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

TotalEnergies SE (NYSE:TTE) announced a dividend on Monday, November 25th,NASDAQ Dividends reports. Shareholders of record on Tuesday, December 31st will be paid 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. 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 cap of $128.75 billion, a price-to-earnings ratio of 7.73, a price-to-earnings-growth ratio of 1.93 and a beta of 0.61. 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 business has a 50-day moving average price of $59.11 and a 200-day moving average price of $64.70. TotalEnergies has a twelve month low of $53.29 and a twelve month high of $74.97.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Piper Sandler dropped their price objective on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. Barclays raised TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 2nd. UBS Group raised TotalEnergies to a “strong-buy” rating in a research note on Wednesday, October 9th. Scotiabank dropped their price target on TotalEnergies from $80.00 to $75.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. Finally, The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a research note on Thursday, October 3rd. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $74.50.

About TotalEnergies

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.