TotalEnergies (NYSE:TTE – Get Free Report)‘s stock had its “equal weight” rating reissued by stock analysts at Morgan Stanley in a research report issued on Tuesday, Marketbeat reports. They currently have a $64.10 target price on the stock, down from their previous target price of $70.40. Morgan Stanley’s price target points to a potential upside of 12.77% from the company’s current price.
Several other research analysts have also commented on TTE. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Piper Sandler lowered their price objective on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. TD Cowen lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. UBS Group raised TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Six analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $72.42.
Read Our Latest Stock Analysis on TTE
TotalEnergies Stock Performance
Institutional Trading of TotalEnergies
A number of hedge funds have recently modified their holdings of TTE. FSA Wealth Management LLC purchased a new stake in shares of TotalEnergies in the third quarter valued at $26,000. Continuum Advisory LLC raised its holdings in shares of TotalEnergies by 70.4% during the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after acquiring an additional 183 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of TotalEnergies by 100.5% during the second quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock worth $28,000 after acquiring an additional 212 shares in the last quarter. Boit C F David purchased a new stake in shares of TotalEnergies during the third quarter worth $32,000. Finally, Maryland Capital Advisors Inc. purchased a new stake in shares of TotalEnergies during the third quarter worth $32,000. Hedge funds and other institutional investors own 16.53% 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.
Recommended Stories
- Five stocks we like better than TotalEnergies
- How Can Investors Benefit From After-Hours Trading
- Moderna Shares Spike on H5N1 News—What’s Next for Investors?
- 3 Warren Buffett Stocks to Buy Now
- Nebius Group (NBIS): A Small-Cap Backed by NVIDIA
- How to Invest in Small Cap Stocks
- Natural Gas Demand to Surge: Top 3 Stocks and ETFs to Consider
Receive News & Ratings for TotalEnergies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TotalEnergies and related companies with MarketBeat.com's FREE daily email newsletter.