Bank of New York Mellon Corp Has $39.17 Million Stock Position in TotalEnergies SE (NYSE:TTE)

Bank of New York Mellon Corp increased its position in shares of TotalEnergies SE (NYSE:TTE) by 4.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 587,457 shares of the company’s stock after buying an additional 23,243 shares during the quarter. Bank of New York Mellon Corp’s holdings in TotalEnergies were worth $39,172,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in TTE. North Star Investment Management Corp. raised its stake in shares of TotalEnergies by 310.0% in the first quarter. North Star Investment Management Corp. now owns 410 shares of the company’s stock worth $28,000 after purchasing an additional 310 shares during the last quarter. Pathway Financial Advisers LLC purchased a new stake in shares of TotalEnergies in the first quarter worth approximately $29,000. Frazier Financial Advisors LLC purchased a new stake in shares of TotalEnergies in the fourth quarter worth approximately $30,000. Creekmur Asset Management LLC purchased a new stake in shares of TotalEnergies in the fourth quarter worth approximately $31,000. Finally, Johnson Financial Group Inc. purchased a new stake in shares of TotalEnergies in the fourth quarter worth approximately $33,000. 13.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on TTE shares. Scotiabank lowered their price objective on TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. Wolfe Research began coverage on TotalEnergies in a report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 target price for the company.

TotalEnergies Stock Performance

TTE stock opened at $69.00 on Tuesday. The firm has a market cap of $162.94 billion, a PE ratio of 7.79, a P/E/G ratio of 1.79 and a beta of 0.64. The company has a quick ratio of 0.87, a current ratio of 1.11 and a debt-to-equity ratio of 0.35. The business has a 50 day moving average of $68.21 and a 200-day moving average of $69.10. TotalEnergies SE has a 12-month low of $62.28 and a 12-month high of $74.97.

TotalEnergies (NYSE:TTE) last released its earnings results on Thursday, July 25th. The company reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by ($0.13). TotalEnergies had a net margin of 9.49% and a return on equity of 17.92%. The business had revenue of $53.74 billion during the quarter, compared to the consensus estimate of $60.45 billion. During the same period in the prior year, the company earned $1.99 earnings per share. As a group, sell-side analysts expect that TotalEnergies SE will post 8.77 earnings per share for the current year.

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.