TotalEnergies SE (NYSE:TTE) Receives $78.75 Average Target Price from Analysts

Shares of TotalEnergies SE (NYSE:TTE) have been given an average recommendation of “Moderate Buy” by the eight research firms that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $78.75.

A number of equities research analysts have issued reports on the stock. Scotiabank decreased their price target on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. UBS Group raised TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, TD Cowen downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th.

TotalEnergies Trading Down 2.3 %

TotalEnergies stock opened at $58.26 on Friday. The stock has a market cap of $137.58 billion, a P/E ratio of 8.26, a P/E/G ratio of 1.93 and a beta of 0.64. The company’s fifty day simple moving average is $64.62 and its 200-day simple moving average is $67.32. TotalEnergies has a 12 month low of $58.24 and a 12 month high of $74.97. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39.

Institutional Trading of TotalEnergies

Hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC grew its holdings in shares of TotalEnergies by 266.5% during the third quarter. Barclays PLC now owns 674,154 shares of the company’s stock worth $43,564,000 after purchasing an additional 490,187 shares during the last quarter. International Assets Investment Management LLC increased its position in TotalEnergies by 6,367.4% in the 3rd quarter. International Assets Investment Management LLC now owns 367,607 shares of the company’s stock valued at $23,755,000 after acquiring an additional 361,923 shares during the period. FMR LLC increased its position in 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 acquiring an additional 324,033 shares during the period. DRW Securities LLC lifted its holdings in shares of TotalEnergies by 134.5% during the third quarter. DRW Securities LLC now owns 64,209 shares of the company’s stock worth $4,149,000 after purchasing an additional 250,427 shares during the period. Finally, Generate Investment Management Ltd bought a new stake in shares of TotalEnergies in the second quarter worth $13,306,000. Institutional investors and hedge funds 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.