TotalEnergies SE (NYSE:TTE) Declares None Dividend of $0.77

TotalEnergies SE (NYSE:TTEGet Rating) announced a None dividend on Monday, November 21st, Zacks reports. Stockholders of record on Monday, December 5th will be paid a dividend of 0.767 per share on Wednesday, December 28th. The ex-dividend date of this dividend is Friday, December 2nd.

TotalEnergies Trading Down 0.8 %

Shares of NYSE:TTE opened at $59.57 on Wednesday. The company has a market cap of $155.27 billion, a P/E ratio of 6.87, a P/E/G ratio of 0.46 and a beta of 0.80. The stock’s 50-day moving average is $52.59 and its 200-day moving average is $52.72. TotalEnergies has a 52-week low of $44.61 and a 52-week high of $61.15. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.02 and a current ratio of 1.18.

TotalEnergies (NYSE:TTEGet Rating) last released its earnings results on Thursday, October 27th. The company reported $3.83 earnings per share for the quarter, missing analysts’ consensus estimates of $3.91 by ($0.08). TotalEnergies had a return on equity of 29.83% and a net margin of 8.67%. The firm had revenue of $69.04 billion for the quarter. Equities research analysts predict that TotalEnergies will post 14.41 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of TTE. Acadian Asset Management LLC bought a new position in TotalEnergies in the 1st quarter worth approximately $98,000. Panagora Asset Management Inc. bought a new position in TotalEnergies in the 1st quarter worth approximately $339,000. BlackRock Inc. raised its position in TotalEnergies by 6.8% in the 1st quarter. BlackRock Inc. now owns 809,130 shares of the company’s stock worth $40,893,000 after purchasing an additional 51,468 shares during the last quarter. Sei Investments Co. raised its position in TotalEnergies by 2.8% in the 1st quarter. Sei Investments Co. now owns 438,146 shares of the company’s stock worth $22,140,000 after purchasing an additional 11,884 shares during the last quarter. Finally, Cetera Investment Advisers raised its position in TotalEnergies by 18.3% in the 1st quarter. Cetera Investment Advisers now owns 70,526 shares of the company’s stock worth $3,564,000 after purchasing an additional 10,931 shares during the last quarter. Institutional investors own 7.11% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on TTE. Cowen decreased their target price on TotalEnergies from $58.00 to $56.00 and set a “market perform” rating on the stock in a research report on Friday, September 30th. Morgan Stanley lifted their target price on TotalEnergies from €58.00 ($59.18) to €65.00 ($66.33) in a research report on Tuesday, November 8th. Piper Sandler lifted their target price on TotalEnergies from $58.00 to $66.00 and gave the stock a “neutral” rating in a research report on Friday, November 11th. JPMorgan Chase & Co. lifted their price objective on TotalEnergies from €62.00 ($63.27) to €66.00 ($67.35) in a report on Thursday, October 13th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on TotalEnergies from €51.30 ($52.35) to €54.90 ($56.02) in a report on Tuesday, November 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $62.74.

TotalEnergies Company Profile

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TotalEnergies SE operates as an integrated oil and gas company worldwide. The company operates through four segments: Integrated Gas, Renewables & Power; Exploration & Production; Refining & Chemicals; and Marketing & Services. The Integrated Gas, Renewables & Power segment engages in the liquefied natural gas production, shipping, trading, and regasification activities; trading of liquefied petroleum gas (LPG), petcoke and sulfur, natural gas, and electricity; transportation of natural gas; electricity production from natural gas, wind, solar, hydroelectric, and biogas sources; energy storage activities; and development and operation of biomethane production units, as well as provides energy efficiency services.

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Dividend History for TotalEnergies (NYSE:TTE)

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