TotalEnergies SE Sponsored ADR (NYSE:TTE) to Issue Quarterly Dividend of €0.85

TotalEnergies SE Sponsored ADR (NYSE:TTE) announced a quarterly dividend on Thursday, February 8th. Stockholders of record on Wednesday, July 1st will be paid a dividend of 0.85 per share on Thursday, July 2nd. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Wednesday, July 1st.

TotalEnergies has decreased its dividend payment by an average of 0.1%per year over the last three years. TotalEnergies has a payout ratio of 9.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect TotalEnergies to earn $9.80 per share next year, which means the company should continue to be able to cover its $0.73 annual dividend with an expected future payout ratio of 7.4%.

TotalEnergies Stock Down 0.0%

Shares of TotalEnergies stock opened at $76.76 on Monday. The firm has a market cap of $184.05 billion, a price-to-earnings ratio of 11.37, a P/E/G ratio of 2.60 and a beta of 0.12. The stock has a 50-day simple moving average of $88.15 and a 200-day simple moving average of $80.22. TotalEnergies has a 52-week low of $57.39 and a 52-week high of $94.17. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.85.

TotalEnergies (NYSE:TTE) last released its quarterly earnings data on Wednesday, April 29th. The company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. The firm had revenue of $49.52 billion for the quarter, compared to the consensus estimate of $44.58 billion. TotalEnergies had a return on equity of 14.01% and a net margin of 7.43%. On average, equities research analysts expect that TotalEnergies will post 11.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TotalEnergies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TTE. Robinswood Financial LLC acquired a new stake in shares of TotalEnergies in the first quarter worth $27,000. YANKCOM Partnership boosted its holdings in shares of TotalEnergies by 146.8% during the 4th quarter. YANKCOM Partnership now owns 390 shares of the company’s stock worth $25,000 after buying an additional 232 shares during the period. Maseco LLP grew its stake in TotalEnergies by 119.9% in the 1st quarter. Maseco LLP now owns 420 shares of the company’s stock valued at $38,000 after buying an additional 229 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in TotalEnergies in the 1st quarter valued at $39,000. Finally, MH & Associates Securities Management Corp ADV bought a new position in TotalEnergies in the 4th quarter worth $29,000. Institutional investors and hedge funds own 16.53% of the company’s stock.

About TotalEnergies

TotalEnergies SE (NYSE: TTE) is a French multinational integrated energy company engaged across the full energy value chain. Founded in 1924 as Compagnie Française des Pétroles, the company grew through a series of mergers and expansions—most notably with Petrofina and Elf Aquitaine around the turn of the millennium—and rebranded to TotalEnergies in 2021 to reflect a broader focus on multiple energy sources. It is organized to operate across upstream and downstream activities while pursuing a transition toward lower-carbon energy solutions.

In upstream, TotalEnergies explores for and produces crude oil and natural gas globally.