TotalEnergies SE (NYSE:TTE) Announces Dividend of $0.87

TotalEnergies SE (NYSE:TTE) declared a dividend on Thursday, April 25th, NASDAQ reports. Stockholders of record on Tuesday, September 24th will be paid a dividend of 0.8739 per share on Friday, October 11th. The ex-dividend date is Tuesday, September 24th. This is a boost from TotalEnergies’s previous dividend of $0.86.

TotalEnergies has decreased its dividend by an average of 6.4% per year over the last three years. TotalEnergies has a dividend payout ratio of 39.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect TotalEnergies to earn $9.10 per share next year, which means the company should continue to be able to cover its $3.50 annual dividend with an expected future payout ratio of 38.5%.

TotalEnergies Trading Down 0.1 %

Shares of TTE stock opened at $69.09 on Friday. The business’s 50 day moving average is $67.90 and its two-hundred day moving average is $69.35. The company has a quick ratio of 0.87, a current ratio of 1.11 and a debt-to-equity ratio of 0.35. TotalEnergies has a 12 month low of $62.28 and a 12 month high of $74.97. The company has a market cap of $163.15 billion, a PE ratio of 7.80, a price-to-earnings-growth ratio of 1.78 and a beta of 0.64.

TotalEnergies (NYSE:TTE) last released 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). The firm had revenue of $53.74 billion for the quarter, compared to analyst estimates of $60.45 billion. TotalEnergies had a return on equity of 17.92% and a net margin of 9.49%. During the same period in the prior year, the firm earned $1.99 EPS. Equities analysts predict that TotalEnergies will post 8.65 EPS for the current year.

Wall Street Analyst Weigh In

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

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.