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

M&T Bank Corp lowered its position in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 8.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 269,858 shares of the company's stock after selling 23,949 shares during the quarter. M&T Bank Corp's holdings in TotalEnergies were worth $17,438,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. grew its holdings in TotalEnergies by 12.4% during the third quarter. Mather Group LLC. now owns 1,312 shares of the company's stock valued at $85,000 after purchasing an additional 145 shares during the period. Venturi Wealth Management LLC grew its holdings in TotalEnergies by 0.6% during the third quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company's stock valued at $1,793,000 after purchasing an additional 165 shares during the period. Integrated Wealth Concepts LLC boosted its holdings in shares of TotalEnergies by 1.0% in the third quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company's stock valued at $1,085,000 after buying an additional 169 shares during the period. Tradition Wealth Management LLC boosted its holdings in shares of TotalEnergies by 2.5% in the third quarter. Tradition Wealth Management LLC now owns 7,124 shares of the company's stock valued at $460,000 after buying an additional 171 shares during the period. Finally, Lake Street Advisors Group LLC boosted its holdings in shares of TotalEnergies by 2.2% in the third quarter. Lake Street Advisors Group LLC now owns 8,595 shares of the company's stock valued at $563,000 after buying an additional 181 shares during the period. Institutional investors and hedge funds own 13.22% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TTE. Royal Bank of Canada upgraded shares of TotalEnergies from a "sector perform" rating to an "outperform" rating in a report on Thursday, December 5th. Scotiabank dropped their price objective on shares of TotalEnergies from $80.00 to $75.00 and set a "sector perform" rating on the stock in a research report on Thursday, October 10th. Barclays upgraded shares of TotalEnergies to a "strong-buy" rating in a research note on Wednesday, October 2nd. TD Cowen downgraded shares of TotalEnergies from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 30th. Finally, UBS Group upgraded shares of TotalEnergies to a "strong-buy" rating in a research note on Wednesday, October 9th. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $78.75.

TotalEnergies Price Performance

Shares of TTE traded down $0.11 during mid-day trading on Wednesday, reaching $56.65. The company had a trading volume of 2,776,945 shares, compared to its average volume of 1,533,363. The company's 50 day simple moving average is $62.16 and its 200 day simple moving average is $66.07. TotalEnergies SE has a 1-year low of $55.92 and a 1-year 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 company has a market capitalization of $133.78 billion, a price-to-earnings ratio of 8.04, a P/E/G ratio of 1.85 and a beta of 0.61.

TotalEnergies Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, January 21st. Stockholders 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 currently 34.75%.

TotalEnergies Company 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.