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

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

TotalEnergies has decreased its dividend payment by an average of 6.4% per year over the last three years. TotalEnergies has a dividend payout ratio of 40.6% indicating that its dividend is sufficiently covered by earnings. Research 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. 1,394,580 shares of the company were exchanged, compared to its average volume of 1,557,537. TotalEnergies has a 52 week low of $53.29 and a 52 week high of $74.97. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.39. The stock has a 50-day moving average price of $59.11 and a 200 day moving average price of $64.70. The stock has a market cap 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.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. BNP Paribas downgraded TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. TD Cowen cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. The Goldman Sachs Group upgraded shares of TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. UBS Group upgraded TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, Piper Sandler lowered their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Five research 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. According to MarketBeat.com, TotalEnergies presently has an average rating of “Moderate Buy” and a consensus 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.