TotalEnergies SE (NYSE:TTE) Declares Dividend Increase – $0.87 Per Share

TotalEnergies SE (NYSE:TTE) 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.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Thursday, July 25th. The company reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.11 by ($0.13). The company had revenue of $53.74 billion during the quarter, compared to the consensus estimate of $60.45 billion. TotalEnergies had a net margin of 9.49% and a return on equity of 17.92%. During the same quarter in the prior year, the company posted $1.99 earnings per share. As a group, research analysts expect that TotalEnergies will post 8.65 EPS for the current fiscal year.

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.