TotalEnergies SE (NYSE:TTE) to Issue Dividend of $0.71

TotalEnergies SE (NYSE:TTE - Get Free Report) declared a dividend on Tuesday, June 17th, investing.com reports. Shareholders of record on Thursday, June 19th will be paid a dividend of 0.7108 per share on Friday, July 11th. This represents a yield of 4.54%. The ex-dividend date of this dividend is Wednesday, June 18th.

TotalEnergies has a payout ratio of 52.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect TotalEnergies to earn $8.27 per share next year, which means the company should continue to be able to cover its $3.84 annual dividend with an expected future payout ratio of 46.4%.

TotalEnergies Stock Performance

TTE stock traded up $1.29 during trading on Tuesday, reaching $63.86. 2,838,002 shares of the company's stock were exchanged, compared to its average volume of 1,647,640. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. TotalEnergies has a 1-year low of $52.78 and a 1-year high of $71.03. The company's fifty day moving average price is $58.79 and its 200-day moving average price is $58.89. The firm has a market cap of $153.11 billion, a PE ratio of 9.59, a P/E/G ratio of 0.98 and a beta of 0.56.

TotalEnergies (NYSE:TTE - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $1.83 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.88 by ($0.05). TotalEnergies had a return on equity of 15.22% and a net margin of 7.34%. The business had revenue of $47.90 billion for the quarter, compared to analyst estimates of $41.23 billion. During the same quarter last year, the firm posted $2.14 EPS. On average, research analysts expect that TotalEnergies will post 8.02 EPS for the current fiscal year.

Institutional Investors Weigh In On TotalEnergies

A hedge fund recently raised its stake in TotalEnergies stock. AQR Capital Management LLC increased its holdings in TotalEnergies SE (NYSE:TTE - Free Report) by 151.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,461 shares of the company's stock after acquiring an additional 40,586 shares during the period. AQR Capital Management LLC's holdings in TotalEnergies were worth $4,364,000 at the end of the most recent reporting period. Institutional investors own 16.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Morgan Stanley upgraded TotalEnergies from an "equal weight" rating to an "overweight" rating and set a $60.80 price objective for the company in a report on Monday, May 12th. Citigroup upgraded TotalEnergies from a "neutral" rating to a "buy" rating in a report on Wednesday, March 26th. HSBC restated a "buy" rating on shares of TotalEnergies in a report on Tuesday, May 13th. BNP Paribas upgraded TotalEnergies from a "neutral" rating to an "outperform" rating in a report on Tuesday, April 15th. Finally, Scotiabank reduced their target price on TotalEnergies from $65.00 to $60.00 and set a "sector perform" rating for the company in a report on Friday, April 11th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $69.36.

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.