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

PNC Financial Services Group Inc. decreased its holdings in shares of TotalEnergies SE (NYSE:TTE) by 8.7% during the fourth quarter, HoldingsChannel reports. 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.

A number of other hedge funds have also recently modified their holdings of the business. FMR LLC grew its stake in shares of TotalEnergies by 2.7% during the third quarter. FMR LLC now owns 12,445,228 shares of the company’s stock valued at $804,211,000 after buying an additional 324,033 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of TotalEnergies by 62.7% during the third quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock valued at $273,323,000 after buying an additional 1,546,866 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of TotalEnergies during the fourth quarter valued at approximately $156,044,000. Natixis Advisors LLC grew its stake in shares of TotalEnergies by 4.9% during the third quarter. Natixis Advisors LLC now owns 2,266,950 shares of the company’s stock valued at $146,490,000 after buying an additional 106,347 shares during the last quarter. Finally, Equity Investment Corp grew its stake in shares of TotalEnergies by 10.5% during the fourth quarter. Equity Investment Corp now owns 2,058,589 shares of the company’s stock valued at $112,193,000 after buying an additional 196,277 shares during the last quarter. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Up 0.9 %

TotalEnergies stock opened at $61.36 on Monday. The business has a fifty day moving average of $58.99 and a two-hundred day moving average of $61.59. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. 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 twelve month low of $53.29 and a twelve month high of $74.97.

TotalEnergies (NYSE:TTE) last posted 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 return on equity of 15.22% and a net margin of 7.34%. On average, analysts forecast that TotalEnergies SE will post 8.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on TTE. Redburn Atlantic raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. Morgan Stanley reissued an “equal weight” rating and issued a $64.10 price objective (down previously from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Piper Sandler dropped their price objective on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. BNP Paribas cut TotalEnergies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, November 27th. Finally, Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $72.42.

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.