Jennison Associates LLC Cuts Stock Position in TotalEnergies SE (NYSE:TTE)

Jennison Associates LLC decreased its position in TotalEnergies SE (NYSE:TTE - Free Report) by 40.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 273,445 shares of the company's stock after selling 183,293 shares during the period. Jennison Associates LLC's holdings in TotalEnergies were worth $14,903,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Resonant Capital Advisors LLC grew its stake in shares of TotalEnergies by 8.0% during the 4th quarter. Resonant Capital Advisors LLC now owns 4,235 shares of the company's stock worth $234,000 after acquiring an additional 312 shares during the period. FSM Wealth Advisors LLC boosted its position in TotalEnergies by 3.4% during the fourth quarter. FSM Wealth Advisors LLC now owns 5,635 shares of the company's stock worth $333,000 after purchasing an additional 187 shares during the period. HHM Wealth Advisors LLC increased its stake in shares of TotalEnergies by 156.3% in the fourth quarter. HHM Wealth Advisors LLC now owns 656 shares of the company's stock worth $36,000 after purchasing an additional 400 shares in the last quarter. U.S. Capital Wealth Advisors LLC bought a new stake in shares of TotalEnergies in the fourth quarter valued at approximately $249,000. Finally, DAVENPORT & Co LLC lifted its stake in shares of TotalEnergies by 11.8% during the 4th quarter. DAVENPORT & Co LLC now owns 119,240 shares of the company's stock valued at $6,499,000 after buying an additional 12,579 shares in the last quarter. 16.53% of the stock is owned by institutional investors.

TotalEnergies Price Performance

NYSE TTE traded down $0.06 on Friday, reaching $60.86. 1,385,026 shares of the company's stock traded hands, compared to its average volume of 1,805,322. The stock has a market cap of $143.71 billion, a PE ratio of 9.14, a P/E/G ratio of 2.12 and a beta of 0.61. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 0.88. TotalEnergies SE has a 12 month low of $53.29 and a 12 month high of $74.97. The stock has a 50-day simple moving average of $56.87 and a 200 day simple moving average of $62.56.

TotalEnergies (NYSE:TTE - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $1.90 earnings per share for the quarter, topping analysts' consensus estimates of $1.74 by $0.16. TotalEnergies had a net margin of 7.34% and a return on equity of 15.22%. As a group, research analysts predict that TotalEnergies SE will post 7.92 earnings per share for the current year.

TotalEnergies Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, January 21st. Investors of record on Tuesday, December 31st were paid a $0.8308 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies's payout ratio is 36.04%.

Wall Street Analyst Weigh In

TTE has been the subject of a number of recent analyst reports. Redburn Atlantic raised TotalEnergies from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Piper Sandler reduced their price target on shares of TotalEnergies from $77.00 to $62.00 and set a "neutral" rating for the company in a research report on Thursday, December 19th. Morgan Stanley restated an "equal weight" rating and set a $64.10 target price (down from $70.40) on shares of TotalEnergies in a research report on Tuesday, January 7th. BNP Paribas cut TotalEnergies from an "outperform" rating to a "neutral" rating in a report on Wednesday, November 27th. Finally, Royal Bank of Canada upgraded TotalEnergies from a "sector perform" rating to an "outperform" rating in a research report on Thursday, December 5th. Six equities research analysts have rated the stock with a hold rating, two have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $72.42.

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.