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

PNC Financial Services Group Inc. decreased its holdings in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 14.0% in the fourth quarter, HoldingsChannel.com reports. 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 large investors also recently bought and sold shares of TTE. YANKCOM Partnership raised its holdings in TotalEnergies by 146.8% in the 4th quarter. YANKCOM Partnership now owns 390 shares of the company’s stock worth $25,000 after purchasing an additional 232 shares during the period. MH & Associates Securities Management Corp ADV purchased a new stake in TotalEnergies during the 4th quarter worth approximately $29,000. Lodestone Wealth Management LLC purchased a new stake in TotalEnergies during the 4th quarter worth approximately $32,000. Elyxium Wealth LLC purchased a new stake in TotalEnergies during the 4th quarter worth approximately $33,000. Finally, Colonial Trust Advisors increased its stake in TotalEnergies by 212.6% during the 3rd quarter. Colonial Trust Advisors now owns 619 shares of the company’s stock worth $37,000 after buying an additional 421 shares in the last quarter. Institutional investors and hedge funds own 16.53% of the company’s stock.

TotalEnergies Price Performance

TTE stock opened at $91.59 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.85. The business has a 50 day simple moving average of $89.97 and a 200-day simple moving average of $76.40. The firm has a market capitalization of $219.59 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 3.28 and a beta of 0.14. TotalEnergies SE Sponsored ADR has a 1 year low of $57.26 and a 1 year high of $94.17.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Morgan Stanley reiterated an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. JPMorgan Chase & Co. upgraded TotalEnergies from a “neutral” rating to an “overweight” rating in a research note on Monday, March 2nd. Wall Street Zen upgraded TotalEnergies from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Zacks Research upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 30th. Finally, Freedom Capital lowered TotalEnergies from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.33.

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.