Piper Sandler Lowers TotalEnergies (NYSE:TTE) Price Target to $62.00

TotalEnergies (NYSE:TTE) had its price objective lowered by Piper Sandler from $77.00 to $62.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Piper Sandler’s price target would indicate a potential upside of 14.50% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Barclays upgraded TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Scotiabank lowered their price objective on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. TD Cowen cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Finally, UBS Group upgraded TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $74.50.

TotalEnergies Trading Up 0.9 %

Shares of TTE opened at $54.15 on Thursday. TotalEnergies has a 52-week low of $53.29 and a 52-week high of $74.97. The stock has a market cap of $127.87 billion, a PE ratio of 7.68, a price-to-earnings-growth ratio of 1.93 and a beta of 0.61. The firm’s fifty day moving average is $60.22 and its two-hundred day moving average is $65.28. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39.

Hedge Funds Weigh In On TotalEnergies

Hedge funds have recently modified their holdings of the business. Franklin Resources Inc. lifted its position in TotalEnergies by 62.7% in the third quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock valued at $273,323,000 after buying an additional 1,546,866 shares during the last quarter. Barclays PLC lifted its holdings in shares of TotalEnergies by 266.5% in the 3rd quarter. Barclays PLC now owns 674,154 shares of the company’s stock worth $43,564,000 after acquiring an additional 490,187 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of TotalEnergies by 6,367.4% during the 3rd 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 during the period. FMR LLC increased its holdings in TotalEnergies by 2.7% in the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after purchasing an additional 324,033 shares during the last quarter. Finally, DRW Securities LLC raised its position in TotalEnergies by 134.5% in the third quarter. DRW Securities LLC now owns 64,209 shares of the company’s stock valued at $4,149,000 after purchasing an additional 250,427 shares during the period. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

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.