Bank of Montreal Can Grows Position in TotalEnergies SE (NYSE:TTE)

Bank of Montreal Can lifted its position in shares of TotalEnergies SE (NYSE:TTE) by 1.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 425,598 shares of the company’s stock after purchasing an additional 5,218 shares during the quarter. Bank of Montreal Can’s holdings in TotalEnergies were worth $28,153,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in TTE. Brown Brothers Harriman & Co. grew its position in TotalEnergies by 26.5% during the third quarter. Brown Brothers Harriman & Co. now owns 2,332 shares of the company’s stock valued at $151,000 after buying an additional 488 shares during the period. DRW Securities LLC boosted its stake in shares of TotalEnergies by 134.5% during the 3rd quarter. DRW Securities LLC now owns 64,209 shares of the company’s stock worth $4,149,000 after acquiring an additional 250,427 shares in the last quarter. Independent Advisor Alliance grew its position in shares of TotalEnergies by 29.5% during the 3rd quarter. Independent Advisor Alliance now owns 12,024 shares of the company’s stock valued at $777,000 after acquiring an additional 2,737 shares during the period. Hartford Funds Management Co LLC increased its stake in shares of TotalEnergies by 2.2% in the 3rd quarter. Hartford Funds Management Co LLC now owns 13,132 shares of the company’s stock valued at $849,000 after purchasing an additional 287 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of TotalEnergies by 279.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,606 shares of the company’s stock valued at $104,000 after purchasing an additional 1,183 shares in the last quarter. 13.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TTE has been the topic of several research analyst reports. Scotiabank dropped their price objective on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. TD Cowen cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday. Finally, UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $78.75.

TotalEnergies Trading Up 1.5 %

Shares of TTE stock opened at $58.00 on Friday. TotalEnergies SE has a fifty-two week low of $56.69 and a fifty-two week high of $74.97. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10. The stock’s fifty day moving average is $63.95 and its two-hundred day moving average is $67.07. The firm has a market capitalization of $136.96 billion, a P/E ratio of 8.23, a PEG 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.