Daymark Wealth Partners LLC Has $1.87 Million Stock Holdings in TotalEnergies SE (NYSE:TTE)

Daymark Wealth Partners LLC boosted its position in TotalEnergies SE (NYSE:TTE) by 19.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 28,016 shares of the company’s stock after purchasing an additional 4,600 shares during the period. Daymark Wealth Partners LLC’s holdings in TotalEnergies were worth $1,868,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. AQR Capital Management LLC raised its stake in TotalEnergies by 189.9% in the second quarter. AQR Capital Management LLC now owns 11,653 shares of the company’s stock valued at $777,000 after buying an additional 7,633 shares during the period. Fred Alger Management LLC increased its holdings in shares of TotalEnergies by 3.0% during the 2nd quarter. Fred Alger Management LLC now owns 69,542 shares of the company’s stock worth $4,637,000 after acquiring an additional 2,018 shares during the last quarter. Davidson Kempner Capital Management LP bought a new stake in TotalEnergies in the 2nd quarter valued at $1,830,000. Evergreen Capital Management LLC lifted its holdings in TotalEnergies by 2.6% during the 2nd quarter. Evergreen Capital Management LLC now owns 42,297 shares of the company’s stock valued at $2,856,000 after purchasing an additional 1,075 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in TotalEnergies by 6.5% during the second quarter. EverSource Wealth Advisors LLC now owns 3,211 shares of the company’s stock worth $218,000 after purchasing an additional 196 shares during the period. Institutional investors own 13.22% of the company’s stock.

TotalEnergies Stock Performance

TTE opened at $65.70 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.11 and a quick ratio of 0.87. The business has a fifty day simple moving average of $67.80 and a 200 day simple moving average of $69.41. TotalEnergies SE has a 1 year low of $62.28 and a 1 year high of $74.97. The company has a market capitalization of $155.13 billion, a PE ratio of 7.41, a price-to-earnings-growth ratio of 1.85 and a beta of 0.64.

TotalEnergies (NYSE:TTE) last posted its earnings results on Thursday, July 25th. The company reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.13). TotalEnergies had a return on equity of 17.92% and a net margin of 9.49%. The firm had revenue of $53.74 billion for the quarter, compared to analyst estimates of $60.45 billion. During the same period in the prior year, the business posted $1.99 EPS. Research analysts expect that TotalEnergies SE will post 8.42 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wolfe Research assumed coverage on shares of TotalEnergies in a research report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 price objective on the stock. Scotiabank decreased their price target on shares of TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th.

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.