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

M&T Bank Corp cut its position in shares of TotalEnergies SE (NYSE:TTE) by 8.2% during the 3rd quarter, HoldingsChannel reports. 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TTE. Dynamic Advisor Solutions LLC boosted its position in shares of TotalEnergies by 4.2% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 6,614 shares of the company’s stock worth $441,000 after purchasing an additional 269 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in shares of TotalEnergies by 3.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 18,352 shares of the company’s stock worth $1,224,000 after purchasing an additional 679 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in TotalEnergies by 16.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 31,406 shares of the company’s stock worth $2,094,000 after purchasing an additional 4,504 shares in the last quarter. GPS Wealth Strategies Group LLC grew its position in TotalEnergies by 593.4% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,463 shares of the company’s stock valued at $98,000 after purchasing an additional 1,252 shares during the last quarter. Finally, AdvisorNet Financial Inc increased its stake in TotalEnergies by 6.7% during the 2nd quarter. AdvisorNet Financial Inc now owns 5,565 shares of the company’s stock valued at $371,000 after purchasing an additional 350 shares in the last quarter. 13.22% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the company. The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Scotiabank decreased their target price on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. TD Cowen lowered shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 30th. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Finally, UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Five investment 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. According to data from MarketBeat, TotalEnergies currently has a consensus rating of “Moderate Buy” and an average target price of $78.75.

TotalEnergies Stock Performance

Shares of NYSE TTE opened at $56.76 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. TotalEnergies SE has a 12-month low of $56.20 and a 12-month high of $74.97. The firm has a market capitalization of $134.04 billion, a price-to-earnings ratio of 8.05, a price-to-earnings-growth ratio of 1.85 and a beta of 0.61. The firm has a 50 day moving average of $62.37 and a 200 day moving average of $66.14.

TotalEnergies Cuts Dividend

The business also recently disclosed 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 dividend payout ratio (DPR) is 34.75%.

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.