Morgan Stanley Reaffirms "Equal Weight" Rating for TotalEnergies (NYSE:TTE)

Morgan Stanley reaffirmed their equal weight rating on shares of TotalEnergies (NYSE:TTE - Free Report) in a research report report published on Tuesday, Marketbeat reports. Morgan Stanley currently has a $64.10 price objective on the stock, down from their previous price objective of $70.40.

A number of other analysts have also recently issued reports on TTE. Piper Sandler reduced their price objective on TotalEnergies from $77.00 to $62.00 and set a "neutral" rating for the company in a research report on Thursday, December 19th. Barclays upgraded TotalEnergies to a "strong-buy" rating in a report on Wednesday, October 2nd. Royal Bank of Canada upgraded TotalEnergies from a "sector perform" rating to an "outperform" rating in a report on Thursday, December 5th. TD Cowen lowered TotalEnergies from a "strong-buy" rating to a "hold" rating in a report on Monday, September 30th. Finally, BNP Paribas lowered TotalEnergies from an "outperform" rating to a "neutral" rating in a report on Wednesday, November 27th. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, TotalEnergies currently has an average rating of "Moderate Buy" and a consensus price target of $72.42.

TotalEnergies Stock Up 1.0 %

Shares of TotalEnergies stock traded up $0.55 during midday trading on Tuesday, hitting $57.07. The company's stock had a trading volume of 2,261,269 shares, compared to its average volume of 1,859,442. The firm has a market capitalization of $134.77 billion, a P/E ratio of 8.10, a PEG ratio of 1.93 and a beta of 0.61. The stock has a 50-day simple moving average of $57.94 and a 200-day simple moving average of $64.18. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39. TotalEnergies has a 1-year low of $53.29 and a 1-year high of $74.97.

TotalEnergies Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st will be paid a $0.8308 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. TotalEnergies's payout ratio is presently 34.75%.

Hedge Funds Weigh In On TotalEnergies

A number of institutional investors have recently made changes to their positions in TTE. FMR LLC increased its stake in TotalEnergies by 2.7% during the third 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. Franklin Resources Inc. increased its stake in TotalEnergies by 62.7% during the third quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company's stock valued at $273,323,000 after acquiring an additional 1,546,866 shares during the period. Raymond James & Associates increased its stake in TotalEnergies by 0.6% during the third quarter. Raymond James & Associates now owns 2,320,091 shares of the company's stock valued at $149,924,000 after acquiring an additional 13,022 shares during the period. Natixis Advisors LLC increased its stake in TotalEnergies by 4.9% during the third quarter. Natixis Advisors LLC now owns 2,266,950 shares of the company's stock valued at $146,490,000 after acquiring an additional 106,347 shares during the period. Finally, Equity Investment Corp increased its stake in 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 acquiring an additional 41,564 shares during the period. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Company Profile

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.