M&T Bank Corp Buys 56,912 Shares of TotalEnergies SE Sponsored ADR $TTE

Key Points

• M&T Bank Corp increased its stake in TotalEnergies by 25.7%, buying 56,912 shares to hold 278,756 shares worth about $18.22 million at the end of the quarter.
• Other big moves included Massachusetts Financial Services adding 40,192,677 shares to reach 40.38 million shares (~$2.64 billion) and the Bank of Italy initiating a stake worth roughly $422.96 million; institutional investors now own 16.53% of the stock.
• TotalEnergies (TTE) opened at $90.43, has a market cap of $216.8 billion and a P/E of 15.6; it reported a quarterly EPS of $1.73 (beat) with $45.93 billion revenue, and analysts' consensus is a "Moderate Buy" with an average target of $80.97.

M&T Bank Corp boosted its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 25.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 278,756 shares of the company's stock after buying an additional 56,912 shares during the period. M&T Bank Corp's holdings in TotalEnergies were worth $18,221,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its holdings in shares of TotalEnergies by 21,398.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 40,380,511 shares of the company's stock worth $2,641,693,000 after purchasing an additional 40,192,677 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of TotalEnergies by 10.0% in the 2nd quarter. Bank of America Corp DE now owns 9,802,968 shares of the company's stock worth $601,804,000 after purchasing an additional 888,574 shares in the last quarter. Bank of Italy bought a new stake in shares of TotalEnergies in the 4th quarter worth $422,957,000. Federated Hermes Inc. increased its holdings in shares of TotalEnergies by 7.3% in the 3rd quarter. Federated Hermes Inc. now owns 3,842,244 shares of the company's stock worth $229,344,000 after purchasing an additional 260,117 shares in the last quarter. Finally, Capital International Investors increased its holdings in shares of TotalEnergies by 0.8% in the 3rd quarter. Capital International Investors now owns 3,423,484 shares of the company's stock worth $211,297,000 after purchasing an additional 27,614 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors.

TotalEnergies Trading Up 1.0%

NYSE:TTE opened at $90.43 on Friday. TotalEnergies SE Sponsored ADR has a one year low of $56.31 and a one year high of $93.49. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.79 and a current ratio of 0.97. The firm has a market cap of $216.81 billion, a P/E ratio of 15.62, a P/E/G ratio of 3.89 and a beta of 0.13. The firm has a 50-day simple moving average of $85.12 and a 200-day simple moving average of $72.24.

TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings results on Wednesday, February 11th. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.72 by $0.01. The firm had revenue of $45.93 billion during the quarter, compared to analyst estimates of $36.69 billion. TotalEnergies had a return on equity of 13.14% and a net margin of 6.52%. Equities analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.65 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TTE has been the subject of a number of research analyst reports. Kepler Capital Markets upgraded shares of TotalEnergies from a "reduce" rating to a "hold" rating in a research note on Thursday. Wall Street Zen raised TotalEnergies to a "hold" rating in a report on Saturday, January 17th. BNP Paribas Exane raised TotalEnergies from a "neutral" rating to an "outperform" rating in a report on Friday, April 17th. TD Cowen restated a "buy" rating on shares of TotalEnergies in a research report on Monday. Finally, Freedom Capital lowered shares of TotalEnergies from a "strong-buy" rating to a "strong sell" rating in a research report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $80.97.

About TotalEnergies

TotalEnergies SE NYSE: TTE is a French multinational integrated energy company engaged across the full energy value chain. Founded in 1924 as Compagnie Française des Pétroles, the company grew through a series of mergers and expansions—most notably with Petrofina and Elf Aquitaine around the turn of the millennium—and rebranded to TotalEnergies in 2021 to reflect a broader focus on multiple energy sources. It is organized to operate across upstream and downstream activities while pursuing a transition toward lower-carbon energy solutions.

In upstream, TotalEnergies explores for and produces crude oil and natural gas globally.

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