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

TotalEnergies SE Sponsored ADR (NYSE:TTE) announced a quarterly dividend on Thursday, July 24th. Investors 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 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, September 30th. This is a 5.9% increase from TotalEnergies’s previous quarterly dividend of €0.85.

TotalEnergies has decreased its dividend by an average of 0.1%per year 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 Price Performance

Shares of TTE stock opened at $90.99 on Monday. The firm’s 50 day moving average price is $88.41 and its two-hundred day moving average price is $87.29. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.85 and a current ratio of 1.06. TotalEnergies has a 52-week low of $57.39 and a 52-week high of $94.17. The stock has a market cap of $218.17 billion, a PE ratio of 11.39, a PEG ratio of 3.02 and a beta of 0.13.

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

Hedge Funds Weigh In On TotalEnergies

Several institutional investors and hedge funds have recently modified their holdings of the business. Amundi acquired a new stake in TotalEnergies during the 1st quarter worth approximately $18,868,822,000. Capital International Investors boosted its holdings in shares of TotalEnergies by 1,438.5% in the fourth quarter. Capital International Investors now owns 52,668,676 shares of the company’s stock valued at $3,435,988,000 after buying an additional 49,245,192 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in shares of TotalEnergies during the first quarter worth $1,103,799,000. Bank of New York Mellon Corp increased its position in shares of TotalEnergies by 1,885.2% during the fourth quarter. Bank of New York Mellon Corp now owns 10,632,765 shares of the company’s stock worth $695,596,000 after acquiring an additional 10,097,151 shares in the last quarter. Finally, Janus Henderson Group PLC acquired a new stake in shares of TotalEnergies during the fourth quarter worth $591,357,000. 16.53% of the stock is currently owned by institutional investors and hedge funds.

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.