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

Shares of TotalEnergies SE (NYSE:TTE) have earned an average rating of “Moderate Buy” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $74.50.

TTE has been the topic of several recent research reports. 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. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Barclays raised shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, TD Cowen lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th.

Hedge Funds Weigh In On TotalEnergies

Hedge funds have recently modified their holdings of the company. FSA Wealth Management LLC bought a new position in shares of TotalEnergies during the third quarter valued at approximately $26,000. Continuum Advisory LLC increased its position in TotalEnergies by 70.4% during the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares during the period. Larson Financial Group LLC raised its holdings in TotalEnergies by 100.5% in the 2nd quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock worth $28,000 after purchasing an additional 212 shares in the last quarter. Boit C F David bought a new stake in shares of TotalEnergies during the 3rd quarter valued at about $32,000. Finally, Maryland Capital Advisors Inc. purchased a new position in shares of TotalEnergies during the third quarter valued at about $32,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Up 0.9 %

Shares of NYSE:TTE opened at $54.15 on Wednesday. The firm has a market capitalization of $127.87 billion, a PE ratio of 7.68, a price-to-earnings-growth ratio of 1.93 and a beta of 0.61. 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 has a 52-week low of $53.29 and a 52-week high of $74.97. The firm has a fifty day moving average of $60.22 and a 200 day moving average of $65.28.

TotalEnergies Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.8308 per share. The ex-dividend date of this dividend is Tuesday, December 31st. TotalEnergies’s payout ratio is currently 34.75%.

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.