TotalEnergies (NYSE:TTE) Reaches New 12-Month Low – Here’s Why

TotalEnergies SE (NYSE:TTE) reached a new 52-week low during trading on Tuesday . The company traded as low as $59.59 and last traded at $59.71, with a volume of 163189 shares trading hands. The stock had previously closed at $61.08.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wolfe Research assumed coverage on TotalEnergies in a research report on Thursday, July 18th. They set an “outperform” rating and a $87.00 price target on the stock. Scotiabank dropped their price target on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. TD Cowen lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Barclays raised shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $78.75.

TotalEnergies Trading Up 0.5 %

The company has a market cap of $141.38 billion, a price-to-earnings ratio of 8.49, a price-to-earnings-growth ratio of 1.91 and a beta of 0.64. The company’s 50 day moving average price is $65.70 and its 200 day moving average price is $68.04. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10.

Institutional Investors Weigh In On TotalEnergies

Large investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC grew its position in shares of TotalEnergies by 100.5% in the second quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock valued at $28,000 after purchasing an additional 212 shares during the last quarter. Pathway Financial Advisers LLC bought a new position in TotalEnergies in the 1st quarter worth approximately $29,000. Boit C F David bought a new position in TotalEnergies during the third quarter worth $32,000. Maryland Capital Advisors Inc. acquired a new position in TotalEnergies during the 3rd quarter valued at $32,000. Finally, Eastern Bank acquired a new stake in TotalEnergies in the 3rd quarter worth $32,000. Institutional investors 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.