TotalEnergies (NYSE:TTE) Given New $62.00 Price Target at Piper Sandler

TotalEnergies (NYSE:TTE) had its target price reduced by investment analysts at Piper Sandler from $77.00 to $62.00 in a report released on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s target price would indicate a potential upside of 15.16% from the company’s current price.

Several other analysts have also commented on TTE. Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. TD Cowen lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Scotiabank decreased their price objective on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. Finally, UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $74.50.

TotalEnergies Trading Up 0.3 %

NYSE TTE traded up $0.16 during trading on Thursday, hitting $53.84. The company had a trading volume of 1,368,778 shares, compared to its average volume of 1,551,147. The company’s fifty day moving average is $60.80 and its 200-day moving average is $65.48. TotalEnergies has a one year low of $53.56 and a one year high of $74.97. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. The company has a market cap of $127.14 billion, a price-to-earnings ratio of 7.64, a price-to-earnings-growth ratio of 1.93 and a beta of 0.61.

Hedge Funds Weigh In On TotalEnergies

A number of hedge funds have recently bought and sold shares of the company. CWA Asset Management Group LLC bought a new stake in shares of TotalEnergies in the 3rd quarter worth $823,000. &PARTNERS increased its holdings in TotalEnergies by 320.1% in the 2nd quarter. &PARTNERS now owns 21,706 shares of the company’s stock worth $1,447,000 after buying an additional 16,539 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in TotalEnergies by 48.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company’s stock worth $10,815,000 after buying an additional 54,478 shares during the last quarter. Van ECK Associates Corp raised its position in TotalEnergies by 33.1% in the 2nd quarter. Van ECK Associates Corp now owns 30,669 shares of the company’s stock worth $2,045,000 after buying an additional 7,631 shares during the last quarter. Finally, Logan Capital Management Inc. lifted its stake in TotalEnergies by 22.8% during the 3rd quarter. Logan Capital Management Inc. now owns 71,757 shares of the company’s stock valued at $4,637,000 after acquiring an additional 13,331 shares during the period. 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.