Analysts Set TotalEnergies SE (NYSE:TTE) Price Target at $78.75

Shares of TotalEnergies SE (NYSE:TTE) have been assigned an average rating of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $78.75.

TTE has been the subject of a number of research reports. The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. TD Cowen downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Scotiabank decreased their price objective on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Finally, Barclays raised TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd.

Institutional Trading of TotalEnergies

A number of institutional investors and hedge funds have recently bought and sold shares of the company. FSA Wealth Management LLC bought a new stake in TotalEnergies in the 3rd quarter worth about $26,000. Continuum Advisory LLC boosted its position in shares of TotalEnergies by 70.4% during the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after acquiring an additional 183 shares during the last quarter. Larson Financial Group LLC increased its holdings in TotalEnergies by 100.5% in the 2nd quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock valued at $28,000 after acquiring an additional 212 shares during the last quarter. Pathway Financial Advisers LLC purchased a new stake in TotalEnergies in the 1st quarter worth $29,000. Finally, Boit C F David purchased a new position in shares of TotalEnergies during the third quarter valued at about $32,000. 13.22% of the stock is currently owned by institutional investors.

TotalEnergies Stock Down 2.3 %

Shares of NYSE:TTE opened at $58.26 on Friday. The business’s 50-day moving average is $64.62 and its 200-day moving average is $67.32. TotalEnergies has a 1 year low of $58.24 and a 1 year high of $74.97. The company has a market capitalization of $137.58 billion, a price-to-earnings ratio of 8.26, a P/E/G ratio of 1.93 and a beta of 0.64. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88.

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.