TotalEnergies (NYSE:TTE) Given “Equal Weight” Rating at Morgan Stanley

TotalEnergies (NYSE:TTE)‘s stock had its “equal weight” rating reaffirmed by analysts at Morgan Stanley in a research note issued on Tuesday,Benzinga reports. They currently have a $64.10 price objective on the stock, down from their previous price objective of $70.40. Morgan Stanley’s price objective points to a potential upside of 13.17% from the stock’s previous close.

TTE has been the topic of a number of other reports. Barclays raised TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Piper Sandler decreased their price target on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Finally, UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, TotalEnergies presently has an average rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Stock Up 2.1 %

Shares of TotalEnergies stock opened at $56.64 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39. The company has a market cap of $133.75 billion, a P/E ratio of 8.03, a PEG ratio of 1.93 and a beta of 0.61. The firm’s 50 day moving average price is $57.94 and its 200-day moving average price is $64.18. TotalEnergies has a 52-week low of $53.29 and a 52-week high of $74.97.

Hedge Funds Weigh In On TotalEnergies

A number of institutional investors have recently modified their holdings of TTE. Franklin Resources Inc. lifted its holdings 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 acquiring an additional 1,546,866 shares during the period. Barclays PLC lifted its stake in shares of TotalEnergies by 266.5% in the 3rd quarter. Barclays PLC now owns 674,154 shares of the company’s stock valued at $43,564,000 after purchasing an additional 490,187 shares during the period. International Assets Investment Management LLC boosted its holdings in 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 buying an additional 361,923 shares in the last quarter. FMR LLC grew its position in TotalEnergies by 2.7% during the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after buying an additional 324,033 shares during the period. Finally, DRW Securities LLC increased its holdings 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 buying 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.