TotalEnergies SE (NYSE:TTE) has just announced its quarterly dividend, which was reported by Zacks on May 31st. According to the report, those who are investors of record on Tuesday, June 20th will receive a generous $0.585 dividend per share on Monday, July 17th. This represents an annualized basis of $2.34 and a dividend yield of 4.06%. TotalEnergies’ previous quarterly dividend was $0.54, so this is certainly good news for its investors.
Shares of NYSE TTE opened at $57.60 on Friday June 3rd and the company currently has a quick ratio of 0.91, a current ratio of 1.14, and a debt-to-equity ratio of 0.36. The firm also has a market cap of $142.96 billion with a price-to-earnings ratio of 7.03, making it an attractive option for savvy investors.
As for TotalEnergies’ business model, the company engages in exploration and production activities surrounding fuels, natural gas and low carbon electricity across several different segments: Exploration & Production; Integrated Gas, Renewables & Power; Refining & Chemicals; and Marketing & Services.
Over the past few months institutional investors have increased their holdings in TotalEnergies as well – Wellington Management Group LLP now owns over nine million shares valued at over $462 million while Arrowstreet Capital Limited Partnership recently acquired over one million shares worth more than $320 million.
Clearbridge Investments LLC also lifted its position in TTE by nearly twenty percent during the first quarter alone to nearly two and a half million shares valuing more than $113 million which shows positive investor sentiment toward TotalEnergies’ stock.
Lastly but certainly not leastly BNP Paribas Arbitrage SA invested almost two million shares into TTE’s stock valued at over $92 million which shows even more investor interest and support for the firm.
Now is an opportune moment to keep a close eye on TotalEnergies and its ongoing trajectory within both the energy and investment sectors at large.
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TotalEnergies Outperforms Expectations with Impressive Q1 Earnings and Strong Growth Potential
TotalEnergies, a multinational energy company that trades on the New York Stock Exchange under ticker symbol TTE, recently released its quarterly earnings data for the first quarter of the fiscal year 2023. The company reported $2.61 earnings per share for the quarter, which exceeded analysts’ consensus estimates of $2.43 by $0.18.
This impressive performance was driven by strong revenue growth, as TotalEnergies earned $62.60 billion during the quarter. Furthermore, the company had an impressive return on equity of 28.51% and a net margin of 7.82%. With these results, research analysts predict that TotalEnergies will post high earnings per share (EPS) figures throughout the current year.
To evaluate TotalEnergies’ potential as an investment opportunity, several analysts have issued reports on the stock’s performance in recent months. Morgan Stanley has raised shares of TotalEnergies from an “equal weight” rating to an “overweight” rating in a research report released on March 21st. Meanwhile, Piper Sandler lowered their target price for TTE from $69 to $68 in a research note released on May 18th.
Despite this slight dip in target price, six equities research analysts have rated TTE stock as “hold”, while seven others have issued a bullish “buy” rating on its prospects for growth.
Based on data from Bloomberg, TotalEnergies currently boasts an average rating of “Moderate Buy” amongst industry experts and investors alike with a consensus target price of $64.40.
In conclusion, TotalEnergies’ most recent earnings report indicates that this energy giant is equipped to continue its success throughout fiscal year 2023 and beyond. While individual analyst recommendations may vary slightly based on their own methodologies or perspectives, this promising outlook positions TotalEnergies as one of the more compelling investment options within the energy sector.
