TotalEnergies SE (NYSE:TTE) Shares Purchased by Jennison Associates LLC

Jennison Associates LLC lifted its position in TotalEnergies SE (NYSE:TTE) by 21.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 476,708 shares of the company’s stock after acquiring an additional 83,148 shares during the period. Jennison Associates LLC’s holdings in TotalEnergies were worth $32,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Key Financial Inc boosted its stake in shares of TotalEnergies by 139.0% in the fourth quarter. Key Financial Inc now owns 380 shares of the company’s stock worth $26,000 after acquiring an additional 221 shares during the last quarter. Motco boosted its stake in TotalEnergies by 216.2% during the third quarter. Motco now owns 468 shares of the company’s stock worth $31,000 after buying an additional 320 shares during the last quarter. Arlington Trust Co LLC acquired a new position in TotalEnergies during the third quarter worth $31,000. SRS Capital Advisors Inc. acquired a new position in TotalEnergies during the third quarter worth $36,000. Finally, BKM Wealth Management LLC acquired a new position in TotalEnergies during the fourth quarter worth $38,000. 13.22% of the stock is owned by institutional investors and hedge funds.

TotalEnergies Price Performance

NYSE:TTE opened at $72.76 on Thursday. TotalEnergies SE has a 52 week low of $54.94 and a 52 week high of $74.06. The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $171.11 billion, a P/E ratio of 8.39, a P/E/G ratio of 1.64 and a beta of 0.72. The stock’s fifty day moving average is $68.36 and its two-hundred day moving average is $67.05.

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

Analysts Set New Price Targets

TTE has been the topic of a number of recent research reports. Piper Sandler boosted their price objective on TotalEnergies from $75.00 to $79.00 and gave the stock a “neutral” rating in a research note on Thursday, April 18th. Scotiabank boosted their price objective on TotalEnergies from $74.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $70.75.

Insider Activity at TotalEnergies

In other news, Director Se Totalenergies acquired 196,964 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The shares were purchased at an average price of $22.86 per share, for a total transaction of $4,502,597.04. Following the acquisition, the director now owns 295,235 shares of the company’s stock, valued at $6,749,072.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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.