Timber Creek Capital Management LLC Sells 269 Shares of TotalEnergies SE (NYSE:TTE)

Timber Creek Capital Management LLC trimmed its stake in TotalEnergies SE (NYSE:TTE) by 0.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 104,942 shares of the company’s stock after selling 269 shares during the quarter. TotalEnergies comprises 2.1% of Timber Creek Capital Management LLC’s investment portfolio, making the stock its 15th largest position. Timber Creek Capital Management LLC’s holdings in TotalEnergies were worth $6,998,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Key Financial Inc raised its holdings in TotalEnergies by 139.0% in the fourth quarter. Key Financial Inc now owns 380 shares of the company’s stock worth $26,000 after purchasing an additional 221 shares in the last quarter. North Star Investment Management Corp. raised its stake in shares of TotalEnergies by 310.0% during the 1st quarter. North Star Investment Management Corp. now owns 410 shares of the company’s stock worth $28,000 after acquiring an additional 310 shares in the last quarter. Evolution Advisers Inc. purchased a new stake in TotalEnergies during the fourth quarter valued at approximately $29,000. Pathway Financial Advisers LLC acquired a new stake in TotalEnergies in the first quarter valued at approximately $29,000. Finally, Frazier Financial Advisors LLC purchased a new position in TotalEnergies in the fourth quarter worth $30,000. 13.22% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on TTE shares. Wolfe Research started coverage on TotalEnergies in a report on Thursday, July 18th. They set an “outperform” rating and a $87.00 price objective for the company. Scotiabank reduced their target price on TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $76.00.

TotalEnergies Stock Performance

TotalEnergies stock traded up $0.28 during mid-day trading on Friday, reaching $68.65. 653,004 shares of the company traded hands, compared to its average volume of 1,057,876. The firm’s fifty day moving average is $67.78 and its two-hundred day moving average is $68.68. The company has a market capitalization of $162.11 billion, a price-to-earnings ratio of 7.75, a price-to-earnings-growth ratio of 1.75 and a beta of 0.64. TotalEnergies SE has a fifty-two week low of $61.00 and a fifty-two week high of $74.97. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.11 and a quick ratio of 0.87.

TotalEnergies (NYSE:TTE) last released its earnings results on Thursday, July 25th. The company reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by ($0.13). TotalEnergies had a net margin of 9.49% and a return on equity of 17.92%. The firm had revenue of $53.74 billion during the quarter, compared to analyst estimates of $60.45 billion. During the same period in the previous year, the company earned $1.99 earnings per share. On average, equities research analysts expect that TotalEnergies SE will post 8.84 earnings per share for the current fiscal year.

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.