TotalEnergies (NYSE:TTE) Sets New 52-Week Low – Should You Sell?

TotalEnergies SE (NYSE:TTE)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $56.05 and last traded at $56.14, with a volume of 366816 shares traded. The stock had previously closed at $56.76.

Analysts Set New Price Targets

Several analysts recently issued reports on TTE shares. Scotiabank cut their target price on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Barclays upgraded TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Finally, Royal Bank of Canada upgraded TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Five research 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. According to data from MarketBeat.com, TotalEnergies has a consensus rating of “Moderate Buy” and an average price target of $78.75.

TotalEnergies Trading Up 0.3 %

The stock has a market cap of $132.52 billion, a PE ratio of 7.94, a PEG ratio of 1.96 and a beta of 0.61. 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 stock has a fifty day moving average price of $61.92 and a 200 day moving average price of $66.00.

TotalEnergies Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, January 21st. Stockholders of record on Tuesday, December 31st will be issued a $0.8308 dividend. The ex-dividend date is Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is 36.74%.

Institutional Investors Weigh In On TotalEnergies

A number of institutional investors and hedge funds have recently modified their holdings of the business. Dynamic Advisor Solutions LLC raised its position in TotalEnergies by 4.2% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 6,614 shares of the company’s stock valued at $441,000 after purchasing an additional 269 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of TotalEnergies by 16.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 31,406 shares of the company’s stock worth $2,094,000 after acquiring an additional 4,504 shares in the last quarter. Blue Trust Inc. raised its position in shares of TotalEnergies by 88.7% in the 2nd quarter. Blue Trust Inc. now owns 8,209 shares of the company’s stock worth $565,000 after acquiring an additional 3,859 shares in the last quarter. Nisa Investment Advisors LLC bought a new position in shares of TotalEnergies in the 2nd quarter worth $74,000. Finally, Aaron Wealth Advisors LLC raised its position in shares of TotalEnergies by 12.9% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 8,909 shares of the company’s stock worth $594,000 after acquiring an additional 1,017 shares in the last quarter. 16.53% of the stock is owned by institutional investors.

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.