Piper Sandler Cuts TotalEnergies (NYSE:TTE) Price Target to $62.00

TotalEnergies (NYSE:TTE - Get Free Report) had its price target decreased by investment analysts at Piper Sandler from $77.00 to $62.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. Piper Sandler's price objective would suggest a potential upside of 15.54% from the stock's previous close.

Other research analysts also recently issued research reports about the company. UBS Group upgraded TotalEnergies to a "strong-buy" rating in a research note on Wednesday, October 9th. The Goldman Sachs Group upgraded shares of TotalEnergies to a "hold" rating in a research note on Thursday, October 3rd. Royal Bank of Canada upgraded TotalEnergies from a "sector perform" rating to an "outperform" rating in a research note on Thursday, December 5th. Barclays raised TotalEnergies to a "strong-buy" rating in a research report on Wednesday, October 2nd. Finally, TD Cowen cut TotalEnergies from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 30th. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $74.50.

TotalEnergies Stock Down 0.0 %

NYSE TTE traded down $0.02 on Thursday, reaching $53.66. The company had a trading volume of 2,715,470 shares, compared to its average volume of 1,556,893. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $126.71 billion, a P/E ratio of 7.61, a P/E/G ratio of 1.93 and a beta of 0.61. The company's fifty day moving average is $60.80 and its 200 day moving average is $65.48. TotalEnergies has a 52-week low of $53.56 and a 52-week high of $74.97.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. FSA Wealth Management LLC bought a new position in shares of TotalEnergies in the third quarter valued at approximately $26,000. Continuum Advisory LLC boosted its holdings in TotalEnergies by 70.4% in 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 grew its position in shares of TotalEnergies by 100.5% during the 2nd quarter. Larson Financial Group LLC now owns 423 shares of the company's stock valued at $28,000 after purchasing an additional 212 shares in the last quarter. Boit C F David bought a new position in shares of TotalEnergies in the third quarter worth $32,000. Finally, Maryland Capital Advisors Inc. purchased a new stake in shares of TotalEnergies in the third quarter worth $32,000. Hedge funds and other institutional investors own 16.53% of the company's stock.

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.