PNC Financial Services Group Inc. Lowers Position in TotalEnergies SE (NYSE:TTE)

PNC Financial Services Group Inc. cut its stake in shares of TotalEnergies SE (NYSE:TTE) by 8.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 557,808 shares of the company’s stock after selling 53,452 shares during the period. PNC Financial Services Group Inc.’s holdings in TotalEnergies were worth $30,401,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. FSA Wealth Management LLC purchased a new position in TotalEnergies during the third quarter valued at $26,000. Continuum Advisory LLC lifted its position in TotalEnergies by 70.4% during the third quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares in the last quarter. Asset Planning Inc purchased a new position in TotalEnergies during the fourth quarter valued at $31,000. HHM Wealth Advisors LLC lifted its position in TotalEnergies by 156.3% during the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company’s stock valued at $36,000 after purchasing an additional 400 shares in the last quarter. Finally, Versant Capital Management Inc purchased a new position in TotalEnergies during the fourth quarter valued at $45,000. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Piper Sandler decreased their price target on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Morgan Stanley reissued an “equal weight” rating and set a $64.10 price target (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. Finally, Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. Six investment 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Trading Up 0.9 %

TTE opened at $61.36 on Monday. The firm has a market cap of $147.11 billion, a P/E ratio of 9.21, a P/E/G ratio of 0.98 and a beta of 0.56. TotalEnergies SE has a 12 month low of $53.29 and a 12 month high of $74.97. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.36. The stock has a 50-day moving average of $58.99 and a 200 day moving average of $61.59.

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

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.