TotalEnergies SE (NYSE:TTE) Shares Purchased by M&T Bank Corp

M&T Bank Corp grew its holdings in shares of TotalEnergies SE (NYSE:TTE) by 1.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 211,499 shares of the company’s stock after purchasing an additional 3,656 shares during the quarter. M&T Bank Corp’s holdings in TotalEnergies were worth $14,251,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in TTE. Cerity Partners LLC raised its stake in shares of TotalEnergies by 49.9% during the fourth quarter. Cerity Partners LLC now owns 53,019 shares of the company’s stock valued at $3,578,000 after purchasing an additional 17,658 shares in the last quarter. Weatherly Asset Management L. P. lifted its stake in shares of TotalEnergies by 13.0% in the 4th quarter. Weatherly Asset Management L. P. now owns 65,106 shares of the company’s stock worth $4,438,000 after acquiring an additional 7,498 shares during the period. Certuity LLC boosted its holdings in shares of TotalEnergies by 269.3% in the fourth quarter. Certuity LLC now owns 15,142 shares of the company’s stock valued at $1,020,000 after acquiring an additional 11,042 shares in the last quarter. Oppenheimer & Co. Inc. increased its stake in shares of TotalEnergies by 219.4% during the third quarter. Oppenheimer & Co. Inc. now owns 12,987 shares of the company’s stock valued at $854,000 after acquiring an additional 8,921 shares during the period. Finally, Main Street Research LLC bought a new stake in TotalEnergies during the third quarter worth approximately $10,979,000. 13.22% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other TotalEnergies news, Director Se Totalenergies acquired 196,964 shares of TotalEnergies stock in a transaction on Thursday, March 28th. The shares were bought at an average price of $22.86 per share, with a total value of $4,502,597.04. Following the completion of the purchase, the director now owns 295,235 shares in the company, valued at $6,749,072.10. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

TotalEnergies Stock Performance

Shares of TotalEnergies stock traded up $0.23 on Friday, reaching $71.63. The stock had a trading volume of 744,251 shares, compared to its average volume of 1,386,107. The stock has a market cap of $168.45 billion, a P/E ratio of 8.08, a price-to-earnings-growth ratio of 1.78 and a beta of 0.70. TotalEnergies SE has a fifty-two week low of $54.94 and a fifty-two week high of $74.97. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.90 and a current ratio of 1.09. The business’s 50-day moving average price is $69.56 and its two-hundred day moving average price is $67.38.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Wednesday, February 7th. The company reported $2.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.27). The firm had revenue of $54.77 billion for the quarter, compared to the consensus estimate of $55.14 billion. TotalEnergies had a net margin of 9.52% and a return on equity of 18.30%. During the same quarter in the prior year, the firm posted $2.97 earnings per share. On average, sell-side analysts forecast that TotalEnergies SE will post 9.18 EPS for the current year.

Wall Street Analysts Forecast Growth

TTE has been the subject of several research reports. Piper Sandler raised their target price on TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, April 18th. Scotiabank lifted their price objective on shares of TotalEnergies from $74.00 to $86.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $70.75.

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.