A number of other research analysts also recently weighed in on TTE. Royal Bank of Canada downgraded TotalEnergies from an outperform rating to a sector perform rating and increased their price target for the company from $52.00 to $55.00 in a research note on Friday, February 25th. UBS Group increased their price target on TotalEnergies from €57.00 ($60.00) to €59.00 ($62.11) and gave the company a buy rating in a research note on Friday, April 29th. Jefferies Financial Group downgraded TotalEnergies from a buy rating to a hold rating in a research note on Wednesday, April 6th. HSBC raised TotalEnergies from a hold rating to a buy rating in a research note on Thursday, April 21st. Finally, Zacks Investment Research downgraded TotalEnergies from a strong-buy rating to a hold rating and set a $53.00 price target on the stock. in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, TotalEnergies presently has a consensus rating of Hold and a consensus price target of $60.25.
Shares of TTE opened at $53.50 on Wednesday. The firm has a market capitalization of $139.45 billion, a price-to-earnings ratio of 8.19, a PEG ratio of 0.70 and a beta of 0.82. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.00 and a current ratio of 1.20. The business’s fifty day moving average price is $50.69 and its two-hundred day moving average price is $51.84. TotalEnergies has a 52 week low of $40.33 and a 52 week high of $60.03.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 12th. Stockholders of record on Monday, March 21st were issued a $0.544 dividend. This represents a $2.18 annualized dividend and a dividend yield of 4.07%. The ex-dividend date was Friday, March 18th. TotalEnergies’s payout ratio is 32.77%.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Aptus Capital Advisors LLC grew its holdings in TotalEnergies by 3.9% in the 1st quarter. Aptus Capital Advisors LLC now owns 5,611 shares of the company’s stock worth $288,000 after acquiring an additional 209 shares during the last quarter. Moody National Bank Trust Division boosted its stake in shares of TotalEnergies by 5.0% during the 1st quarter. Moody National Bank Trust Division now owns 4,763 shares of the company’s stock valued at $241,000 after purchasing an additional 227 shares in the last quarter. Financial Advocates Investment Management boosted its stake in shares of TotalEnergies by 2.6% during the 1st quarter. Financial Advocates Investment Management now owns 9,909 shares of the company’s stock valued at $501,000 after purchasing an additional 251 shares in the last quarter. LGT Group Foundation boosted its stake in shares of TotalEnergies by 0.8% during the 1st quarter. LGT Group Foundation now owns 34,110 shares of the company’s stock valued at $1,781,000 after purchasing an additional 256 shares in the last quarter. Finally, Institutional & Family Asset Management LLC boosted its stake in shares of TotalEnergies by 19.4% during the 1st quarter. Institutional & Family Asset Management LLC now owns 1,755 shares of the company’s stock valued at $89,000 after purchasing an additional 285 shares in the last quarter. Institutional investors own 16.60% of the company’s stock.
About TotalEnergies (Get Rating)
TotalEnergies SE operates as an integrated oil and gas company worldwide. The company operates through four segments: Integrated Gas, Renewables & Power; Exploration & Production; Refining & Chemicals; and Marketing & Services. The Integrated Gas, Renewables & Power segment engages in the liquefied natural gas production, shipping, trading, and regasification activities; trading of liquefied petroleum gas (LPG), petcoke and sulfur, natural gas, and electricity; transportation of natural gas; electricity production from natural gas, wind, solar, hydroelectric, and biogas sources; energy storage activities; and development and operation of biomethane production units, as well as provides energy efficiency services.
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