Bank of New York Mellon Corp Acquires 881,889 Shares of TotalEnergies SE Sponsored ADR $TTE

Bank of New York Mellon Corp boosted its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 8.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 11,514,654 shares of the company’s stock after acquiring an additional 881,889 shares during the period. Bank of New York Mellon Corp’s holdings in TotalEnergies were worth $1,047,603,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. YANKCOM Partnership lifted its position in TotalEnergies by 146.8% during the fourth quarter. YANKCOM Partnership now owns 390 shares of the company’s stock valued at $25,000 after purchasing an additional 232 shares during the period. MH & Associates Securities Management Corp ADV purchased a new stake in TotalEnergies during the 4th quarter valued at $29,000. Lodestone Wealth Management LLC purchased a new stake in TotalEnergies during the 4th quarter valued at $32,000. Elyxium Wealth LLC bought a new position in shares of TotalEnergies during the 4th quarter valued at $33,000. Finally, SHP Wealth Management purchased a new position in shares of TotalEnergies in the 4th quarter worth $37,000. Institutional investors own 16.53% of the company’s stock.

Analysts Set New Price Targets

TTE has been the subject of several research analyst reports. Zacks Research lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. BNP Paribas Exane raised TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. TD Cowen restated a “buy” rating on shares of TotalEnergies in a research note on Monday, April 20th. Kepler Capital Markets raised shares of TotalEnergies from a “reduce” rating to a “hold” rating in a research report on Thursday, April 23rd. Finally, Weiss Ratings upgraded shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Friday, May 1st. Ten analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $84.33.

TotalEnergies Price Performance

Shares of TotalEnergies stock opened at $80.27 on Thursday. The stock has a market cap of $192.45 billion, a P/E ratio of 11.89, a P/E/G ratio of 2.87 and a beta of 0.14. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.85 and a current ratio of 1.08. The stock’s fifty day moving average is $85.04 and its 200 day moving average is $81.39. TotalEnergies SE Sponsored ADR has a one year low of $57.39 and a one year high of $94.17.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.23. The business had revenue of $49.52 billion during the quarter, compared to analyst estimates of $44.58 billion. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%. Sell-side analysts anticipate that TotalEnergies SE Sponsored ADR will post 10.58 earnings per share for the current year.

TotalEnergies Company Profile

TotalEnergies SE (NYSE: TTE) is a French multinational integrated energy company engaged across the full energy value chain. Founded in 1924 as Compagnie Française des Pétroles, the company grew through a series of mergers and expansions—most notably with Petrofina and Elf Aquitaine around the turn of the millennium—and rebranded to TotalEnergies in 2021 to reflect a broader focus on multiple energy sources. It is organized to operate across upstream and downstream activities while pursuing a transition toward lower-carbon energy solutions.

In upstream, TotalEnergies explores for and produces crude oil and natural gas globally.