TotalEnergies SE (NYSE:TTE) Receives $72.42 Average Price Target from Brokerages

Shares of TotalEnergies SE (NYSE:TTE - Get Free Report) have received a consensus rating of "Moderate Buy" from the ten analysts that are currently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $72.42.

A number of equities analysts have weighed in on TTE shares. Barclays upgraded shares of TotalEnergies to a "strong-buy" rating in a report on Wednesday, October 2nd. TD Cowen lowered shares of TotalEnergies from a "strong-buy" rating to a "hold" rating in a report on Monday, September 30th. BNP Paribas downgraded shares of TotalEnergies from an "outperform" rating to a "neutral" rating in a research note on Wednesday, November 27th. The Goldman Sachs Group raised shares of TotalEnergies to a "hold" rating in a research note on Thursday, October 3rd. Finally, UBS Group raised shares of TotalEnergies to a "strong-buy" rating in a research report on Wednesday, October 9th.

Institutional Trading of TotalEnergies

Several institutional investors have recently added to or reduced their stakes in TTE. FSA Wealth Management LLC acquired a new stake in shares of TotalEnergies during the 3rd quarter valued at approximately $26,000. Continuum Advisory LLC increased its stake in TotalEnergies by 70.4% during the third 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 last quarter. Boit C F David acquired a new stake in shares of TotalEnergies during the third quarter worth $32,000. Maryland Capital Advisors Inc. bought a new position in shares of TotalEnergies in the 3rd quarter worth about $32,000. Finally, Eastern Bank acquired a new position in shares of TotalEnergies in the 3rd quarter valued at about $32,000. 16.53% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Trading Down 0.1 %

Shares of NYSE TTE traded down $0.04 on Friday, reaching $56.75. 2,138,834 shares of the company traded hands, compared to its average volume of 1,828,306. The stock has a market capitalization of $134.01 billion, a PE ratio of 8.05, a P/E/G ratio of 1.93 and a beta of 0.61. TotalEnergies has a fifty-two week low of $53.29 and a fifty-two week high of $74.97. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. The company has a 50 day moving average of $57.44 and a 200 day moving average of $63.90.

TotalEnergies Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, January 21st. Investors 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 dividend payout ratio (DPR) is 34.75%.

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.