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

Morgan Stanley reissued their equal weight rating on shares of TotalEnergies (NYSE:TTE) in a research report sent to investors on Tuesday, MarketBeat Ratings reports. The brokerage currently has a $64.10 target price on the stock, down from their prior target price of $70.40.

TTE has been the subject of a number of other reports. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. TD Cowen downgraded TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Piper Sandler decreased their price objective on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Finally, BNP Paribas lowered TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, TotalEnergies currently has an average rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Stock Down 0.3 %

TotalEnergies stock opened at $56.84 on Tuesday. The business’s 50-day simple moving average is $57.55 and its two-hundred day simple moving average is $64.02. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10. The company has a market cap of $134.22 billion, a PE ratio of 8.06, a PEG ratio of 1.93 and a beta of 0.61. TotalEnergies has a fifty-two week low of $53.29 and a fifty-two week high of $74.97.

TotalEnergies Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.8308 per share. The ex-dividend date of this dividend is Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is 34.75%.

Institutional Investors Weigh In On TotalEnergies

Several institutional investors and hedge funds have recently added to or reduced their stakes in TTE. FSA Wealth Management LLC acquired a new stake in shares of TotalEnergies in the third quarter valued at about $26,000. Larson Financial Group LLC lifted its stake in TotalEnergies by 100.5% in the 2nd quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock valued at $28,000 after buying an additional 212 shares in the last quarter. Continuum Advisory LLC boosted its holdings in TotalEnergies by 70.4% in the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after buying an additional 183 shares during the last quarter. Boit C F David purchased a new stake in TotalEnergies during the 3rd quarter worth approximately $32,000. Finally, Maryland Capital Advisors Inc. acquired a new position in shares of TotalEnergies during the third quarter valued at approximately $32,000. 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.