PNC Financial Services Group Inc. Has $28.19 Million Stock Position in TotalEnergies SE Sponsored ADR $TTE

by · The Cerbat Gem

PNC Financial Services Group Inc. reduced its stake in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE – Free Report) by 14.9% in the first quarter, HoldingsChannel.com reports. The firm owned 309,860 shares of the company’s stock after selling 54,343 shares during the period. PNC Financial Services Group Inc.’s holdings in TotalEnergies were worth $28,191,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of TTE. Baader Bank Aktiengesellschaft grew its stake in shares of TotalEnergies by 29.4% in the 1st quarter. Baader Bank Aktiengesellschaft now owns 282,999 shares of the company’s stock worth $26,456,000 after acquiring an additional 64,353 shares in the last quarter. DJE Kapital AG boosted its holdings in TotalEnergies by 91.1% during the first quarter. DJE Kapital AG now owns 3,052,518 shares of the company’s stock worth $282,461,000 after purchasing an additional 1,455,230 shares during the last quarter. Summit Global Investments boosted its holdings in TotalEnergies by 28.5% during the first quarter. Summit Global Investments now owns 9,800 shares of the company’s stock worth $892,000 after purchasing an additional 2,176 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new stake in TotalEnergies in the 1st quarter worth about $39,000. Finally, Amova Asset Management Americas Inc. grew its position in TotalEnergies by 38.3% in the 1st quarter. Amova Asset Management Americas Inc. now owns 71,619 shares of the company’s stock worth $6,509,000 after purchasing an additional 19,840 shares in the last quarter. 16.53% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on TTE. Weiss Ratings raised shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Morgan Stanley reaffirmed an “overweight” rating on shares of TotalEnergies in a report on Tuesday, May 12th. Piper Sandler reaffirmed a “neutral” rating and set a $85.00 price target on shares of TotalEnergies in a research report on Thursday. Scotiabank lifted their price target on TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Finally, CICC Research started coverage on TotalEnergies in a research note on Tuesday, June 23rd. They issued an “outperform” rating for the company. Eleven research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $87.14.

View Our Latest Stock Analysis on TTE

TotalEnergies Trading Up 0.8%

NYSE:TTE opened at $86.93 on Friday. TotalEnergies SE Sponsored ADR has a 12 month low of $57.39 and a 12 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 firm’s 50 day moving average is $84.01 and its 200 day moving average is $82.14. The stock has a market capitalization of $208.43 billion, a PE ratio of 10.88, a price-to-earnings-growth ratio of 3.08 and a beta of 0.14.

TotalEnergies (NYSE:TTE – Get Free Report) last announced its quarterly earnings data on Tuesday, June 30th. The company reported $2.68 earnings per share for the quarter. TotalEnergies had a return on equity of 16.01% and a net margin of 8.29%.The business had revenue of $57.10 billion during the quarter. Sell-side analysts expect that TotalEnergies SE Sponsored ADR will post 10.54 earnings per share for the current year.

Key TotalEnergies News

Here are the key news stories impacting TotalEnergies this week:

  • Positive Sentiment: TotalEnergies reported second-quarter results that highlighted a 67%-68% jump in profit, driven by higher oil prices and strong refining/trading margins. The company also posted solid cash flow and reduced net debt, reinforcing balance-sheet strength. Reuters: TotalEnergies Q2 profit up 67% on higher oil price, strong refining margins
  • Positive Sentiment: The board approved a second interim dividend of €0.90 per share, a 5.9% increase from last year, which should appeal to income-focused investors. Business Wire: Second interim dividend
  • Positive Sentiment: Management said the company earned about $400 million annually from Russian LNG cargo sales, adding to near-term cash generation. Reuters: Russian LNG sales
  • Positive Sentiment: TD Cowen raised its price target to $105 and kept a Buy rating, signaling further upside potential after the results. The Fly: TD Cowen price target increase
  • Neutral Sentiment: One post-earnings note said Q2 earnings and sales missed estimates because lower production offset stronger cash flow and refining gains, so the market is balancing a mixed headline against better underlying profitability. Zacks: Q2 earnings and sales miss estimates
  • Neutral Sentiment: Management also said it will exit its stake in the Arctic LNG 2 project in Russia, a strategic move that reduces exposure but may limit some future upside from that asset. Reuters: Exit Arctic LNG 2
  • Negative Sentiment: Piper Sandler reiterated a Neutral rating with an $85 target, suggesting limited upside from current levels compared with more bullish analyst views. Benzinga: Piper Sandler rating

About TotalEnergies

(Free Report)

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.

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