TotalEnergies SE (NYSE:TTE) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can increased its stake in shares of TotalEnergies SE (NYSE:TTE) by 1.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 425,598 shares of the company’s stock after buying an additional 5,218 shares during the quarter. Bank of Montreal Can’s holdings in TotalEnergies were worth $28,153,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cetera Investment Advisers raised its holdings in shares of TotalEnergies by 105.0% during the 1st quarter. Cetera Investment Advisers now owns 215,737 shares of the company’s stock worth $14,849,000 after acquiring an additional 110,497 shares during the period. B. Riley Wealth Advisors Inc. acquired a new stake in TotalEnergies during the first quarter worth about $710,000. Crossmark Global Holdings Inc. raised its stake in TotalEnergies by 48.3% during the third quarter. Crossmark Global Holdings Inc. now owns 167,364 shares of the company’s stock worth $10,815,000 after purchasing an additional 54,478 shares during the period. CWA Asset Management Group LLC acquired a new position in TotalEnergies in the 3rd quarter valued at about $823,000. Finally, Equity Investment Corp grew its stake in shares of TotalEnergies by 2.3% in the 3rd quarter. Equity Investment Corp now owns 1,862,312 shares of the company’s stock valued at $120,343,000 after buying an additional 41,564 shares during the period. Institutional investors and hedge funds own 13.22% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on TTE. TD Cowen lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday. Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Five equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $78.75.

TotalEnergies Price Performance

TTE stock opened at $58.00 on Friday. The business’s fifty day moving average price is $63.95 and its 200 day moving average price is $67.07. TotalEnergies SE has a 12-month low of $56.69 and a 12-month high of $74.97. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $136.96 billion, a PE ratio of 8.23, a P/E/G ratio of 1.85 and a beta of 0.64.

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.