M&T Bank Corp lowered its holdings in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 2.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 260,478 shares of the company's stock after selling 6,704 shares during the quarter. M&T Bank Corp's holdings in TotalEnergies were worth $16,850,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Financial Management Professionals Inc. grew its position in shares of TotalEnergies by 65.8% during the first quarter. Financial Management Professionals Inc. now owns 484 shares of the company's stock worth $31,000 after purchasing an additional 192 shares in the last quarter. Inlight Wealth Management LLC bought a new position in TotalEnergies during the first quarter valued at approximately $32,000. Bernard Wealth Management Corp. bought a new position in TotalEnergies during the fourth quarter valued at approximately $32,000. Arlington Trust Co LLC bought a new position in TotalEnergies during the first quarter valued at approximately $39,000. Finally, Opal Wealth Advisors LLC bought a new position in TotalEnergies during the first quarter valued at approximately $65,000. Hedge funds and other institutional investors own 16.53% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. Morgan Stanley raised TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price target for the company in a research note on Monday, May 12th. Dbs Bank raised TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Scotiabank lowered their price objective on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. BNP Paribas raised TotalEnergies from a "neutral" rating to an "outperform" rating in a research note on Tuesday, April 15th. Finally, Sanford C. Bernstein raised TotalEnergies from a "market perform" rating to an "outperform" rating in a research note on Monday, June 16th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $69.96.
View Our Latest Research Report on TTE
TotalEnergies Trading Up 0.6%
Shares of NYSE TTE traded up $0.39 during midday trading on Friday, hitting $63.00. The company's stock had a trading volume of 1,148,843 shares, compared to its average volume of 1,670,736. The company has a current ratio of 1.07, a quick ratio of 0.86 and a debt-to-equity ratio of 0.38. The business's 50 day moving average is $60.40 and its two-hundred day moving average is $59.73. TotalEnergies SE Sponsored ADR has a 12-month low of $52.78 and a 12-month high of $70.50. The firm has a market cap of $151.05 billion, a P/E ratio of 10.61, a price-to-earnings-growth ratio of 1.26 and a beta of 0.57.
TotalEnergies (NYSE:TTE - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $1.83 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.05). The firm had revenue of $47.90 billion for the quarter, compared to analysts' expectations of $41.23 billion. TotalEnergies had a return on equity of 14.47% and a net margin of 6.60%. During the same quarter in the previous year, the business earned $2.14 earnings per share. As a group, equities research analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.
TotalEnergies Cuts Dividend
The company also recently disclosed a dividend, which was paid on Friday, July 11th. Shareholders of record on Thursday, June 19th were issued a dividend of $0.7108 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a yield of 4.54%. TotalEnergies's payout ratio is currently 49.83%.
About TotalEnergies
(
Free Report)
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.
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