TotalEnergies (NYSE:TTE) Downgraded to "Neutral" Rating by BNP Paribas

TotalEnergies (NYSE:TTE - Get Free Report) was downgraded by BNP Paribas from an "outperform" rating to a "neutral" rating in a note issued to investors on Wednesday,Briefing.com Automated Import reports.

A number of other equities research analysts have also weighed in on the company. UBS Group raised TotalEnergies to a "strong-buy" rating in a research note on Wednesday, October 9th. Barclays raised TotalEnergies to a "strong-buy" rating in a research note on Wednesday, October 2nd. The Goldman Sachs Group raised shares of TotalEnergies to a "hold" rating in a research report on Thursday, October 3rd. Scotiabank decreased their price objective on shares of 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, TD Cowen lowered shares of TotalEnergies from a "strong-buy" rating to a "hold" rating in a report on Monday, September 30th. Six 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 company. According to data from MarketBeat.com, TotalEnergies presently has a consensus rating of "Moderate Buy" and a consensus price target of $78.75.

TotalEnergies Trading Down 1.3 %

Shares of TTE opened at $57.53 on Wednesday. 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 fifty-two week low of $57.20 and a fifty-two week high of $74.97. The firm has a 50 day moving average price of $64.62 and a 200-day moving average price of $67.32. The firm has a market cap of $135.85 billion, a price-to-earnings ratio of 8.16, a PEG ratio of 1.89 and a beta of 0.64.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Cetera Investment Advisers increased its holdings in shares of TotalEnergies by 105.0% during the first quarter. Cetera Investment Advisers now owns 215,737 shares of the company's stock valued at $14,849,000 after acquiring an additional 110,497 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in TotalEnergies during the 1st quarter valued at about $710,000. Crossmark Global Holdings Inc. raised its holdings in TotalEnergies by 48.3% in the third quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company's stock worth $10,815,000 after buying an additional 54,478 shares during the last quarter. CWA Asset Management Group LLC bought a new position in shares of TotalEnergies in the third quarter worth approximately $823,000. Finally, Equity Investment Corp grew its holdings in shares of TotalEnergies by 2.3% during the third quarter. Equity Investment Corp now owns 1,862,312 shares of the company's stock valued at $120,343,000 after buying an additional 41,564 shares during the last quarter. 13.22% of the stock is owned by hedge funds and other institutional investors.

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.

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