Brokerages Set TotalEnergies SE (NYSE:TTE) Target Price at $72.42

TotalEnergies SE (NYSE:TTE - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the eleven research firms that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and three have issued a strong buy recommendation on 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.

Several brokerages have recently commented on TTE. Piper Sandler lowered their target price on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating for the company in a report on Thursday, December 19th. Morgan Stanley reiterated an "equal weight" rating and issued a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. BNP Paribas downgraded TotalEnergies from an "outperform" rating to a "neutral" rating in a research note on Wednesday, November 27th. Redburn Atlantic raised TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Finally, Royal Bank of Canada upgraded TotalEnergies from a "sector perform" rating to an "outperform" rating in a report on Thursday, December 5th.

TotalEnergies Stock Down 0.1 %

TTE traded down $0.06 during midday trading on Thursday, reaching $60.86. 1,385,026 shares of the company were exchanged, compared to its average volume of 1,805,322. The company has a market cap of $143.71 billion, a price-to-earnings ratio of 9.14, a price-to-earnings-growth ratio of 2.12 and a beta of 0.61. TotalEnergies has a one year low of $53.29 and a one year high of $74.97. The company's fifty day moving average price is $56.87 and its 200 day moving average price is $62.56. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10.

TotalEnergies (NYSE:TTE - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. As a group, analysts expect that TotalEnergies will post 7.92 EPS for the current year.

TotalEnergies Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.8308 per share. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies's dividend payout ratio (DPR) is 36.04%.

Institutional Trading of TotalEnergies

Several hedge funds have recently made changes to their positions in TTE. FMR LLC increased its holdings in TotalEnergies by 2.7% in the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company's stock worth $804,211,000 after acquiring an additional 324,033 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of TotalEnergies by 62.7% in the third quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company's stock worth $273,323,000 after purchasing an additional 1,546,866 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of TotalEnergies in the fourth quarter worth about $156,044,000. Raymond James & Associates raised its position in shares of TotalEnergies by 0.6% in the third quarter. Raymond James & Associates now owns 2,320,091 shares of the company's stock valued at $149,924,000 after purchasing an additional 13,022 shares during the period. Finally, Natixis Advisors LLC lifted its stake in shares of TotalEnergies by 4.9% during the 3rd quarter. Natixis Advisors LLC now owns 2,266,950 shares of the company's stock valued at $146,490,000 after buying an additional 106,347 shares in the last quarter. 16.53% of the stock is currently owned by 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.