TotalEnergies SE (NYSE:TTE) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of TotalEnergies SE (NYSE:TTE) have received a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $72.42.

TTE has been the topic of several research analyst reports. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. The Goldman Sachs Group raised shares of TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. Scotiabank lowered their price objective on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Finally, TD Cowen lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th.

TotalEnergies Price Performance

NYSE TTE opened at $59.47 on Friday. TotalEnergies has a 12 month low of $53.29 and a 12 month high of $74.97. The firm has a market capitalization of $140.43 billion, a PE ratio of 8.43, a P/E/G ratio of 1.96 and a beta of 0.61. The company’s 50 day simple moving average is $57.01 and its 200 day simple moving average is $63.60. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88.

TotalEnergies Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.8308 per share. The ex-dividend date of this dividend is Tuesday, December 31st. TotalEnergies’s dividend payout ratio is presently 34.75%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TTE. FSA Wealth Management LLC acquired a new position in TotalEnergies in the 3rd quarter worth approximately $26,000. Continuum Advisory LLC lifted its holdings in shares of TotalEnergies by 70.4% in the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares in the last quarter. Boit C F David acquired a new stake in shares of TotalEnergies in the third quarter worth $32,000. Maryland Capital Advisors Inc. purchased a new position in shares of TotalEnergies during the third quarter valued at $32,000. Finally, Eastern Bank acquired a new position in TotalEnergies during the third quarter valued at $32,000. 16.53% of the stock is owned by hedge funds and other 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.