TotalEnergies SE (NYSE:TTE – Get Free Report) announced 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 of this dividend is Tuesday, September 24th. This is a boost 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 payout ratio of 39.1% meaning its dividend is sufficiently covered by earnings. Research 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
NYSE:TTE traded down $0.05 on Friday, reaching $69.09. The stock had a trading volume of 1,334,495 shares, compared to its average volume of 1,424,078. The company has a market capitalization 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. TotalEnergies has a 1-year low of $62.28 and a 1-year high of $74.97. The company has a quick ratio of 0.87, a current ratio of 1.11 and a debt-to-equity ratio of 0.35. The stock has a fifty day moving average price of $67.90 and a 200-day moving average price of $69.38.
TotalEnergies (NYSE:TTE – Get Free Report) last announced its earnings results on Thursday, July 25th. The company reported $1.98 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.13). The business had revenue of $53.74 billion during the quarter, compared to analyst estimates of $60.45 billion. TotalEnergies had a return on equity of 17.92% and a net margin of 9.49%. During the same period in the previous year, the firm earned $1.99 earnings per share. Research analysts forecast that TotalEnergies will post 8.65 EPS for the current year.
Analysts Set New Price Targets
TTE has been the topic of several research reports. Scotiabank reduced their price target on shares of TotalEnergies from $86.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. Wolfe Research started coverage on shares of TotalEnergies in a research report on Thursday, July 18th. They set 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.