TotalEnergies (NYSE:TTE) Hits New 52-Week Low at $45.08

Shares of TotalEnergies SE (NYSE:TTEGet Rating) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $45.08 and last traded at $45.19, with a volume of 40418 shares trading hands. The stock had previously closed at $47.97.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TTE shares. JPMorgan Chase & Co. raised their price objective on TotalEnergies from €56.00 ($57.14) to €59.00 ($60.20) in a research note on Friday, July 15th. Piper Sandler cut their target price on TotalEnergies from $69.00 to $64.00 and set a “neutral” rating on the stock in a research note on Monday, September 12th. HSBC lifted their target price on TotalEnergies from €57.00 ($58.16) to €60.00 ($61.22) and gave the company a “buy” rating in a research note on Wednesday, July 20th. They noted that the move was a valuation call. Jefferies Financial Group upgraded TotalEnergies from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Friday, July 1st. Finally, Credit Suisse Group initiated coverage on TotalEnergies in a research report on Thursday, June 9th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $62.13.

TotalEnergies Trading Down 6.3 %

The firm has a market cap of $117.22 billion, a price-to-earnings ratio of 5.71, a PEG ratio of 0.44 and a beta of 0.76. The company has a 50-day moving average price of $50.90 and a 200 day moving average price of $51.91. The company has a quick ratio of 0.99, a current ratio of 1.21 and a debt-to-equity ratio of 0.39.

TotalEnergies (NYSE:TTEGet Rating) last issued its earnings results on Thursday, July 28th. The company reported $3.75 EPS for the quarter, hitting the consensus estimate of $3.75. The business had revenue of $74.77 billion during the quarter. TotalEnergies had a return on equity of 25.95% and a net margin of 8.38%. As a group, research analysts anticipate that TotalEnergies SE will post 13.93 earnings per share for the current fiscal year.

TotalEnergies Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Investors of record on Tuesday, September 20th will be given a dividend of $0.505 per share. The ex-dividend date is Monday, September 19th. This represents a $2.02 dividend on an annualized basis and a yield of 4.49%. TotalEnergies’s payout ratio is 25.60%.

Institutional Trading of TotalEnergies

A number of institutional investors have recently bought and sold shares of TTE. Front Row Advisors LLC acquired a new stake in shares of TotalEnergies in the fourth quarter worth about $25,000. Sterling Investment Advisors Ltd. acquired a new stake in shares of TotalEnergies in the first quarter worth about $25,000. CX Institutional acquired a new stake in shares of TotalEnergies in the second quarter worth about $26,000. Farmers & Merchants Trust Co of Chambersburg PA acquired a new stake in shares of TotalEnergies in the second quarter worth about $28,000. Finally, Carolinas Wealth Consulting LLC acquired a new stake in shares of TotalEnergies in the fourth quarter worth about $29,000. Institutional investors and hedge funds own 7.11% of the company’s stock.

About TotalEnergies

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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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