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

TotalEnergies SE (NYSE:TTE) has earned a consensus rating of “Moderate Buy” from the nine analysts that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $74.50.

A number of equities research analysts recently commented on the stock. BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. TD Cowen cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Barclays raised TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Finally, Scotiabank reduced their price objective on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th.

TotalEnergies Stock Up 0.1 %

TotalEnergies stock opened at $54.32 on Wednesday. TotalEnergies has a fifty-two week low of $53.29 and a fifty-two week high of $74.97. The firm has a market capitalization of $128.27 billion, a price-to-earnings ratio of 7.70, a price-to-earnings-growth ratio of 1.93 and a beta of 0.61. The stock’s fifty day moving average is $59.73 and its two-hundred day moving average is $64.98. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10.

TotalEnergies Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.8308 per share. The ex-dividend date of this dividend is Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is 34.75%.

Hedge Funds Weigh In On TotalEnergies

Several institutional investors have recently added to or reduced their stakes in TTE. CWA Asset Management Group LLC purchased a new stake in TotalEnergies in the 3rd quarter valued at about $823,000. &PARTNERS grew its holdings in TotalEnergies by 320.1% in the second quarter. &PARTNERS now owns 21,706 shares of the company’s stock valued at $1,447,000 after purchasing an additional 16,539 shares during the period. Crossmark Global Holdings Inc. increased its position in 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 last quarter. Van ECK Associates Corp raised its stake in TotalEnergies by 33.1% during the second quarter. Van ECK Associates Corp now owns 30,669 shares of the company’s stock worth $2,045,000 after purchasing an additional 7,631 shares during the period. Finally, FMR LLC boosted its holdings in shares of TotalEnergies by 2.7% in the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after purchasing an additional 324,033 shares during the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.

About TotalEnergies

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.