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

Shares of TotalEnergies SE (NYSE:TTE) have received a consensus rating of “Moderate Buy” from the ten analysts that are covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $72.42.

Several analysts recently issued reports on TTE shares. Morgan Stanley reissued an “equal weight” rating and issued a $64.10 target price (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. UBS Group raised TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Scotiabank decreased their price target on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. Finally, The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd.

Institutional Trading of TotalEnergies

Several institutional investors and hedge funds have recently modified their holdings of the company. Mather Group LLC. boosted its stake in shares of TotalEnergies by 12.4% in the third quarter. Mather Group LLC. now owns 1,312 shares of the company’s stock worth $85,000 after acquiring an additional 145 shares during the period. Venturi Wealth Management LLC lifted its position in TotalEnergies by 0.6% during the third quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company’s stock valued at $1,793,000 after purchasing an additional 165 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in TotalEnergies by 1.0% in the third quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company’s stock worth $1,085,000 after acquiring an additional 169 shares in the last quarter. Tradition Wealth Management LLC increased its stake in TotalEnergies by 2.5% during the third quarter. Tradition Wealth Management LLC now owns 7,124 shares of the company’s stock worth $460,000 after acquiring an additional 171 shares during the last quarter. Finally, Lake Street Advisors Group LLC raised its holdings in 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 period. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Price Performance

Shares of TotalEnergies stock opened at $56.75 on Friday. The firm has a market cap of $134.01 billion, a PE ratio of 8.05, a price-to-earnings-growth ratio of 1.93 and a beta of 0.61. The company’s fifty day simple moving average is $57.44 and its two-hundred day simple moving average is $63.92. 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 12-month low of $53.29 and a 12-month high of $74.97.

TotalEnergies Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be paid a dividend of $0.8308 per share. The ex-dividend date is Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) 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.