TotalEnergies SE (NYSE:TTE – Get Free Report) declared a dividend on Thursday, April 25th, NASDAQ reports. Stockholders of record on Tuesday, September 24th will be paid a dividend of 0.8739 per share on Friday, October 11th. The ex-dividend date is Tuesday, September 24th. This is a positive change from TotalEnergies’s previous dividend of $0.86.
TotalEnergies has decreased its dividend payment by an average of 6.4% annually over the last three years. TotalEnergies has a dividend payout ratio of 39.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect TotalEnergies to earn $9.10 per share next year, which means the company should continue to be able to cover its $3.50 annual dividend with an expected future payout ratio of 38.5%.
TotalEnergies Price Performance
Shares of TotalEnergies stock opened at $69.09 on Friday. The firm has a market cap of $163.15 billion, a P/E ratio of 7.80, a price-to-earnings-growth ratio of 1.78 and a beta of 0.64. The firm’s 50-day simple moving average is $67.90 and its 200-day simple moving average is $69.35. TotalEnergies has a twelve month low of $62.28 and a twelve month high of $74.97. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.87 and a current ratio of 1.11.
Wall Street Analyst Weigh In
Several research firms have issued reports on TTE. Scotiabank dropped their price objective on TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. Wolfe Research began coverage on shares of TotalEnergies in a report on Thursday, July 18th. They issued an “outperform” rating and a $87.00 target price on the stock.
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.
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