TotalEnergies (NYSE:TTE) Downgraded by BNP Paribas to Neutral

BNP Paribas cut shares of TotalEnergies (NYSE:TTE) from an outperform rating to a neutral rating in a research report sent to investors on Wednesday morning, Marketbeat Ratings reports.

Several other equities analysts have also issued reports on the company. Barclays upgraded TotalEnergies to a “strong-buy” rating in a research note 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 report on Thursday, October 10th. The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, TD Cowen downgraded shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Five analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $78.75.

TotalEnergies Stock Performance

NYSE TTE opened at $57.99 on Wednesday. The company’s fifty day moving average is $63.73 and its two-hundred day moving average is $66.96. TotalEnergies has a 52-week low of $56.69 and a 52-week high of $74.97. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. The firm has a market capitalization of $136.94 billion, a price-to-earnings ratio of 8.23, a P/E/G ratio of 1.85 and a beta of 0.64.

Institutional Investors Weigh In On TotalEnergies

Large investors have recently made changes to their positions in the company. Mather Group LLC. boosted its holdings in shares of TotalEnergies by 12.4% in the 3rd quarter. Mather Group LLC. now owns 1,312 shares of the company’s stock worth $85,000 after acquiring an additional 145 shares in the last quarter. Hexagon Capital Partners LLC boosted its stake in TotalEnergies by 5.1% in the second quarter. Hexagon Capital Partners LLC now owns 3,406 shares of the company’s stock worth $227,000 after purchasing an additional 164 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in shares of TotalEnergies by 0.6% during the third quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company’s stock worth $1,793,000 after purchasing an additional 165 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in shares of TotalEnergies by 1.0% in the third quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company’s stock valued at $1,085,000 after buying an additional 169 shares in the last quarter. Finally, Tradition Wealth Management LLC raised its holdings in shares of TotalEnergies by 2.5% in the third quarter. Tradition Wealth Management LLC now owns 7,124 shares of the company’s stock valued at $460,000 after buying an additional 171 shares during the last quarter. Institutional investors own 13.22% 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.