Analysts Set TotalEnergies SE (NYSE:TTE) PT at $78.75

Shares of TotalEnergies SE (NYSE:TTE) have been given a consensus rating of “Moderate Buy” by the nine research firms that are presently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $78.75.

Several brokerages recently issued reports on TTE. Barclays upgraded TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. Scotiabank reduced their target price on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, BNP Paribas lowered shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday.

TotalEnergies Price Performance

TTE stock opened at $57.16 on Friday. The company has a market capitalization of $134.97 billion, a P/E ratio of 8.11, a price-to-earnings-growth ratio of 1.89 and a beta of 0.64. TotalEnergies has a 52-week low of $56.69 and a 52-week high of $74.97. The business has a 50-day simple moving average of $64.41 and a two-hundred day simple moving average of $67.21. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TTE. Cetera Investment Advisers grew its holdings in TotalEnergies by 105.0% during the first quarter. Cetera Investment Advisers now owns 215,737 shares of the company’s stock valued at $14,849,000 after purchasing an additional 110,497 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in shares of TotalEnergies during the 1st quarter worth $710,000. Crossmark Global Holdings Inc. grew its stake in shares of TotalEnergies by 48.3% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company’s stock worth $10,815,000 after acquiring an additional 54,478 shares during the period. CWA Asset Management Group LLC purchased a new stake in TotalEnergies in the 3rd quarter worth about $823,000. Finally, Silvercrest Asset Management Group LLC raised its stake in TotalEnergies by 8.9% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 107,644 shares of the company’s stock valued at $7,409,000 after acquiring an additional 8,827 shares during the period. 13.22% of the stock is 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.