Morgan Stanley Reiterates Equal Weight Rating for TotalEnergies (NYSE:TTE)

TotalEnergies (NYSE:TTE)‘s stock had its “equal weight” rating reissued by equities researchers at Morgan Stanley in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $64.10 price objective on the stock, down from their prior price objective of $70.40. Morgan Stanley’s price objective would indicate a potential upside of 13.17% from the company’s previous close.

TTE has been the topic of several other reports. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. TD Cowen cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Scotiabank decreased their target price on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Finally, The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $72.42.

TotalEnergies Trading Up 2.1 %

Shares of NYSE:TTE opened at $56.64 on Tuesday. The business’s 50 day moving average price is $57.94 and its 200-day moving average price is $64.18. TotalEnergies has a 1 year low of $53.29 and a 1 year high of $74.97. The firm has a market capitalization of $133.75 billion, a price-to-earnings ratio of 8.03, a price-to-earnings-growth ratio of 1.93 and a beta of 0.61. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88.

Institutional Investors Weigh In On TotalEnergies

Several hedge funds and other institutional investors have recently bought and sold shares of TTE. FSA Wealth Management LLC purchased a new stake in shares of TotalEnergies in the 3rd quarter valued at approximately $26,000. Continuum Advisory LLC grew its position in TotalEnergies by 70.4% in the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after acquiring an additional 183 shares during the period. Larson Financial Group LLC grew its position in TotalEnergies by 100.5% in the second quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock worth $28,000 after acquiring an additional 212 shares during the period. Boit C F David acquired a new stake in TotalEnergies during the third quarter worth $32,000. Finally, Maryland Capital Advisors Inc. purchased a new stake in TotalEnergies in the third quarter valued at $32,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

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.