TotalEnergies SE (NYSE:TTE) to Issue Dividend Increase – $0.54 Per Share

TotalEnergies SE (NYSE:TTE – Get Rating) announced a quarterly dividend on Wednesday, February 22nd, Zacks reports. Shareholders of record on Tuesday, March 21st will be given a dividend of 0.543 per share on Friday, April 14th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date of this dividend is Monday, March 20th. This is a positive change from TotalEnergies’s previous quarterly dividend of $0.53.

TotalEnergies Stock Performance

NYSE TTE opened at $56.76 on Friday. The firm’s fifty day moving average price is $62.32 and its two-hundred day moving average price is $57.80. The stock has a market cap of $140.87 billion, a PE ratio of 7.25, a PEG ratio of 0.53 and a beta of 0.79. TotalEnergies has a fifty-two week low of $44.61 and a fifty-two week high of $65.05. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.94 and a current ratio of 1.15.

TotalEnergies (NYSE:TTE – Get Rating) last posted its earnings results on Wednesday, February 8th. The company reported $2.97 earnings per share for the quarter, topping analysts’ consensus estimates of $2.93 by $0.04. The firm had revenue of $63.88 billion for the quarter. TotalEnergies had a net margin of 7.47% and a return on equity of 30.48%. On average, equities analysts expect that TotalEnergies will post 11.61 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Piper Sandler decreased their target price on shares of TotalEnergies from $66.00 to $61.00 and set a “neutral” rating on the stock in a research note on Monday, December 19th. JPMorgan Chase & Co. lifted their price target on shares of TotalEnergies from €68.00 ($73.12) to €73.00 ($78.49) and gave the stock an “overweight” rating in a report on Thursday, January 19th. The Goldman Sachs Group lowered shares of TotalEnergies from a “buy” rating to a “neutral” rating in a report on Monday, January 9th. Wolfe Research upgraded shares of TotalEnergies from a “peer perform” rating to an “outperform” rating and set a $72.00 price target on the stock in a report on Thursday, January 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of TotalEnergies from €54.90 ($59.03) to €60.00 ($64.52) in a report on Wednesday, December 7th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $63.27.

Hedge Funds Weigh In On TotalEnergies

Hedge funds and other institutional investors have recently bought and sold shares of the company. Fortis Capital Advisors LLC acquired a new position in shares of TotalEnergies during the fourth quarter valued at about $32,000. Financial Freedom LLC acquired a new position in shares of TotalEnergies during the fourth quarter valued at about $45,000. ICA Group Wealth Management LLC acquired a new position in shares of TotalEnergies during the fourth quarter valued at about $53,000. First Manhattan Co. raised its holdings in shares of TotalEnergies by 65.1% during the fourth quarter. First Manhattan Co. now owns 1,030 shares of the company’s stock valued at $64,000 after purchasing an additional 406 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in shares of TotalEnergies during the first quarter valued at about $98,000. Institutional investors and hedge funds own 6.63% of the company’s stock.

TotalEnergies Company Profile

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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.