Jennison Associates LLC Raises Stock Holdings in TotalEnergies SE (NYSE:TTE)

Jennison Associates LLC boosted its holdings in TotalEnergies SE (NYSE:TTE) by 21.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 476,708 shares of the company’s stock after buying an additional 83,148 shares during the quarter. Jennison Associates LLC’s holdings in TotalEnergies were worth $32,121,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of TTE. IFP Advisors Inc raised its position in TotalEnergies by 10.2% in the 3rd quarter. IFP Advisors Inc now owns 1,695 shares of the company’s stock worth $111,000 after buying an additional 157 shares during the last quarter. Strategic Blueprint LLC purchased a new stake in shares of TotalEnergies during the 3rd quarter valued at about $203,000. Coronation Fund Managers Ltd. increased its position in shares of TotalEnergies by 63.2% during the 3rd quarter. Coronation Fund Managers Ltd. now owns 291,703 shares of the company’s stock valued at $19,182,000 after purchasing an additional 112,921 shares during the last quarter. Simplicity Solutions LLC increased its position in shares of TotalEnergies by 42.5% during the 3rd quarter. Simplicity Solutions LLC now owns 55,279 shares of the company’s stock valued at $3,635,000 after purchasing an additional 16,474 shares during the last quarter. Finally, InTrack Investment Management Inc increased its position in shares of TotalEnergies by 13.2% during the 3rd quarter. InTrack Investment Management Inc now owns 10,375 shares of the company’s stock valued at $682,000 after purchasing an additional 1,210 shares during the last quarter. Hedge funds and other institutional investors own 13.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TTE shares. Scotiabank boosted their price objective on TotalEnergies from $74.00 to $86.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Piper Sandler boosted their price objective on TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, April 18th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $70.75.

Insiders Place Their Bets

In other TotalEnergies news, Director Se Totalenergies purchased 196,964 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was acquired at an average cost of $22.86 per share, for a total transaction of $4,502,597.04. Following the purchase, the director now directly owns 295,235 shares of the company’s stock, valued at approximately $6,749,072.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

TotalEnergies Trading Down 0.3 %

TTE stock opened at $72.76 on Thursday. TotalEnergies SE has a 1-year low of $54.94 and a 1-year high of $74.06. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.12 and a quick ratio of 0.90. The company has a market capitalization of $171.11 billion, a price-to-earnings ratio of 8.39, a PEG ratio of 1.64 and a beta of 0.72. The business has a 50 day simple moving average of $68.36 and a two-hundred day simple moving average of $67.05.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $2.16 earnings per share for the quarter, missing the consensus estimate of $2.43 by ($0.27). TotalEnergies had a return on equity of 19.61% and a net margin of 9.19%. The business had revenue of $54.77 billion during the quarter, compared to the consensus estimate of $55.14 billion. During the same quarter in the previous year, the company earned $2.97 earnings per share. Research analysts anticipate that TotalEnergies SE will post 9.32 EPS for the current fiscal year.

TotalEnergies 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.