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

TotalEnergies SE (NYSE:TTE) has been given a consensus rating of “Moderate Buy” by the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $78.75.

A number of brokerages recently weighed in on TTE. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. TD Cowen cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Barclays raised TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Scotiabank cut their price target 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. Finally, The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a report on Thursday, October 3rd.

Institutional Investors Weigh In On TotalEnergies

Institutional investors have recently modified their holdings of the company. Anchor Investment Management LLC increased its stake in TotalEnergies by 109.3% in the 3rd quarter. Anchor Investment Management LLC now owns 942 shares of the company’s stock valued at $61,000 after purchasing an additional 492 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of TotalEnergies by 7.4% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 725,470 shares of the company’s stock valued at $46,879,000 after buying an additional 50,300 shares in the last quarter. Coldstream Capital Management Inc. raised its stake in shares of TotalEnergies by 16.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 5,317 shares of the company’s stock worth $344,000 after buying an additional 753 shares during the last quarter. Abel Hall LLC boosted its position in shares of TotalEnergies by 3.8% in the 3rd quarter. Abel Hall LLC now owns 7,939 shares of the company’s stock worth $513,000 after buying an additional 289 shares in the last quarter. Finally, Barclays PLC grew its stake in TotalEnergies by 266.5% in the 3rd quarter. Barclays PLC now owns 674,154 shares of the company’s stock valued at $43,564,000 after acquiring an additional 490,187 shares during the last quarter. Hedge funds and other institutional investors own 13.22% of the company’s stock.

TotalEnergies Price Performance

Shares of TTE opened at $59.66 on Friday. 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 firm’s fifty day simple moving average is $64.82 and its 200-day simple moving average is $67.50. The firm has a market capitalization of $140.88 billion, a price-to-earnings ratio of 8.46, a PEG ratio of 1.97 and a beta of 0.64. TotalEnergies has a twelve month low of $58.46 and a twelve month high of $74.97.

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.