TotalEnergies SE Sponsored ADR (NYSE:TTE) Shares Sold by M&T Bank Corp

M&T Bank Corp reduced its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE - Free Report) by 2.5% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 260,478 shares of the company's stock after selling 6,704 shares during the period. M&T Bank Corp's holdings in TotalEnergies were worth $16,850,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its stake in shares of TotalEnergies by 41.7% during the 4th quarter. Franklin Resources Inc. now owns 5,685,348 shares of the company's stock worth $309,851,000 after acquiring an additional 1,672,387 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in shares of TotalEnergies during the 1st quarter worth about $280,000. Bank of Montreal Can boosted its stake in shares of TotalEnergies by 13.9% during the 4th quarter. Bank of Montreal Can now owns 484,854 shares of the company's stock worth $26,425,000 after acquiring an additional 59,256 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of TotalEnergies by 10.0% during the 4th quarter. Royal Bank of Canada now owns 2,917,438 shares of the company's stock worth $159,000,000 after acquiring an additional 265,251 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of TotalEnergies by 5.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 373,728 shares of the company's stock worth $20,368,000 after acquiring an additional 20,734 shares in the last quarter. 16.53% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TTE shares. Dbs Bank raised shares of TotalEnergies from a "hold" rating to a "buy" rating in a research note on Wednesday, May 7th. Scotiabank lowered their target price on shares of TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating on the stock in a research note on Friday, April 11th. Piper Sandler raised their price target on shares of TotalEnergies from $65.00 to $68.00 and gave the company a "neutral" rating in a research note on Wednesday, July 2nd. Morgan Stanley raised shares of TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price target on the stock in a research note on Monday, May 12th. Finally, Citigroup raised shares of TotalEnergies from a "neutral" rating to a "buy" rating in a research note on Wednesday, March 26th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $69.96.

TotalEnergies Price Performance

TTE stock traded up $0.53 during mid-day trading on Wednesday, reaching $62.57. The company's stock had a trading volume of 918,096 shares, compared to its average volume of 1,661,280. The stock has a market cap of $150.02 billion, a PE ratio of 10.53, a P/E/G ratio of 1.21 and a beta of 0.57. The company has a current ratio of 1.07, a quick ratio of 0.86 and a debt-to-equity ratio of 0.38. TotalEnergies SE Sponsored ADR has a fifty-two week low of $52.78 and a fifty-two week high of $70.50. The company's 50 day moving average is $60.09 and its two-hundred day moving average is $59.56.

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 analysts' consensus estimates of $1.88 by ($0.05). The business had revenue of $47.90 billion during the quarter, compared to analyst estimates of $41.23 billion. TotalEnergies had a net margin of 6.60% and a return on equity of 14.47%. During the same quarter in the previous year, the company posted $2.14 EPS. Equities research analysts expect that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

TotalEnergies Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, July 11th. Shareholders of record on Thursday, June 19th will be issued a $0.7108 dividend. The ex-dividend date is Wednesday, June 18th. This represents a yield of 4.54%. TotalEnergies's payout ratio is 49.83%.

TotalEnergies Company 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.