TotalEnergies SE (NYSE:TTE) Raises Dividend to $0.78 Per Share

TotalEnergies SE (NYSE:TTE) declared a dividend on Wednesday, September 15th, reports. Shareholders of record on Monday, September 20th will be paid a dividend of 0.7843 per share on Thursday, October 14th. This represents a yield of 7.02%. The ex-dividend date is Friday, September 17th. This is a boost from TotalEnergies’s previous dividend of $0.58.

Shares of TotalEnergies stock opened at $44.66 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 1.16 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $118.49 billion, a P/E ratio of 18.76, a P/E/G ratio of 0.41 and a beta of 0.97. The firm’s 50 day moving average is $43.79 and its two-hundred day moving average is $45.91. TotalEnergies has a 52 week low of $28.65 and a 52 week high of $50.41.

TotalEnergies (NYSE:TTE) last announced its earnings results on Thursday, July 29th. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.04. The business had revenue of $47.05 billion for the quarter. TotalEnergies had a net margin of 4.10% and a return on equity of 7.97%. As a group, research analysts expect that TotalEnergies will post 5.35 earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on TTE. Piper Sandler raised their target price on shares of TotalEnergies from $60.00 to $66.00 and gave the stock an “overweight” rating in a research report on Friday, July 23rd. They noted that the move was a valuation call. JPMorgan Chase & Co. restated an “overweight” rating on shares of TotalEnergies in a research report on Friday, July 30th. Zacks Investment Research lowered shares of TotalEnergies from a “buy” rating to a “hold” rating and set a $47.00 target price on the stock. in a research report on Tuesday. Kepler Capital Markets restated an “average” rating on shares of TotalEnergies in a research report on Friday, June 11th. Finally, HSBC reaffirmed a “buy” rating on shares of TotalEnergies in a report on Thursday, July 22nd. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $55.50.

TotalEnergies Company Profile

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.

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Dividend History for TotalEnergies (NYSE:TTE)

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