TotalEnergies SE (TTE) to Issue Dividend of $0.83 on January 21st

TotalEnergies SE (NYSE:TTEGet Free Report) announced a dividend on Monday, November 25th,NASDAQ Dividends reports. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.8308 per share on Tuesday, January 21st. The ex-dividend date is Tuesday, December 31st.

TotalEnergies has decreased its dividend by an average of 6.4% per year over the last three years. TotalEnergies has a dividend payout ratio of 40.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect TotalEnergies to earn $8.17 per share next year, which means the company should continue to be able to cover its $3.32 annual dividend with an expected future payout ratio of 40.6%.

TotalEnergies Price Performance

Shares of TotalEnergies stock traded up $0.14 on Friday, hitting $54.52. 1,394,580 shares of the company traded hands, compared to its average volume of 1,557,537. TotalEnergies has a 12-month low of $53.29 and a 12-month high of $74.97. The firm’s 50-day simple moving average is $59.11 and its 200 day simple moving average is $64.70. The company has a market cap of $128.75 billion, a P/E ratio of 7.73, a P/E/G ratio of 1.93 and a beta of 0.61. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.39.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. TD Cowen lowered TotalEnergies from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Barclays upgraded shares of TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. Piper Sandler dropped their price target on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. UBS Group raised TotalEnergies to a “strong-buy” rating in a research report on Wednesday, October 9th. Finally, The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a research report on Thursday, October 3rd. Five equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $74.50.

View Our Latest Analysis on TotalEnergies

About TotalEnergies

(Get Free Report)

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.

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Dividend History for TotalEnergies (NYSE:TTE)

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