TotalEnergies SE Announces Dividend of $0.83 (NYSE:TTE)

TotalEnergies SE (NYSE:TTE - Get Free Report) announced a dividend on Monday, November 25th,NASDAQ Dividends reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.8308 per share on Tuesday, January 21st. The ex-dividend date is Tuesday, December 31st.

TotalEnergies has decreased its dividend payment by an average of 6.4% annually over the last three years. TotalEnergies has a dividend payout ratio of 40.6% meaning its dividend is sufficiently covered by earnings. Analysts expect TotalEnergies to earn $8.17 per share next year, which means the company should continue to be able to cover its $3.32 annual dividend with an expected future payout ratio of 40.6%.

TotalEnergies Trading Up 0.3 %

NYSE:TTE traded up $0.14 during trading hours on Friday, hitting $54.52. The company had a trading volume of 1,394,580 shares, compared to its average volume of 1,557,537. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.10 and a quick ratio of 0.88. The stock has a 50-day moving average price of $59.11 and a 200 day moving average price of $64.67. The company has a market capitalization of $128.75 billion, a PE ratio of 7.73, a price-to-earnings-growth ratio of 1.93 and a beta of 0.61. TotalEnergies has a 52 week low of $53.29 and a 52 week high of $74.97.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Piper Sandler cut 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. UBS Group raised TotalEnergies to a "strong-buy" rating in a research report on Wednesday, October 9th. Royal Bank of Canada raised TotalEnergies from a "sector perform" rating to an "outperform" rating in a research report on Thursday, December 5th. The Goldman Sachs Group upgraded TotalEnergies to a "hold" rating in a research report on Thursday, October 3rd. Finally, BNP Paribas cut TotalEnergies from an "outperform" rating to a "neutral" rating in a research note on Wednesday, November 27th. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $74.50.

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.