M&T Bank Corp Cuts Stake in TotalEnergies SE (NYSE:TTE)

M&T Bank Corp cut its holdings in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 8.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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.

Several other large investors have also added to or reduced their stakes in TTE. FSA Wealth Management LLC purchased a new stake in shares of TotalEnergies in the third quarter valued at about $26,000. Continuum Advisory LLC grew its position in TotalEnergies by 70.4% in the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company's stock worth $27,000 after purchasing an additional 183 shares in the last quarter. Larson Financial Group LLC increased its stake in TotalEnergies by 100.5% in the 2nd quarter. Larson Financial Group LLC now owns 423 shares of the company's stock valued at $28,000 after buying an additional 212 shares during the last quarter. Boit C F David bought a new position in shares of TotalEnergies during the 3rd quarter worth approximately $32,000. Finally, Maryland Capital Advisors Inc. purchased a new position in shares of TotalEnergies in the 3rd quarter worth approximately $32,000. Institutional investors own 13.22% of the company's stock.

TotalEnergies Trading Down 0.2 %

Shares of NYSE:TTE traded down $0.11 on Wednesday, reaching $56.65. 2,776,945 shares of the company traded hands, compared to its average volume of 1,533,363. TotalEnergies SE has a 52 week low of $55.92 and a 52 week 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 business's 50-day simple moving average is $62.37 and its 200 day simple moving average is $66.14. The stock has a market capitalization of $133.78 billion, a P/E ratio of 8.05, a price-to-earnings-growth ratio of 1.85 and a beta of 0.61.

TotalEnergies Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st will be given a $0.8308 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. TotalEnergies's payout ratio is 34.75%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Barclays raised TotalEnergies to a "strong-buy" rating in a research report on Wednesday, October 2nd. UBS Group raised TotalEnergies to a "strong-buy" rating in a research report on Wednesday, October 9th. Royal Bank of Canada raised shares of TotalEnergies from a "sector perform" rating to an "outperform" rating in a report on Thursday, December 5th. The Goldman Sachs Group upgraded shares of TotalEnergies to a "hold" rating in a report on Thursday, October 3rd. Finally, TD Cowen cut shares of TotalEnergies from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 30th. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average 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.