Bank of Montreal Can Grows Stock Holdings in TotalEnergies SE Sponsored ADR $TTE

Bank of Montreal Can lifted its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 1.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 482,493 shares of the company’s stock after acquiring an additional 5,211 shares during the quarter. Bank of Montreal Can’s holdings in TotalEnergies were worth $29,673,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Clear Creek Financial Management LLC grew its stake in TotalEnergies by 2.8% in the second quarter. Clear Creek Financial Management LLC now owns 6,184 shares of the company’s stock worth $380,000 after purchasing an additional 169 shares in the last quarter. UMB Bank n.a. raised its position in TotalEnergies by 4.3% during the 2nd quarter. UMB Bank n.a. now owns 4,107 shares of the company’s stock valued at $252,000 after purchasing an additional 171 shares in the last quarter. Signature Estate & Investment Advisors LLC raised its position in TotalEnergies by 2.2% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 8,020 shares of the company’s stock valued at $492,000 after purchasing an additional 173 shares in the last quarter. Cyndeo Wealth Partners LLC lifted its holdings in shares of TotalEnergies by 0.5% in the 2nd quarter. Cyndeo Wealth Partners LLC now owns 35,125 shares of the company’s stock worth $2,156,000 after buying an additional 174 shares during the period. Finally, Mayflower Financial Advisors LLC grew its position in shares of TotalEnergies by 1.2% during the 1st quarter. Mayflower Financial Advisors LLC now owns 14,646 shares of the company’s stock worth $947,000 after buying an additional 176 shares in the last quarter. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Up 0.2%

Shares of TotalEnergies stock opened at $61.12 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.00 and a debt-to-equity ratio of 0.40. The company has a market cap of $146.55 billion, a P/E ratio of 11.09, a PEG ratio of 1.50 and a beta of 0.50. The firm’s 50 day moving average price is $61.12 and its 200-day moving average price is $60.79. TotalEnergies SE Sponsored ADR has a 52-week low of $52.78 and a 52-week high of $65.76.

TotalEnergies (NYSE:TTE) last announced its earnings results on Thursday, October 30th. The company reported $1.77 earnings per share for the quarter, missing the consensus estimate of $1.81 by ($0.04). TotalEnergies had a net margin of 6.20% and a return on equity of 13.59%. The firm had revenue of $43.84 billion during the quarter, compared to analyst estimates of $43.66 billion. On average, sell-side analysts predict that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of TotalEnergies in a report on Wednesday, October 8th. BNP Paribas Exane reissued a “neutral” rating on shares of TotalEnergies in a research report on Tuesday, September 23rd. Scotiabank upped their price target on shares of TotalEnergies from $65.00 to $67.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 9th. Berenberg Bank lowered shares of TotalEnergies from a “buy” rating to a “hold” rating and set a $64.00 price objective on the stock. in a report on Thursday, September 25th. Finally, Loop Capital set a $73.00 price objective on shares of TotalEnergies in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $66.76.

TotalEnergies 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.