TotalEnergies (NYSE:TTE) Sets New 12-Month Low – Time to Sell?

TotalEnergies SE (NYSE:TTE) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $61.22 and last traded at $61.36, with a volume of 75562 shares trading hands. The stock had previously closed at $63.41.

Analyst Upgrades and Downgrades

TTE has been the subject of a number of research analyst reports. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Wolfe Research initiated coverage on TotalEnergies in a research report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 target price for the company. Scotiabank dropped their price target on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. TD Cowen cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Finally, Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, TotalEnergies currently has a consensus rating of “Moderate Buy” and an average price target of $78.75.

TotalEnergies Stock Down 2.6 %

The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39. The company has a fifty day simple moving average of $66.59 and a 200-day simple moving average of $68.52. The firm has a market cap of $145.89 billion, a P/E ratio of 8.74, a price-to-earnings-growth ratio of 2.01 and a beta of 0.64.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Larson Financial Group LLC increased its stake in TotalEnergies by 100.5% in the 2nd quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock worth $28,000 after buying an additional 212 shares in the last quarter. Pathway Financial Advisers LLC bought a new position in shares of TotalEnergies in the first quarter worth about $29,000. Boit C F David purchased a new stake in shares of TotalEnergies during the third quarter worth about $32,000. Maryland Capital Advisors Inc. bought a new stake in TotalEnergies during the 3rd quarter valued at approximately $32,000. Finally, Eastern Bank purchased a new position in TotalEnergies in the 3rd quarter worth approximately $32,000. 13.22% of the stock is currently 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.