TotalEnergies (NYSE:TTE) Stock Rating Lowered by BNP Paribas

TotalEnergies (NYSE:TTE) was downgraded by research analysts at BNP Paribas from an “outperform” rating to a “neutral” rating in a note issued to investors on Wednesday, Marketbeat reports.

TTE has been the subject of several other reports. TD Cowen cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Scotiabank reduced their price objective on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Barclays raised TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. UBS Group raised TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $78.75.

TotalEnergies Stock Down 0.7 %

TTE opened at $57.16 on Wednesday. TotalEnergies has a 1-year low of $56.69 and a 1-year 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 stock has a market capitalization of $134.98 billion, a price-to-earnings ratio of 8.11, a P/E/G ratio of 1.89 and a beta of 0.64. The business has a 50 day moving average of $64.19 and a 200-day moving average of $67.14.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TTE. B. Riley Wealth Advisors Inc. acquired a new position in shares of TotalEnergies in the first quarter valued at $710,000. Tidal Investments LLC raised its stake in TotalEnergies by 1.2% during the first quarter. Tidal Investments LLC now owns 63,095 shares of the company’s stock worth $4,343,000 after acquiring an additional 756 shares in the last quarter. New Covenant Trust Company N.A. acquired a new position in TotalEnergies during the first quarter worth $38,000. Cetera Investment Advisers raised its stake in TotalEnergies by 105.0% during the first quarter. Cetera Investment Advisers now owns 215,737 shares of the company’s stock worth $14,849,000 after acquiring an additional 110,497 shares in the last quarter. Finally, Cetera Advisors LLC raised its stake in TotalEnergies by 410.4% during the first quarter. Cetera Advisors LLC now owns 88,328 shares of the company’s stock worth $6,080,000 after acquiring an additional 71,023 shares in the last quarter. 13.22% of the stock is currently owned by institutional investors and hedge funds.

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.