TotalEnergies SE Sponsored ADR (TTE) To Go Ex-Dividend on July 1st

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

TotalEnergies has decreased its dividend 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. 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 NYSE TTE opened at $76.76 on Monday. The firm has a fifty day simple moving average of $88.15 and a two-hundred day simple moving average of $80.22. TotalEnergies has a 12 month low of $57.39 and a 12 month high of $94.17. The company has a current ratio of 1.08, a quick ratio of 0.85 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $184.05 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 2.60 and a beta of 0.12.

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

Analysts Set New Price Targets

Several analysts recently weighed in on TTE shares. Wall Street Zen upgraded TotalEnergies from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. CICC Research assumed coverage on TotalEnergies in a report on Tuesday, June 23rd. They set an “outperform” rating for the company. Scotiabank upped their price target on shares of TotalEnergies from $73.00 to $97.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. raised shares of TotalEnergies from a “neutral” rating to an “overweight” rating in a research report on Monday, March 2nd. Finally, Weiss Ratings raised TotalEnergies from a “hold (c)” rating to a “buy (b-)” rating in a research report on Friday, May 1st. Ten investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, TotalEnergies has a consensus rating of “Moderate Buy” and a consensus price target of $84.33.

TotalEnergies Company Profile

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.