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

TotalEnergies SE (NYSE:TTE) has been given an average rating of “Moderate Buy” by the eight research firms that are currently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $78.75.

A number of analysts have issued reports on TTE shares. The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Wolfe Research began coverage on TotalEnergies in a report on Thursday, July 18th. They set an “outperform” rating and a $87.00 target price for the company. TD Cowen lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Finally, Scotiabank lowered their price objective on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th.

TotalEnergies Price Performance

TotalEnergies stock opened at $64.65 on Tuesday. The company’s 50 day simple moving average is $67.33 and its 200-day simple moving average is $68.89. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.87 and a current ratio of 1.11. TotalEnergies has a 1 year low of $62.59 and a 1 year high of $74.97. The company has a market capitalization of $152.67 billion, a price-to-earnings ratio of 7.33, a price-to-earnings-growth ratio of 2.25 and a beta of 0.63.

Institutional Investors Weigh In On TotalEnergies

Hedge funds and other institutional investors have recently modified their holdings of the company. Lincluden Management Ltd. increased its holdings in TotalEnergies by 1.4% in the third quarter. Lincluden Management Ltd. now owns 32,934 shares of the company’s stock valued at $2,128,000 after buying an additional 466 shares during the last quarter. US Bancorp DE boosted its position in shares of TotalEnergies by 1.2% during the 3rd quarter. US Bancorp DE now owns 86,077 shares of the company’s stock worth $5,562,000 after acquiring an additional 1,014 shares in the last quarter. HM Payson & Co. increased its holdings in shares of TotalEnergies by 49.4% in the 3rd quarter. HM Payson & Co. now owns 3,460 shares of the company’s stock valued at $224,000 after acquiring an additional 1,144 shares during the last quarter. Diversify Wealth Management LLC raised its position in shares of TotalEnergies by 28.4% during the 3rd quarter. Diversify Wealth Management LLC now owns 9,932 shares of the company’s stock worth $642,000 after acquiring an additional 2,199 shares in the last quarter. Finally, Pinnacle Associates Ltd. boosted its holdings in TotalEnergies by 74.5% in the third quarter. Pinnacle Associates Ltd. now owns 51,536 shares of the company’s stock valued at $3,473,000 after purchasing an additional 21,996 shares in the last quarter. 13.22% 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.