PNC Financial Services Group Inc. Decreases Stake in TotalEnergies SE (NYSE:TTE)

PNC Financial Services Group Inc. lowered its holdings in TotalEnergies SE (NYSE:TTE) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,129,776 shares of the company’s stock after selling 9,271 shares during the quarter. PNC Financial Services Group Inc.’s holdings in TotalEnergies were worth $76,124,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TTE. Jump Financial LLC acquired a new stake in shares of TotalEnergies in the third quarter worth $287,000. Massachusetts Financial Services Co. MA grew its position in TotalEnergies by 10.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 86,637 shares of the company’s stock valued at $5,697,000 after buying an additional 8,232 shares during the period. Atria Wealth Solutions Inc. grew its position in TotalEnergies by 3.2% during the third quarter. Atria Wealth Solutions Inc. now owns 23,059 shares of the company’s stock valued at $1,518,000 after buying an additional 709 shares during the period. Janney Montgomery Scott LLC grew its position in TotalEnergies by 2.3% during the third quarter. Janney Montgomery Scott LLC now owns 144,309 shares of the company’s stock valued at $9,490,000 after buying an additional 3,186 shares during the period. Finally, Pathstone Family Office LLC grew its position in TotalEnergies by 96.1% during the third quarter. Pathstone Family Office LLC now owns 7,967 shares of the company’s stock valued at $526,000 after buying an additional 3,905 shares during the period. Institutional investors and hedge funds own 13.22% of the company’s stock.

TotalEnergies Price Performance

Shares of NYSE TTE traded down $1.10 during trading on Friday, hitting $69.73. The company had a trading volume of 1,436,985 shares, compared to its average volume of 951,673. The stock has a fifty day simple moving average of $72.20 and a two-hundred day simple moving average of $68.30. TotalEnergies SE has a fifty-two week low of $54.94 and a fifty-two week high of $74.97. The firm has a market capitalization of $163.98 billion, a price-to-earnings ratio of 7.87, a price-to-earnings-growth ratio of 1.75 and a beta of 0.67. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.31.

TotalEnergies (NYSE:TTE) last announced its earnings results on Friday, April 26th. The company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.18. TotalEnergies had a net margin of 9.52% and a return on equity of 18.30%. The business had revenue of $56.28 billion for the quarter, compared to analyst estimates of $59.64 billion. On average, research analysts expect that TotalEnergies SE will post 9.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Scotiabank raised their price target on shares of TotalEnergies from $74.00 to $86.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Piper Sandler raised their price target on shares of TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a research report on Thursday, April 18th. Six research analysts have rated the stock with a hold rating, According to MarketBeat.com, TotalEnergies has a consensus rating of “Hold” and an average target price of $70.75.

Insider Transactions at TotalEnergies

In other TotalEnergies news, Director Se Totalenergies purchased 196,964 shares of the firm’s stock in a transaction dated Thursday, March 28th. The shares were purchased at an average cost 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 approximately $6,749,072.10. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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.