Brokerages Set TotalEnergies SE (NYSE:TTE) Target Price at $78.75

Shares of TotalEnergies SE (NYSE:TTE) have been assigned an average rating of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $78.75.

Several research analysts have issued reports on TTE shares. Barclays upgraded TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a 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 report on Thursday, October 10th. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, TD Cowen lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th.

TotalEnergies Stock Performance

Shares of TTE stock opened at $62.47 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 0.87 and a debt-to-equity ratio of 0.35. TotalEnergies has a 12-month low of $61.95 and a 12-month high of $74.97. The company has a market cap of $147.52 billion, a price-to-earnings ratio of 8.86, a price-to-earnings-growth ratio of 2.19 and a beta of 0.64. The stock has a 50 day simple moving average of $66.87 and a 200-day simple moving average of $68.66.

Institutional Trading of TotalEnergies

Several institutional investors and hedge funds have recently modified their holdings of the business. North Star Investment Management Corp. raised its position in shares of TotalEnergies by 310.0% during the 1st quarter. North Star Investment Management Corp. now owns 410 shares of the company’s stock worth $28,000 after purchasing an additional 310 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of TotalEnergies by 100.5% in the second quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock worth $28,000 after acquiring an additional 212 shares during the last quarter. Pathway Financial Advisers LLC purchased a new stake in shares of TotalEnergies in the first quarter valued at $29,000. Boit C F David purchased a new stake in TotalEnergies during the 3rd quarter worth about $32,000. Finally, Maryland Capital Advisors Inc. acquired a new position in TotalEnergies in the 3rd quarter valued at about $32,000. Hedge funds and other institutional investors own 13.22% 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.