Jennison Associates LLC Acquires 19,822 Shares of TotalEnergies SE (NYSE:TTE)

Jennison Associates LLC boosted its stake in shares of TotalEnergies SE (NYSE:TTE) by 4.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 456,738 shares of the company’s stock after buying an additional 19,822 shares during the quarter. Jennison Associates LLC’s holdings in TotalEnergies were worth $29,514,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. EP Wealth Advisors LLC grew its position in shares of TotalEnergies by 63.8% during the 1st quarter. EP Wealth Advisors LLC now owns 8,757 shares of the company’s stock valued at $603,000 after acquiring an additional 3,411 shares during the period. Advisors Asset Management Inc. grew its holdings in TotalEnergies by 3.7% during the first quarter. Advisors Asset Management Inc. now owns 65,942 shares of the company’s stock valued at $4,539,000 after purchasing an additional 2,372 shares during the period. Toronto Dominion Bank increased its position in TotalEnergies by 17.5% in the first quarter. Toronto Dominion Bank now owns 3,444 shares of the company’s stock worth $237,000 after buying an additional 514 shares during the last quarter. Gabelli Funds LLC raised its stake in shares of TotalEnergies by 5.5% in the first quarter. Gabelli Funds LLC now owns 309,200 shares of the company’s stock valued at $21,282,000 after buying an additional 16,200 shares during the period. Finally, LRI Investments LLC purchased a new position in shares of TotalEnergies during the 1st quarter valued at $276,000. Institutional investors own 13.22% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TTE shares. Scotiabank decreased their price objective on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Barclays raised shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. The Goldman Sachs Group upgraded TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Finally, TD Cowen cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $78.75.

TotalEnergies Stock Down 0.9 %

Shares of NYSE TTE opened at $59.99 on Friday. The stock has a market capitalization of $141.65 billion, a P/E ratio of 8.51, a PEG ratio of 1.97 and a beta of 0.64. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. TotalEnergies SE has a one year low of $58.46 and a one year high of $74.97. The firm’s 50 day simple moving average is $64.98 and its two-hundred day simple moving average is $67.58.

TotalEnergies Company 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.