M&T Bank Corp Sells 23,949 Shares of TotalEnergies SE (NYSE:TTE)

M&T Bank Corp cut its stake in shares of TotalEnergies SE (NYSE:TTE) by 8.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 269,858 shares of the company’s stock after selling 23,949 shares during the period. M&T Bank Corp’s holdings in TotalEnergies were worth $17,438,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TTE. FMR LLC raised its position in TotalEnergies by 2.7% during the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after purchasing an additional 324,033 shares in the last quarter. Raymond James & Associates raised its holdings in shares of TotalEnergies by 0.6% during the 3rd quarter. Raymond James & Associates now owns 2,320,091 shares of the company’s stock valued at $149,924,000 after buying an additional 13,022 shares in the last quarter. Natixis Advisors LLC lifted its position in TotalEnergies by 4.9% in the 3rd quarter. Natixis Advisors LLC now owns 2,266,950 shares of the company’s stock worth $146,490,000 after buying an additional 106,347 shares during the last quarter. Equity Investment Corp boosted its stake in TotalEnergies by 2.3% in the third quarter. Equity Investment Corp now owns 1,862,312 shares of the company’s stock worth $120,343,000 after buying an additional 41,564 shares in the last quarter. Finally, HighTower Advisors LLC grew its position in TotalEnergies by 5.2% during the third quarter. HighTower Advisors LLC now owns 737,658 shares of the company’s stock valued at $47,655,000 after acquiring an additional 36,299 shares during the last quarter. 13.22% of the stock is owned by hedge funds and other institutional investors.

TotalEnergies Stock Down 1.5 %

NYSE TTE opened at $56.76 on Wednesday. TotalEnergies SE has a 1 year low of $56.20 and a 1 year high of $74.97. The stock has a market capitalization of $134.04 billion, a PE ratio of 8.05, a PEG ratio of 1.85 and a beta of 0.61. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. The business’s 50-day moving average is $62.37 and its 200 day moving average is $66.14.

TotalEnergies Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st will be paid a $0.8308 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. TotalEnergies’s payout ratio is 34.75%.

Analyst Ratings Changes

TTE has been the subject of a number of research reports. 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. UBS Group upgraded shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Scotiabank decreased 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. BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Finally, TD Cowen cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, TotalEnergies currently has an average rating of “Moderate Buy” and a consensus price target of $78.75.

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.