Bank of New York Mellon Corp Has $33.01 Million Stock Holdings in TotalEnergies SE (NYSE:TTE)

Bank of New York Mellon Corp decreased its position in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 605,608 shares of the company's stock after selling 8,138 shares during the period. Bank of New York Mellon Corp's holdings in TotalEnergies were worth $33,006,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in TTE. Wrapmanager Inc. lifted its stake in TotalEnergies by 22.4% in the 4th quarter. Wrapmanager Inc. now owns 6,336 shares of the company's stock valued at $345,000 after purchasing an additional 1,161 shares during the last quarter. IFP Advisors Inc lifted its stake in TotalEnergies by 25.8% in the 4th quarter. IFP Advisors Inc now owns 2,080 shares of the company's stock valued at $113,000 after purchasing an additional 426 shares during the last quarter. World Equity Group Inc. bought a new position in TotalEnergies in the 4th quarter valued at approximately $209,000. Atlantic Family Wealth LLC bought a new position in TotalEnergies in the 4th quarter valued at approximately $277,000. Finally, MONECO Advisors LLC lifted its stake in TotalEnergies by 15.8% in the 4th quarter. MONECO Advisors LLC now owns 5,674 shares of the company's stock valued at $309,000 after purchasing an additional 774 shares during the last quarter. Institutional investors and hedge funds own 16.53% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TTE. BNP Paribas downgraded shares of TotalEnergies from an "outperform" rating to a "neutral" rating in a research note on Wednesday, November 27th. Piper Sandler dropped their price objective on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating for the company in a research note on Thursday, December 19th. Royal Bank of Canada raised shares of TotalEnergies from a "sector perform" rating to an "outperform" rating in a research note on Thursday, December 5th. Redburn Atlantic raised shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Finally, Morgan Stanley reaffirmed an "equal weight" rating and set a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Six equities research analysts have rated the stock with a hold rating, two have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $72.42.

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TotalEnergies Trading Up 0.9 %

NYSE TTE traded up $0.58 during mid-day trading on Friday, reaching $61.36. 2,835,004 shares of the stock were exchanged, compared to its average volume of 1,514,955. TotalEnergies SE has a one year low of $53.29 and a one year high of $74.97. The stock has a 50 day simple moving average of $58.99 and a 200-day simple moving average of $61.64. The stock has a market cap of $147.11 billion, a P/E ratio of 9.21, a P/E/G ratio of 0.98 and a beta of 0.56. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88.

TotalEnergies (NYSE:TTE - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, topping analysts' consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. On average, analysts anticipate that TotalEnergies SE will post 8.02 EPS 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.