Management LLC grew its position in shares of TotalEnergies by 0.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company’s stock valued at $1,793,000 after buying an additional 165 shares during the last quarter. Finally, Lake Street Advisors Group LLC grew its position in shares of TotalEnergies by 2.2% during the 3rd quarter. Lake Street Advisors Group LLC now owns 8,595 shares of the company’s stock valued at $563,000 after buying an additional 181 shares during the last quarter. Institutional investors and hedge funds own 13.22% of the company’s stock.

TotalEnergies Stock Up 0.8 %

Shares of NYSE TTE opened at $62.99 on Tuesday. TotalEnergies has a 52-week low of $61.95 and a 52-week high of $74.97. The firm has a fifty day moving average of $66.72 and a 200-day moving average of $68.58. The stock has a market capitalization of $148.75 billion, a PE ratio of 8.93, a P/E/G ratio of 2.20 and a beta of 0.64. 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 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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