TotalEnergies SE (NYSE:TTE) to Issue Quarterly Dividend of $0.54

TotalEnergies SE (NYSE:TTE – Get Rating) declared a quarterly dividend on Wednesday, February 22nd, Zacks reports. Stockholders of record on Tuesday, March 21st will be given a dividend of 0.543 per share on Friday, April 14th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date is Monday, March 20th. This is a boost from TotalEnergies’s previous quarterly dividend of $0.53.

TotalEnergies Stock Down 1.4 %

TotalEnergies stock opened at $56.76 on Friday. The company has a market capitalization of $140.87 billion, a P/E ratio of 7.25, a P/E/G ratio of 0.53 and a beta of 0.79. The company has a quick ratio of 0.94, a current ratio of 1.15 and a debt-to-equity ratio of 0.40. The firm has a 50 day moving average price of $62.32 and a 200-day moving average price of $57.80. TotalEnergies has a twelve month low of $44.61 and a twelve month high of $65.05.

TotalEnergies (NYSE:TTE – Get Rating) last announced its quarterly earnings results on Wednesday, February 8th. The company reported $2.97 EPS for the quarter, beating analysts’ consensus estimates of $2.93 by $0.04. The company had revenue of $63.88 billion for the quarter. TotalEnergies had a net margin of 7.47% and a return on equity of 30.48%. As a group, equities analysts predict that TotalEnergies will post 11.61 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on TTE. Deutsche Bank Aktiengesellschaft upped their price target on shares of TotalEnergies from €54.90 ($59.03) to €60.00 ($64.52) in a research note on Wednesday, December 7th. Wolfe Research upgraded shares of TotalEnergies from a “peer perform” rating to an “outperform” rating and set a $72.00 price target on the stock in a research note on Thursday, January 12th. The Goldman Sachs Group cut shares of TotalEnergies from a “buy” rating to a “neutral” rating in a research note on Monday, January 9th. Piper Sandler lowered their target price on shares of TotalEnergies from $66.00 to $61.00 and set a “neutral” rating on the stock in a research note on Monday, December 19th. Finally, JPMorgan Chase & Co. increased their target price on shares of TotalEnergies from €68.00 ($73.12) to €73.00 ($78.49) and gave the stock an “overweight” rating in a research note on Thursday, January 19th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, TotalEnergies presently has an average rating of “Moderate Buy” and a consensus price target of $63.27.

Hedge Funds Weigh In On TotalEnergies

A number of institutional investors have recently made changes to their positions in the stock. Pathstone Family Office LLC increased its holdings in shares of TotalEnergies by 2.1% in the 4th quarter. Pathstone Family Office LLC now owns 9,596 shares of the company’s stock worth $537,000 after buying an additional 201 shares during the last quarter. Principal Street Partners LLC increased its holdings in shares of TotalEnergies by 5.3% in the 4th quarter. Principal Street Partners LLC now owns 5,135 shares of the company’s stock worth $323,000 after buying an additional 260 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of TotalEnergies by 2.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 11,472 shares of the company’s stock worth $712,000 after buying an additional 280 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in shares of TotalEnergies by 3.7% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 7,989 shares of the company’s stock worth $373,000 after buying an additional 286 shares during the last quarter. Finally, Equitable Holdings Inc. increased its holdings in shares of TotalEnergies by 2.4% in the 1st quarter. Equitable Holdings Inc. now owns 12,585 shares of the company’s stock worth $636,000 after buying an additional 300 shares during the last quarter. Institutional investors own 6.63% of the company’s stock.

TotalEnergies Company Profile

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TotalEnergies SE engages in the exploration and production of fuels, natural gas and low carbon electricity. It operates through the following business segments: Exploration & Production; Integrated Gas, Renewables & Power; Refining & Chemicals and Marketing & Services. The Exploration & Production segment encompasses oil and natural gas exploration and production activities.