M&T Bank Corp Has $14.56 Million Stock Holdings in TotalEnergies SE (NYSE:TTE)

M&T Bank Corp cut its stake in TotalEnergies SE (NYSE:TTE) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 267,182 shares of the company’s stock after selling 2,676 shares during the quarter. M&T Bank Corp’s holdings in TotalEnergies were worth $14,562,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of TTE. Van ECK Associates Corp increased its stake in shares of TotalEnergies by 10.3% in the third quarter. Van ECK Associates Corp now owns 33,828 shares of the company’s stock worth $2,185,000 after acquiring an additional 3,159 shares during the last quarter. Harvest Portfolios Group Inc. increased its stake in shares of TotalEnergies by 11.7% in the third quarter. Harvest Portfolios Group Inc. now owns 24,654 shares of the company’s stock worth $1,593,000 after acquiring an additional 2,583 shares during the last quarter. Advisors Management Group Inc. ADV increased its stake in shares of TotalEnergies by 1.1% in the third quarter. Advisors Management Group Inc. ADV now owns 147,606 shares of the company’s stock worth $9,538,000 after acquiring an additional 1,627 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in shares of TotalEnergies in the third quarter worth $823,000. Finally, Townsend & Associates Inc increased its stake in shares of TotalEnergies by 16.6% in the third quarter. Townsend & Associates Inc now owns 265,996 shares of the company’s stock worth $17,183,000 after acquiring an additional 37,778 shares during the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Stock Up 1.9 %

TTE stock opened at $61.02 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. TotalEnergies SE has a 52-week low of $53.29 and a 52-week high of $74.97. The company has a 50-day moving average of $58.73 and a two-hundred day moving average of $61.75. The stock has a market capitalization of $146.32 billion, a price-to-earnings ratio of 9.16, a price-to-earnings-growth ratio of 0.98 and a beta of 0.56.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. As a group, equities research analysts anticipate that TotalEnergies SE will post 8.02 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Redburn Atlantic raised shares of TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Royal Bank of Canada raised shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research report on Thursday, December 5th. BNP Paribas downgraded shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 27th. Piper Sandler lowered their target price on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $64.10 target price (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating, two have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $72.42.

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.