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

Barry Investment Advisors LLC acquired a new stake in TotalEnergies SE Sponsored ADR (NYSE:TTE) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 63,158 shares of the company’s stock, valued at approximately $5,746,000. TotalEnergies makes up approximately 1.3% of Barry Investment Advisors LLC’s holdings, making the stock its 20th biggest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. YANKCOM Partnership raised its position in TotalEnergies by 146.8% in the fourth quarter. YANKCOM Partnership now owns 390 shares of the company’s stock worth $25,000 after purchasing an additional 232 shares in the last quarter. Maseco LLP lifted its stake in TotalEnergies by 119.9% during the first quarter. Maseco LLP now owns 420 shares of the company’s stock worth $38,000 after purchasing an additional 229 shares during the period. MH & Associates Securities Management Corp ADV acquired a new stake in TotalEnergies during the fourth quarter valued at approximately $29,000. Lodestone Wealth Management LLC acquired a new stake in TotalEnergies during the fourth quarter valued at approximately $32,000. Finally, Elyxium Wealth LLC bought a new stake in shares of TotalEnergies in the 4th quarter valued at approximately $33,000. 16.53% of the stock is owned by institutional investors.

TotalEnergies Stock Performance

Shares of TotalEnergies stock opened at $76.76 on Monday. The firm has a 50 day simple moving average of $88.15 and a 200 day simple moving average of $80.22. TotalEnergies SE Sponsored ADR has a fifty-two week low of $57.39 and a fifty-two week high of $94.17. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.85. The firm has a market cap of $184.05 billion, a P/E ratio of 11.37, a P/E/G ratio of 2.60 and a beta of 0.12.

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

Analysts Set New Price Targets

TTE has been the subject of several analyst reports. Wall Street Zen upgraded TotalEnergies from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. JPMorgan Chase & Co. upgraded TotalEnergies from a “neutral” rating to an “overweight” rating in a research report on Monday, March 2nd. Piper Sandler increased their price objective on TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Morgan Stanley reissued an “overweight” rating on shares of TotalEnergies in a report on Tuesday, May 12th. Finally, CICC Research began coverage on shares of TotalEnergies in a report on Tuesday, June 23rd. They issued an “outperform” rating on the stock. Ten research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, TotalEnergies 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.