Jennison Associates LLC increased its position in TotalEnergies SE (NYSE:TTE - Free Report) by 21.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently made changes to their positions in TTE. Key Financial Inc boosted its holdings in shares of TotalEnergies by 139.0% during the 4th quarter. Key Financial Inc now owns 380 shares of the company's stock worth $26,000 after buying an additional 221 shares in the last quarter. Motco raised its position in TotalEnergies by 216.2% in the 3rd quarter. Motco now owns 468 shares of the company's stock valued at $31,000 after buying an additional 320 shares during the last quarter. Arlington Trust Co LLC purchased a new stake in TotalEnergies in the 3rd quarter valued at $31,000. SRS Capital Advisors Inc. purchased a new stake in TotalEnergies in the 3rd quarter valued at $36,000. Finally, BKM Wealth Management LLC purchased a new stake in TotalEnergies in the 4th quarter valued at $38,000. Institutional investors and hedge funds own 13.22% of the company's stock.
Insider Transactions at TotalEnergies
In related news, Director Se Totalenergies bought 196,964 shares of the business's stock in a transaction on Thursday, March 28th. The stock was acquired at an average price 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 in the company, valued at $6,749,072.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
TotalEnergies Stock Performance
Shares of TTE stock traded up $1.02 on Thursday, hitting $73.76. 1,390,413 shares of the stock were exchanged, compared to its average volume of 1,690,140. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $173.46 billion, a PE ratio of 8.51, a P/E/G ratio of 1.64 and a beta of 0.72. TotalEnergies SE has a one year low of $54.94 and a one year high of $74.06. The firm's 50 day moving average is $68.54 and its two-hundred day moving average is $67.09.
TotalEnergies (NYSE:TTE - Get Free Report) 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). The firm had revenue of $54.77 billion for the quarter, compared to the consensus estimate of $55.14 billion. TotalEnergies had a return on equity of 19.61% and a net margin of 9.19%. During the same quarter in the previous year, the company posted $2.97 EPS. Sell-side analysts expect that TotalEnergies SE will post 9.32 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
TTE has been the subject of several research analyst reports. Piper Sandler raised their target price on TotalEnergies from $75.00 to $79.00 and gave the company a "neutral" rating in a research report on Thursday, April 18th. Scotiabank raised their target price on TotalEnergies from $74.00 to $86.00 and gave the company a "sector perform" rating in a research report on Thursday, April 11th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, TotalEnergies currently has a consensus rating of "Hold" and an average target price of $70.75.
Get Our Latest Report on TTE
TotalEnergies Company Profile
(
Free Report)
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.
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