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

Shares of TotalEnergies SE (NYSE:TTE) have been given an average recommendation of “Moderate Buy” by the nine analysts that are covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $78.75.

Several equities analysts recently commented on TTE shares. Scotiabank dropped 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. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Barclays upgraded TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. TD Cowen cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Finally, The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a report on Thursday, October 3rd.

TotalEnergies Stock Down 0.7 %

TTE stock opened at $57.16 on Friday. The firm has a 50-day moving average price of $64.41 and a 200-day moving average price of $67.21. TotalEnergies has a 12 month low of $56.69 and a 12 month high of $74.97. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $134.97 billion, a P/E ratio of 8.11, a price-to-earnings-growth ratio of 1.89 and a beta of 0.64.

Institutional Investors Weigh In On TotalEnergies

Large investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers boosted its position in shares of TotalEnergies by 105.0% during the 1st quarter. Cetera Investment Advisers now owns 215,737 shares of the company’s stock worth $14,849,000 after purchasing an additional 110,497 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of TotalEnergies during the first quarter valued at approximately $710,000. Crossmark Global Holdings Inc. raised its position in shares of TotalEnergies by 48.3% during the third quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company’s stock worth $10,815,000 after purchasing an additional 54,478 shares during the period. CWA Asset Management Group LLC bought a new position in shares of TotalEnergies in the 3rd quarter worth $823,000. Finally, Silvercrest Asset Management Group LLC grew its position in TotalEnergies by 8.9% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 107,644 shares of the company’s stock valued at $7,409,000 after purchasing an additional 8,827 shares during the period. Institutional investors and hedge funds own 13.22% of the company’s stock.

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.