TotalEnergies SE Sponsored ADR (TTE) to Issue Quarterly Dividend of €0.90 on October 21st

TotalEnergies SE Sponsored ADR (NYSE:TTE) declared a quarterly dividend on Thursday, July 24th. Stockholders of record on Thursday, October 1st will be given a dividend of €0.90 per share on Wednesday, October 21st. This represents a $3.60 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Wednesday, September 30th. This is a 5.9% increase from TotalEnergies’s previous quarterly dividend of €0.85.

TotalEnergies has decreased its dividend payment by an average of 0.1%annually over the last three years. TotalEnergies has a dividend payout ratio of 9.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect TotalEnergies to earn $10.85 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 6.7%.

TotalEnergies Trading Up 0.1%

Shares of TTE opened at $90.99 on Monday. TotalEnergies has a twelve month low of $57.39 and a twelve month high of $94.17. The company has a market cap of $218.17 billion, a P/E ratio of 11.39, a P/E/G ratio of 3.02 and a beta of 0.13. The company has a current ratio of 1.06, a quick ratio of 0.85 and a debt-to-equity ratio of 0.38. The company’s fifty day simple moving average is $88.41 and its 200-day simple moving average is $87.29.

TotalEnergies (NYSE:TTE) last released its quarterly earnings results on Tuesday, June 30th. The company reported $2.68 EPS for the quarter. TotalEnergies had a net margin of 8.29% and a return on equity of 15.66%. The firm had revenue of $57.10 billion during the quarter. As a group, analysts expect that TotalEnergies will post 11.32 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on TTE shares. Wall Street Zen raised TotalEnergies from a “hold” rating to a “buy” rating in a research note on Monday, August 31st. Morgan Stanley set a $90.00 price objective on TotalEnergies and gave the company an “equal weight” rating in a research report on Thursday, September 3rd. TD Cowen boosted their target price on shares of TotalEnergies from $102.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Piper Sandler boosted their price objective on shares of TotalEnergies from $84.00 to $93.00 and gave the company a “neutral” rating in a research report on Thursday, September 3rd. Finally, Mizuho assumed coverage on TotalEnergies in a research note on Monday, July 20th. They issued an “outperform” rating and a $103.00 price objective on the stock. Ten analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.

About TotalEnergies

TotalEnergies SE (NYSE:TTE) is a French multinational energy company engaged in the production, processing and distribution of energy. Its operations span oil and natural gas exploration and production, liquefied natural gas, refining, petrochemicals, fuels, lubricants and other petroleum products.

The company is also expanding its electricity and renewable energy businesses, including solar and wind power, battery storage and electric-vehicle charging services. TotalEnergies serves customers across international markets through activities covering the energy supply chain, from upstream production to transportation, refining, marketing and power generation.

Founded in 1924 as Compagnie française des pétroles, the company operated under the Total name for many years before adopting the TotalEnergies name in 2021 to reflect its broader focus on multiple forms of energy.