TotalEnergies SE Sponsored ADR $TTE Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lowered its position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) by 14.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 364,203 shares of the company’s stock after selling 59,191 shares during the quarter. PNC Financial Services Group Inc.’s holdings in TotalEnergies were worth $23,826,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TTE. Vanguard Group Inc. acquired a new stake in TotalEnergies during the 4th quarter worth about $5,337,330,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of TotalEnergies by 21,398.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 40,380,511 shares of the company’s stock valued at $2,641,693,000 after buying an additional 40,192,677 shares during the period. Caisse Des Depots ET Consignations acquired a new position in shares of TotalEnergies in the 4th quarter valued at about $1,982,676,000. Bank of Italy acquired a new position in shares of TotalEnergies in the 4th quarter valued at about $422,957,000. Finally, ABN AMRO Bank N.V. acquired a new position in shares of TotalEnergies in the 4th quarter valued at about $122,831,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TTE. Zacks Research raised TotalEnergies from a “hold” rating to a “strong-buy” rating in a report on Monday, March 30th. Kepler Capital Markets raised TotalEnergies from a “reduce” rating to a “hold” rating in a report on Thursday, April 23rd. Morgan Stanley reissued an “overweight” rating on shares of TotalEnergies in a report on Tuesday, May 12th. Citigroup reissued a “buy” rating on shares of TotalEnergies in a report on Thursday, February 12th. Finally, Scotiabank boosted their price objective on TotalEnergies from $73.00 to $97.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.33.

TotalEnergies Stock Performance

NYSE TTE opened at $91.59 on Friday. The stock has a market capitalization of $219.59 billion, a price-to-earnings ratio of 13.57, a PEG ratio of 3.28 and a beta of 0.14. TotalEnergies SE Sponsored ADR has a twelve month low of $57.26 and a twelve month high of $94.17. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41. The stock has a 50-day moving average of $89.97 and a 200 day moving average of $76.40.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. The company had revenue of $49.52 billion during the quarter, compared to analysts’ expectations of $44.58 billion. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%. Sell-side analysts anticipate that TotalEnergies SE Sponsored ADR will post 10.58 EPS for the current fiscal year.

About TotalEnergies

TotalEnergies SE (NYSE: TTE) is a French multinational integrated energy company engaged across the full energy value chain. Founded in 1924 as Compagnie Française des Pétroles, the company grew through a series of mergers and expansions—most notably with Petrofina and Elf Aquitaine around the turn of the millennium—and rebranded to TotalEnergies in 2021 to reflect a broader focus on multiple energy sources. It is organized to operate across upstream and downstream activities while pursuing a transition toward lower-carbon energy solutions.

In upstream, TotalEnergies explores for and produces crude oil and natural gas globally.