Bank of New York Mellon Corp Has $695.60 Million Stock Position in TotalEnergies SE Sponsored ADR $TTE

Bank of New York Mellon Corp lifted its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 1,885.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,632,765 shares of the company’s stock after purchasing an additional 10,097,151 shares during the quarter. Bank of New York Mellon Corp owned 0.44% of TotalEnergies worth $695,596,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of TTE. AQR Capital Management LLC grew its holdings in shares of TotalEnergies by 151.0% during the 1st quarter. AQR Capital Management LLC now owns 67,461 shares of the company’s stock worth $4,364,000 after purchasing an additional 40,586 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of TotalEnergies by 2.1% during the 1st quarter. Empowered Funds LLC now owns 40,988 shares of the company’s stock worth $2,652,000 after purchasing an additional 835 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in shares of TotalEnergies by 17.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,136 shares of the company’s stock worth $315,000 after purchasing an additional 774 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of TotalEnergies by 14.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 24,274 shares of the company’s stock worth $1,490,000 after purchasing an additional 3,151 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in TotalEnergies by 7.3% in the second quarter. Invesco Ltd. now owns 198,215 shares of the company’s stock valued at $12,168,000 after buying an additional 13,536 shares in the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Price Performance

TotalEnergies stock opened at $89.97 on Thursday. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $215.72 billion, a PE ratio of 13.33, a P/E/G ratio of 3.18 and a beta of 0.12. TotalEnergies SE Sponsored ADR has a 12 month low of $57.39 and a 12 month high of $94.17. The stock has a 50-day moving average price of $90.46 and a two-hundred day moving average price of $77.99.

TotalEnergies (NYSE:TTE) last posted its earnings results on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.22 by $0.23. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%.The firm had revenue of $49.52 billion during the quarter, compared to the consensus estimate of $44.58 billion. Analysts expect that TotalEnergies SE Sponsored ADR will post 10.58 EPS for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on TTE. Wall Street Zen lowered TotalEnergies from a “buy” rating to a “hold” rating in a research note on Saturday, May 30th. TD Cowen reaffirmed a “buy” rating on shares of TotalEnergies in a research note on Monday, April 20th. Kepler Capital Markets raised TotalEnergies from a “reduce” rating to a “hold” rating in a research note on Thursday, April 23rd. Freedom Capital lowered TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, February 13th. Finally, Zacks Research lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Ten analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, TotalEnergies currently has an average rating of “Moderate Buy” and an average target price of $84.33.

About TotalEnergies

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.