TotalEnergies SE (NYSE:TTE) Shares Sold by Barry Investment Advisors LLC

Barry Investment Advisors LLC trimmed its stake in shares of TotalEnergies SE (NYSE:TTE) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,941 shares of the company’s stock after selling 1,180 shares during the period. TotalEnergies comprises about 1.1% of Barry Investment Advisors LLC’s holdings, making the stock its 28th biggest holding. Barry Investment Advisors LLC’s holdings in TotalEnergies were worth $3,430,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of TTE. Franklin Resources Inc. increased its stake in shares of TotalEnergies by 62.7% during the 3rd quarter. Franklin Resources Inc. now owns 4,012,961 shares of the company’s stock worth $273,323,000 after purchasing an additional 1,546,866 shares during the last quarter. Barclays PLC increased its stake in shares of TotalEnergies by 266.5% during the 3rd quarter. Barclays PLC now owns 674,154 shares of the company’s stock worth $43,564,000 after purchasing an additional 490,187 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of TotalEnergies by 6,367.4% during the 3rd quarter. International Assets Investment Management LLC now owns 367,607 shares of the company’s stock worth $23,755,000 after purchasing an additional 361,923 shares during the last quarter. FMR LLC increased its stake in shares of TotalEnergies by 2.7% during the 3rd quarter. FMR LLC now owns 12,445,228 shares of the company’s stock worth $804,211,000 after purchasing an additional 324,033 shares during the last quarter. Finally, DRW Securities LLC increased its stake in shares of TotalEnergies by 134.5% during the 3rd quarter. DRW Securities LLC now owns 64,209 shares of the company’s stock worth $4,149,000 after purchasing an additional 250,427 shares during the last quarter. Hedge funds and other institutional investors own 16.53% of the company’s stock.

TotalEnergies Stock Down 1.1 %

Shares of NYSE:TTE opened at $58.27 on Wednesday. TotalEnergies SE has a one year low of $53.29 and a one year high of $74.97. The company has a 50 day moving average of $56.76 and a 200-day moving average of $63.04. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. The stock has a market cap of $137.59 billion, a price-to-earnings ratio of 8.26, a P/E/G ratio of 2.01 and a beta of 0.61.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.10). The firm had revenue of $52.02 billion for the quarter, compared to analyst estimates of $57.03 billion. TotalEnergies had a net margin of 7.78% and a return on equity of 15.93%. During the same quarter in the prior year, the firm posted $2.63 EPS. On average, sell-side analysts forecast that TotalEnergies SE will post 7.77 earnings per share for the current year.

TotalEnergies Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, January 21st. Shareholders 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 currently 34.04%.

Analyst Upgrades and Downgrades

TTE has been the topic of a number of research analyst reports. Morgan Stanley reiterated an “equal weight” rating and issued a $64.10 target price (down from $70.40) on shares of TotalEnergies in a research note on Tuesday, January 7th. Piper Sandler lowered their target price on shares of TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Scotiabank lowered their target price on shares of TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. Finally, The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.