Daymark Wealth Partners LLC Has $1.57 Million Stock Position in TotalEnergies SE (NYSE:TTE)

Daymark Wealth Partners LLC decreased its stake in shares of TotalEnergies SE (NYSE:TTE) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,800 shares of the company’s stock after selling 1,967 shares during the period. Daymark Wealth Partners LLC’s holdings in TotalEnergies were worth $1,570,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in TTE. FSA Wealth Management LLC bought a new position in shares of TotalEnergies in the third quarter valued at approximately $26,000. Continuum Advisory LLC boosted its holdings in shares of TotalEnergies by 70.4% in the 3rd quarter. Continuum Advisory LLC now owns 443 shares of the company’s stock worth $27,000 after buying an additional 183 shares during the last quarter. Boit C F David purchased a new position in shares of TotalEnergies in the 3rd quarter worth about $32,000. Maryland Capital Advisors Inc. purchased a new position in TotalEnergies in the third quarter valued at about $32,000. Finally, Eastern Bank bought a new position in shares of TotalEnergies during the 3rd quarter valued at approximately $32,000. Institutional investors own 16.53% of the company’s stock.

TotalEnergies Price Performance

Shares of NYSE:TTE opened at $58.09 on Thursday. TotalEnergies SE has a 12 month low of $53.29 and a 12 month high of $74.97. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39. The stock has a market cap of $137.18 billion, a P/E ratio of 8.24, a P/E/G ratio of 2.04 and a beta of 0.61. The company has a 50 day moving average of $56.93 and a 200 day moving average of $63.36.

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

TotalEnergies Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, January 21st. Shareholders of record on Tuesday, December 31st were issued a $0.8308 dividend. The ex-dividend date was Tuesday, December 31st. TotalEnergies’s payout ratio is currently 34.04%.

Analyst Ratings Changes

A number of research firms recently commented on TTE. BNP Paribas cut shares of TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. TD Cowen cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. Barclays raised shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada upgraded shares of TotalEnergies from a “sector perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, TotalEnergies currently has an average rating of “Moderate Buy” and a consensus target price of $72.42.

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.