PNC Financial Services Group Inc. Sells 63,029 Shares of TotalEnergies SE (NYSE:TTE)

PNC Financial Services Group Inc. reduced its position in shares of TotalEnergies SE (NYSE:TTE - Free Report) by 9.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 SEC filing.

Several other hedge funds also recently modified their holdings of the company. Larson Financial Group LLC boosted its holdings in TotalEnergies by 100.5% during the second quarter. Larson Financial Group LLC now owns 423 shares of the company's stock worth $28,000 after buying an additional 212 shares in the last quarter. Pathway Financial Advisers LLC acquired a new stake in shares of TotalEnergies during the 1st quarter valued at $29,000. Boit C F David bought a new stake in shares of TotalEnergies during the 3rd quarter worth $32,000. Maryland Capital Advisors Inc. acquired a new position in shares of TotalEnergies in the 3rd quarter worth $32,000. Finally, Eastern Bank acquired a new stake in shares of TotalEnergies during the third quarter worth $32,000. 13.22% of the stock is currently owned by institutional investors and hedge funds.

TotalEnergies Stock Performance

Shares of TTE opened at $60.52 on Thursday. TotalEnergies SE has a 52 week low of $58.46 and a 52 week high of $74.97. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10. The company has a market capitalization of $142.91 billion, a PE ratio of 8.58, a PEG ratio of 1.97 and a beta of 0.64. The company's 50 day moving average price is $65.13 and its 200 day moving average price is $67.64.

Analyst Ratings Changes

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

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.