TotalEnergies SE (NYSE:TTE) Shares Bought by Timber Creek Capital Management LLC

Timber Creek Capital Management LLC increased its holdings in shares of TotalEnergies SE (NYSE:TTE) by 1.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 107,821 shares of the company’s stock after acquiring an additional 1,200 shares during the period. TotalEnergies makes up about 1.7% of Timber Creek Capital Management LLC’s portfolio, making the stock its 21st largest holding. Timber Creek Capital Management LLC’s holdings in TotalEnergies were worth $5,876,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TTE. FSA Wealth Management LLC acquired a new position in shares of TotalEnergies during the 3rd quarter worth approximately $26,000. Continuum Advisory LLC grew its holdings in TotalEnergies by 70.4% in the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock valued at $27,000 after buying an additional 183 shares in the last quarter. Asset Planning Inc acquired a new stake in shares of TotalEnergies in the 4th quarter worth $31,000. Maryland Capital Advisors Inc. purchased a new position in shares of TotalEnergies during the 3rd quarter worth $32,000. Finally, Eastern Bank acquired a new position in shares of TotalEnergies during the 3rd quarter valued at about $32,000. Hedge funds and other institutional investors own 16.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TTE. Piper Sandler reduced 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. Morgan Stanley reiterated an “equal weight” rating and issued a $64.10 price objective (down from $70.40) on shares of TotalEnergies in a report on Tuesday, January 7th. Redburn Atlantic upgraded TotalEnergies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. 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 shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a 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 company. According to data from MarketBeat.com, TotalEnergies presently has an average rating of “Moderate Buy” and an average target price of $72.42.

TotalEnergies Stock Performance

TotalEnergies stock opened at $61.81 on Wednesday. TotalEnergies SE has a fifty-two week low of $53.29 and a fifty-two week high of $74.97. The stock has a fifty day moving average of $57.44 and a two-hundred day moving average of $62.21. The company has a market capitalization of $145.96 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 0.98 and a beta of 0.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.88 and a current ratio of 1.10.

TotalEnergies (NYSE:TTE) last announced its quarterly 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%. On average, analysts anticipate that TotalEnergies SE will post 8.02 EPS for the current fiscal year.

TotalEnergies Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.8308 per share. The ex-dividend date of this dividend was Tuesday, December 31st. TotalEnergies’s dividend payout ratio (DPR) is 36.04%.

TotalEnergies 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.