TotalEnergies (NYSE:TTE) Reaches New 1-Year Low – Should You Sell?

TotalEnergies SE (NYSE:TTE)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $58.45 and last traded at $58.58, with a volume of 1088679 shares traded. The stock had previously closed at $59.66.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TTE shares. Scotiabank dropped their target price on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. The Goldman Sachs Group raised shares of TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. TD Cowen cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, Barclays upgraded TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. Five investment 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $78.75.

TotalEnergies Price Performance

The stock has a fifty day moving average of $64.82 and a two-hundred day moving average of $67.43. The stock has a market cap of $137.58 billion, a price-to-earnings ratio of 8.46, a price-to-earnings-growth ratio of 1.93 and a beta of 0.64. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39.

Hedge Funds Weigh In On TotalEnergies

Hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers increased its holdings 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 buying an additional 110,497 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in TotalEnergies during the first quarter worth about $710,000. Crossmark Global Holdings Inc. raised its holdings in shares of TotalEnergies by 48.3% in the 3rd 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 acquired a new position in shares of TotalEnergies in the 3rd quarter valued at about $823,000. Finally, Silvercrest Asset Management Group LLC grew its holdings in shares of TotalEnergies by 8.9% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 107,644 shares of the company’s stock worth $7,409,000 after purchasing an additional 8,827 shares during the period. Hedge funds and other institutional investors own 13.22% of the company’s stock.

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.