Timber Creek Capital Management LLC Has $5.88 Million Stake in TotalEnergies SE (NYSE:TTE)

Timber Creek Capital Management LLC grew its holdings in shares of TotalEnergies SE (NYSE:TTE) by 1.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 107,821 shares of the company’s stock after purchasing an additional 1,200 shares during the quarter. TotalEnergies makes up 1.7% of Timber Creek Capital Management LLC’s investment portfolio, making the stock its 21st largest holding. Timber Creek Capital Management LLC’s holdings in TotalEnergies were worth $5,876,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Venturi Wealth Management LLC increased its holdings in shares of TotalEnergies by 0.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 27,751 shares of the company’s stock worth $1,793,000 after buying an additional 165 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in TotalEnergies by 1.0% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 16,795 shares of the company’s stock worth $1,085,000 after purchasing an additional 169 shares in the last quarter. Tradition Wealth Management LLC boosted its position in shares of TotalEnergies by 2.5% during the third quarter. Tradition Wealth Management LLC now owns 7,124 shares of the company’s stock valued at $460,000 after purchasing an additional 171 shares in the last quarter. Apollon Wealth Management LLC grew its holdings in TotalEnergies by 4.1% in the fourth quarter. Apollon Wealth Management LLC now owns 4,448 shares of the company’s stock worth $242,000 after purchasing an additional 174 shares during the period. Finally, Lake Street Advisors Group LLC increased its holdings in shares of TotalEnergies by 2.2% during the third quarter. Lake Street Advisors Group LLC now owns 8,595 shares of the company’s stock valued at $563,000 after acquiring an additional 181 shares in the last quarter. 16.53% of the stock is owned by institutional investors.

TotalEnergies Stock Up 0.7 %

Shares of TTE opened at $61.81 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The business has a fifty day moving average of $57.44 and a 200 day moving average of $62.21. The company has a market cap of $145.96 billion, a PE ratio of 9.28, a P/E/G ratio of 0.98 and a beta of 0.61. TotalEnergies SE has a 52-week low of $53.29 and a 52-week high of $74.97.

TotalEnergies (NYSE:TTE) last released its earnings results on Wednesday, February 5th. The company reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.16. TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. On average, sell-side analysts expect that TotalEnergies SE will post 8.02 EPS for the current year.

TotalEnergies Cuts Dividend

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

Wall Street Analyst Weigh In

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

TotalEnergies Company 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.