Jennison Associates LLC Purchases 38,897 Shares of TotalEnergies SE Sponsored ADR $TTE

Jennison Associates LLC increased its position in TotalEnergies SE Sponsored ADR (NYSE:TTE) by 10.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 411,282 shares of the company’s stock after purchasing an additional 38,897 shares during the quarter. Jennison Associates LLC’s holdings in TotalEnergies were worth $37,418,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TTE. MGO One Seven LLC boosted its holdings in shares of TotalEnergies by 1.3% during the 4th quarter. MGO One Seven LLC now owns 10,410 shares of the company’s stock worth $681,000 after buying an additional 137 shares during the period. Clear Creek Financial Management LLC increased its position in TotalEnergies by 2.4% during the 4th quarter. Clear Creek Financial Management LLC now owns 6,334 shares of the company’s stock worth $414,000 after buying an additional 150 shares during the period. World Investment Advisors lifted its holdings in shares of TotalEnergies by 2.0% during the first quarter. World Investment Advisors now owns 8,448 shares of the company’s stock worth $771,000 after buying an additional 165 shares in the last quarter. Sigma Planning Corp lifted its holdings in shares of TotalEnergies by 2.3% during the first quarter. Sigma Planning Corp now owns 7,577 shares of the company’s stock worth $690,000 after buying an additional 169 shares in the last quarter. Finally, Bruce G. Allen Investments LLC boosted its position in shares of TotalEnergies by 4.4% in the fourth quarter. Bruce G. Allen Investments LLC now owns 4,091 shares of the company’s stock valued at $268,000 after acquiring an additional 172 shares during the period. 16.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on TTE shares. TD Cowen restated a “buy” rating on shares of TotalEnergies in a research note on Monday, April 20th. Wall Street Zen downgraded shares of TotalEnergies from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Morgan Stanley restated an “overweight” rating on shares of TotalEnergies in a research report on Tuesday, May 12th. BNP Paribas Exane raised shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th. Finally, Weiss Ratings upgraded shares of TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Eleven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.00.

TotalEnergies Stock Down 0.4%

TTE stock opened at $81.04 on Tuesday. TotalEnergies SE Sponsored ADR has a 52 week low of $57.39 and a 52 week high of $94.17. The business has a 50-day simple moving average of $84.51 and a 200 day simple moving average of $81.70. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.41. The company has a market cap of $194.31 billion, a PE ratio of 12.01, a price-to-earnings-growth ratio of 2.90 and a beta of 0.14.

TotalEnergies (NYSE:TTE) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. The firm had revenue of $49.52 billion for the quarter, compared to the consensus estimate of $44.58 billion. Sell-side analysts anticipate that TotalEnergies SE Sponsored ADR will post 10.56 EPS for the current fiscal year.

TotalEnergies Company Profile

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.