Barry Investment Advisors LLC Buys Shares of 63,158 TotalEnergies SE Sponsored ADR $TTE

Barry Investment Advisors LLC purchased a new position in TotalEnergies SE Sponsored ADR (NYSE:TTE) during the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 63,158 shares of the company’s stock, valued at approximately $5,746,000. TotalEnergies accounts for about 1.3% of Barry Investment Advisors LLC’s portfolio, making the stock its 20th largest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Aberdeen Group plc boosted its stake in TotalEnergies by 14.5% during the 4th quarter. Aberdeen Group plc now owns 384,040 shares of the company’s stock worth $25,124,000 after acquiring an additional 48,640 shares during the last quarter. ABN AMRO Bank N.V. acquired a new position in TotalEnergies during the fourth quarter valued at approximately $122,831,000. Assetmark Inc. grew its holdings in TotalEnergies by 8.1% during the fourth quarter. Assetmark Inc. now owns 246,475 shares of the company’s stock valued at $16,124,000 after purchasing an additional 18,480 shares during the period. Vanguard Group Inc. bought a new stake in TotalEnergies in the fourth quarter valued at approximately $5,337,330,000. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new stake in TotalEnergies in the fourth quarter valued at approximately $830,000. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Down 0.0%

Shares of TTE stock opened at $76.76 on Monday. TotalEnergies SE Sponsored ADR has a 12-month low of $57.39 and a 12-month high of $94.17. 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 firm has a fifty day moving average of $88.15 and a 200-day moving average of $80.22. The company has a market capitalization of $184.05 billion, a price-to-earnings ratio of 11.37, a P/E/G ratio of 2.60 and a beta of 0.12.

TotalEnergies (NYSE:TTE) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.22 by $0.23. The business had revenue of $49.52 billion for the quarter, compared to analysts’ expectations of $44.58 billion. TotalEnergies had a net margin of 7.43% and a return on equity of 14.01%. As a group, equities research analysts predict that TotalEnergies SE Sponsored ADR will post 11.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TTE. CICC Research assumed coverage on shares of TotalEnergies in a research report on Tuesday, June 23rd. They set an “outperform” rating on the stock. BNP Paribas Exane upgraded shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research report on Friday, April 17th. Scotiabank raised their price objective on TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Piper Sandler boosted their target price on TotalEnergies from $74.00 to $92.00 and gave the company a “neutral” rating in a research note on Thursday, March 12th. Finally, JPMorgan Chase & Co. upgraded TotalEnergies from a “neutral” rating to an “overweight” rating in a report on Monday, March 2nd. Ten research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $84.33.

About TotalEnergies

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.