TotalEnergies SE (NYSE:TTE) to Issue Dividend of $0.83

TotalEnergies SE (NYSE:TTE) announced 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 is Tuesday, December 31st.

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 40.6% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

NYSE TTE opened at $54.52 on Friday. The firm has a market capitalization of $128.75 billion, a P/E ratio of 7.73, a price-to-earnings-growth ratio of 1.93 and a beta of 0.61. 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 firm’s fifty day moving average price is $59.11 and its two-hundred day moving average price is $64.70. TotalEnergies has a 1 year low of $53.29 and a 1 year high of $74.97.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on TTE shares. UBS Group raised shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 9th. Barclays raised TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada raised TotalEnergies from a “sector perform” rating to an “outperform” rating in a report on Thursday, December 5th. TD Cowen downgraded TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Finally, The Goldman Sachs Group raised shares of TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Five research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.