TotalEnergies (NYSE:TTE) Downgraded by BNP Paribas to “Neutral”

BNP Paribas downgraded shares of TotalEnergies (NYSE:TTE) from an outperform rating to a neutral rating in a research report released on Wednesday, MarketBeat reports.

Several other research analysts have also weighed in on the company. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Scotiabank decreased their target price 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. Barclays raised shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, TD Cowen lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Six research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $78.75.

TotalEnergies Stock Performance

TotalEnergies stock opened at $57.16 on Wednesday. The firm has a 50 day simple moving average of $64.41 and a 200-day simple moving average of $67.21. The stock has a market cap of $134.97 billion, a price-to-earnings ratio of 8.11, a price-to-earnings-growth ratio of 1.89 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 has a 1-year low of $56.69 and a 1-year high of $74.97.

Institutional Trading of TotalEnergies

A number of institutional investors and hedge funds have recently bought and sold shares of TTE. B. Riley Wealth Advisors Inc. purchased a new position in shares of TotalEnergies in the first quarter valued at approximately $710,000. Tidal Investments LLC lifted its holdings in TotalEnergies by 1.2% during the 1st quarter. Tidal Investments LLC now owns 63,095 shares of the company’s stock worth $4,343,000 after buying an additional 756 shares in the last quarter. New Covenant Trust Company N.A. purchased a new position in TotalEnergies in the 1st quarter valued at approximately $38,000. Cetera Investment Advisers grew its stake in shares of TotalEnergies by 105.0% in the first quarter. Cetera Investment Advisers now owns 215,737 shares of the company’s stock worth $14,849,000 after acquiring an additional 110,497 shares in the last quarter. Finally, Cetera Advisors LLC increased its position in shares of TotalEnergies by 410.4% during the first quarter. Cetera Advisors LLC now owns 88,328 shares of the company’s stock worth $6,080,000 after acquiring an additional 71,023 shares during the period. 13.22% of the stock is currently owned by hedge funds and other institutional investors.

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.