TotalEnergies SE Sponsored ADR (NYSE:TTE) Plans €0.85 Quarterly Dividend

TotalEnergies SE Sponsored ADR (NYSE:TTE) announced a quarterly dividend on Thursday, February 8th. Stockholders of record on Wednesday, July 1st will be paid a dividend of 0.85 per share on Thursday, July 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Wednesday, July 1st.

TotalEnergies has decreased its dividend by an average of 0.1%per year over the last three years. TotalEnergies has a payout ratio of 9.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect TotalEnergies to earn $9.80 per share next year, which means the company should continue to be able to cover its $0.73 annual dividend with an expected future payout ratio of 7.4%.

TotalEnergies Trading Down 0.0%

NYSE:TTE opened at $76.76 on Monday. The company has a quick ratio of 0.85, a current ratio of 1.08 and a debt-to-equity ratio of 0.41. TotalEnergies has a 1-year low of $57.39 and a 1-year high of $94.17. The firm has a market capitalization of $184.05 billion, a price-to-earnings ratio of 11.37, a price-to-earnings-growth ratio of 2.60 and a beta of 0.12. The stock has a fifty day simple moving average of $88.15 and a 200 day simple moving average of $80.22.

TotalEnergies (NYSE:TTE) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%.The firm had revenue of $49.52 billion for the quarter, compared to analysts’ expectations of $44.58 billion. Sell-side analysts forecast that TotalEnergies will post 11.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on TTE shares. JPMorgan Chase & Co. upgraded shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a report on Monday, March 2nd. Piper Sandler raised their price objective on shares of TotalEnergies from $74.00 to $92.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Zacks Research cut shares of TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Morgan Stanley reissued an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, May 12th. Finally, BNP Paribas Exane raised shares of TotalEnergies from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. Ten analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.33.

TotalEnergies Company Profile

TotalEnergies SE (NYSE: TTE) is a French multinational integrated energy company engaged across the full energy value chain. Founded in 1924 as Compagnie Française des Pétroles, the company grew through a series of mergers and expansions—most notably with Petrofina and Elf Aquitaine around the turn of the millennium—and rebranded to TotalEnergies in 2021 to reflect a broader focus on multiple energy sources. It is organized to operate across upstream and downstream activities while pursuing a transition toward lower-carbon energy solutions.

In upstream, TotalEnergies explores for and produces crude oil and natural gas globally.