TotalEnergies (NYSE:TTE) Sets New 52-Week Low – Should You Sell?

TotalEnergies SE (NYSE:TTE)’s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as $56.05 and last traded at $56.14, with a volume of 366816 shares trading hands. The stock had previously closed at $56.76.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Barclays raised shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. Scotiabank lowered their price objective 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. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Finally, Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $78.75.

TotalEnergies Stock Up 0.3 %

The stock’s 50 day simple moving average is $61.92 and its two-hundred day simple moving average is $66.00. The firm has a market cap of $132.52 billion, a P/E ratio of 7.94, a P/E/G ratio of 1.96 and a beta of 0.61. 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 declared a dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.8308 per share. The ex-dividend date of this dividend is Tuesday, December 31st. TotalEnergies’s payout ratio is 36.74%.

Institutional Investors Weigh In On TotalEnergies

Institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. boosted its stake in shares of TotalEnergies by 62.7% during the 3rd quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock worth $273,323,000 after acquiring an additional 1,546,866 shares during the last quarter. Barclays PLC raised its stake in shares of TotalEnergies by 266.5% in the third quarter. Barclays PLC now owns 674,154 shares of the company’s stock worth $43,564,000 after buying an additional 490,187 shares during the period. International Assets Investment Management LLC grew its position in shares of TotalEnergies by 6,367.4% during the third quarter. International Assets Investment Management LLC now owns 367,607 shares of the company’s stock worth $23,755,000 after purchasing an additional 361,923 shares in the last quarter. FMR LLC grew its position in shares of TotalEnergies by 2.7% during the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock worth $804,211,000 after purchasing an additional 324,033 shares in the last quarter. Finally, DRW Securities LLC grew its position in shares of TotalEnergies by 134.5% during the third quarter. DRW Securities LLC now owns 64,209 shares of the company’s stock worth $4,149,000 after purchasing an additional 250,427 shares in the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

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.