TotalEnergies SE Plans Dividend of $0.83 (NYSE:TTE)

TotalEnergies SE (NYSE:TTE) declared 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 of this dividend is Tuesday, December 31st.

TotalEnergies has decreased its dividend payment by an average of 6.4% annually over the last three years. TotalEnergies has a payout ratio of 40.6% indicating that its dividend is sufficiently covered by earnings. Equities 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

TTE opened at $54.52 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.88 and a current ratio of 1.10. TotalEnergies has a 52-week low of $53.29 and a 52-week high of $74.97. The stock has a market capitalization of $128.75 billion, a PE ratio of 7.73, a price-to-earnings-growth ratio of 1.93 and a beta of 0.61. The stock’s 50 day moving average price is $59.11 and its 200-day moving average price is $64.70.

Analyst Ratings Changes

TTE has been the topic of several analyst reports. Barclays raised TotalEnergies to a “strong-buy” rating in a report on Wednesday, October 2nd. Piper Sandler dropped their target price on TotalEnergies from $77.00 to $62.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. BNP Paribas downgraded TotalEnergies from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 27th. The Goldman Sachs Group raised TotalEnergies to a “hold” rating in a report on Thursday, October 3rd. Finally, TD Cowen downgraded TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, September 30th. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.50.

About TotalEnergies

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.