PNC Financial Services Group Inc. Sells 53,452 Shares of TotalEnergies SE (NYSE:TTE)

PNC Financial Services Group Inc. cut its holdings in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 8.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 557,808 shares of the company's stock after selling 53,452 shares during the quarter. PNC Financial Services Group Inc.'s holdings in TotalEnergies were worth $30,401,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Haven Private LLC bought a new position in shares of TotalEnergies during the fourth quarter worth approximately $278,000. Marco Investment Management LLC increased its holdings in shares of TotalEnergies by 2.6% during the fourth quarter. Marco Investment Management LLC now owns 19,659 shares of the company's stock worth $1,071,000 after purchasing an additional 500 shares during the period. Ashton Thomas Private Wealth LLC increased its holdings in shares of TotalEnergies by 0.7% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 43,667 shares of the company's stock worth $2,415,000 after purchasing an additional 311 shares during the period. Callan Family Office LLC bought a new position in shares of TotalEnergies during the fourth quarter worth approximately $1,975,000. Finally, Raymond James Financial Inc. bought a new position in shares of TotalEnergies during the fourth quarter worth approximately $156,044,000. 16.53% of the stock is owned by institutional investors.

TotalEnergies Trading Up 0.1 %

NYSE TTE traded up $0.03 during mid-day trading on Wednesday, reaching $61.54. 2,338,796 shares of the stock were exchanged, compared to its average volume of 1,525,932. TotalEnergies SE has a one year low of $53.29 and a one year high of $74.97. The stock has a 50 day simple moving average of $59.40 and a 200-day simple moving average of $61.47. The stock has a market cap of $147.56 billion, a P/E ratio of 9.24, a P/E/G ratio of 0.98 and a beta of 0.56. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88.

Remove Ads

TotalEnergies (NYSE:TTE - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, topping analysts' consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. On average, analysts anticipate that TotalEnergies SE will post 8.02 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TTE shares. Royal Bank of Canada upgraded shares of TotalEnergies from a "sector perform" rating to an "outperform" rating in a research report on Thursday, December 5th. Piper Sandler cut their target price on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating on the stock in a research report on Thursday, December 19th. BNP Paribas lowered shares of TotalEnergies from an "outperform" rating to a "neutral" rating in a research report on Wednesday, November 27th. Redburn Atlantic upgraded shares of TotalEnergies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Finally, Morgan Stanley reiterated an "equal weight" rating and set a $64.10 price target (down previously from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $72.42.

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.