TotalEnergies (NYSE:TTE) Earns “Equal Weight” Rating from Morgan Stanley

TotalEnergies (NYSE:TTE)‘s stock had its “equal weight” rating reissued by equities research analysts at Morgan Stanley in a report released on Tuesday, Marketbeat.com reports. They presently have a $64.10 target price on the stock, down from their previous target price of $70.40. Morgan Stanley’s price target would suggest a potential upside of 12.77% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Scotiabank lowered their target price on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. TD Cowen cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Piper Sandler decreased their price objective on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Finally, UBS Group raised TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Six analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $72.42.

TotalEnergies Trading Down 0.3 %

TotalEnergies stock opened at $56.84 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. The company has a market capitalization of $134.22 billion, a price-to-earnings ratio of 8.06, a PEG ratio of 1.93 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 $57.67 and its two-hundred day moving average price is $64.07.

Hedge Funds Weigh In On TotalEnergies

Hedge funds have recently added to or reduced their stakes in the stock. CWA Asset Management Group LLC acquired a new stake in shares of TotalEnergies during the third quarter worth about $823,000. Crossmark Global Holdings Inc. grew its stake in TotalEnergies by 48.3% in the third quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company’s stock valued at $10,815,000 after purchasing an additional 54,478 shares in the last quarter. Logan Capital Management Inc. grew its stake in TotalEnergies by 22.8% in the third quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock valued at $4,637,000 after purchasing an additional 13,331 shares in the last quarter. FMR LLC boosted its stake in shares of TotalEnergies by 2.7% during 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 period. Finally, Equity Investment Corp boosted its stake in shares of TotalEnergies by 2.3% during the 3rd quarter. Equity Investment Corp now owns 1,862,312 shares of the company’s stock worth $120,343,000 after acquiring an additional 41,564 shares during the period. Institutional investors and hedge funds own 16.53% 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.