TotalEnergies (NYSE:TTE) Downgraded by The Goldman Sachs Group to “Neutral”

The Goldman Sachs Group cut shares of TotalEnergies (NYSE:TTEGet Rating) from a buy rating to a neutral rating in a report published on Monday, The Fly reports.

Other analysts also recently issued research reports about the company. Cowen dropped their price objective on TotalEnergies from $58.00 to $56.00 in a research note on Friday, September 30th. Morgan Stanley increased their target price on TotalEnergies from €58.00 ($62.37) to €65.00 ($69.89) in a report on Tuesday, November 8th. Erste Group Bank cut TotalEnergies from a buy rating to a hold rating in a report on Wednesday, October 5th. Deutsche Bank Aktiengesellschaft increased their target price on TotalEnergies from €54.90 ($59.03) to €60.00 ($64.52) in a report on Wednesday, December 7th. Finally, Piper Sandler decreased their price objective on TotalEnergies from $66.00 to $61.00 and set a neutral rating for the company in a report on Monday, December 19th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of $62.92.

TotalEnergies Stock Performance

Shares of TotalEnergies stock opened at $62.23 on Monday. The company has a market capitalization of $162.21 billion, a PE ratio of 7.12, a PEG ratio of 0.54 and a beta of 0.80. TotalEnergies has a 12 month low of $44.61 and a 12 month high of $64.02. The company has a current ratio of 1.18, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. The stock’s fifty day simple moving average is $60.11 and its 200 day simple moving average is $54.03.

TotalEnergies (NYSE:TTEGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The company reported $3.83 EPS for the quarter, missing the consensus estimate of $3.91 by ($0.08). The business had revenue of $69.04 billion for the quarter. TotalEnergies had a return on equity of 29.83% and a net margin of 8.67%. On average, research analysts predict that TotalEnergies will post 14.14 EPS for the current year.

TotalEnergies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 25th. Stockholders of record on Friday, December 30th will be issued a dividend of $0.529 per share. The ex-dividend date is Thursday, December 29th. This represents a $2.12 annualized dividend and a dividend yield of 3.40%. This is a positive change from TotalEnergies’s previous quarterly dividend of $0.51. TotalEnergies’s dividend payout ratio is currently 24.26%.

Institutional Investors Weigh In On TotalEnergies

Institutional investors and hedge funds have recently made changes to their positions in the business. Stokes Family Office LLC grew its position in TotalEnergies by 2.9% in the 3rd quarter. Stokes Family Office LLC now owns 6,257 shares of the company’s stock worth $291,000 after purchasing an additional 178 shares in the last quarter. Global Retirement Partners LLC grew its position in shares of TotalEnergies by 10.6% during the 3rd quarter. Global Retirement Partners LLC now owns 1,875 shares of the company’s stock valued at $103,000 after acquiring an additional 180 shares during the period. Quadrant Capital Group LLC grew its position in shares of TotalEnergies by 1.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 10,741 shares of the company’s stock valued at $500,000 after acquiring an additional 182 shares during the period. Cetera Advisors LLC grew its position in shares of TotalEnergies by 4.2% during the 2nd quarter. Cetera Advisors LLC now owns 4,755 shares of the company’s stock valued at $250,000 after acquiring an additional 193 shares during the period. Finally, Argyle Capital Management Inc. grew its position in shares of TotalEnergies by 2.0% during the 3rd quarter. Argyle Capital Management Inc. now owns 10,400 shares of the company’s stock valued at $484,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 6.63% of the company’s stock.

About TotalEnergies

(Get Rating)

TotalEnergies SE operates as an integrated oil and gas company worldwide. The company operates through four segments: Integrated Gas, Renewables & Power; Exploration & Production; Refining & Chemicals; and Marketing & Services. The Integrated Gas, Renewables & Power segment engages in the liquefied natural gas production, shipping, trading, and regasification activities; trading of liquefied petroleum gas (LPG), petcoke and sulfur, natural gas, and electricity; transportation of natural gas; electricity production from natural gas, wind, solar, hydroelectric, and biogas sources; energy storage activities; and development and operation of biomethane production units, as well as provides energy efficiency services.

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