TotalEnergies SE (NYSE:TTE) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its position in TotalEnergies SE (NYSE:TTE) by 9.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 611,260 shares of the company’s stock after selling 63,029 shares during the quarter. PNC Financial Services Group Inc.’s holdings in TotalEnergies were worth $39,500,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in TTE. Larson Financial Group LLC increased its position in TotalEnergies by 100.5% in the 2nd quarter. Larson Financial Group LLC now owns 423 shares of the company’s stock valued at $28,000 after acquiring an additional 212 shares during the period. Pathway Financial Advisers LLC acquired a new position in shares of TotalEnergies during the first quarter valued at $29,000. Boit C F David acquired a new position in shares of TotalEnergies during the third quarter valued at $32,000. Maryland Capital Advisors Inc. bought a new stake in shares of TotalEnergies during the third quarter valued at about $32,000. Finally, Eastern Bank acquired a new stake in TotalEnergies in the third quarter worth about $32,000. Institutional investors own 13.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TTE shares. Scotiabank lowered their target price on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Barclays upgraded TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, TD Cowen lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $78.75.

TotalEnergies Trading Down 0.3 %

NYSE:TTE opened at $60.52 on Thursday. The stock has a fifty day simple moving average of $65.13 and a 200 day simple moving average of $67.64. The firm has a market capitalization of $142.91 billion, a price-to-earnings ratio of 8.58, a price-to-earnings-growth ratio of 1.97 and a beta of 0.64. TotalEnergies SE has a 1-year low of $58.46 and a 1-year high of $74.97. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39.

About TotalEnergies

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.