Bank of New York Mellon Corp Acquires 54,269 Shares of TotalEnergies SE Sponsored ADR $TTE

Bank of New York Mellon Corp raised its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 8.5% in the 2nd quarter, Holdings Channel reports. The firm owned 694,560 shares of the company’s stock after purchasing an additional 54,269 shares during the quarter. Bank of New York Mellon Corp’s holdings in TotalEnergies were worth $42,639,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Clear Creek Financial Management LLC increased its stake in TotalEnergies by 2.8% in the 2nd quarter. Clear Creek Financial Management LLC now owns 6,184 shares of the company’s stock worth $380,000 after buying an additional 169 shares during the period. UMB Bank n.a. grew its stake in TotalEnergies by 4.3% in the 2nd quarter. UMB Bank n.a. now owns 4,107 shares of the company’s stock worth $252,000 after acquiring an additional 171 shares in the last quarter. Signature Estate & Investment Advisors LLC increased its position in shares of TotalEnergies by 2.2% during the second quarter. Signature Estate & Investment Advisors LLC now owns 8,020 shares of the company’s stock worth $492,000 after acquiring an additional 173 shares during the period. Cyndeo Wealth Partners LLC raised its stake in shares of TotalEnergies by 0.5% during the second quarter. Cyndeo Wealth Partners LLC now owns 35,125 shares of the company’s stock valued at $2,156,000 after acquiring an additional 174 shares in the last quarter. Finally, Mayflower Financial Advisors LLC boosted its holdings in shares of TotalEnergies by 1.2% in the first quarter. Mayflower Financial Advisors LLC now owns 14,646 shares of the company’s stock valued at $947,000 after purchasing an additional 176 shares during the period. 16.53% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Price Performance

Shares of TTE stock opened at $63.89 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.81 and a current ratio of 1.00. TotalEnergies SE Sponsored ADR has a fifty-two week low of $52.78 and a fifty-two week high of $65.76. The firm has a market capitalization of $153.20 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 1.50 and a beta of 0.50. The stock’s 50-day simple moving average is $61.19 and its 200-day simple moving average is $60.92.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Thursday, October 30th. The company reported $1.77 EPS for the quarter, missing the consensus estimate of $1.81 by ($0.04). The company had revenue of $43.84 billion for the quarter, compared to analyst estimates of $43.66 billion. TotalEnergies had a return on equity of 13.59% and a net margin of 6.20%. As a group, equities analysts forecast that TotalEnergies SE Sponsored ADR will post 8.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TTE has been the topic of several research reports. Piper Sandler raised their price objective on TotalEnergies from $69.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday. Dbs Bank lowered TotalEnergies from a “moderate buy” rating to a “hold” rating in a research note on Thursday, November 6th. Berenberg Bank downgraded TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 price objective for the company. in a report on Thursday, September 25th. Loop Capital set a $73.00 price target on shares of TotalEnergies in a research report on Monday, November 3rd. Finally, BNP Paribas Exane reiterated a “neutral” rating on shares of TotalEnergies in a research note on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $66.96.

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.