According to Zacks, an announcement regarding a quarterly dividend was made by TotalEnergies SE (NYSE: TTE) on November 28. On January 25, a dividend payment of 0.529 cents per share will be sent to shareholders recorded as having shares as of the previous Friday, December 30. This payment will be made to shareholders who had shares as of the previous Friday, December 30. An annualized calculation suggests that this translates to a dividend payment of $2.12 and a yield of 3.33%. The dividend will be withheld from shareholder accounts on Thursday, December 29. The amount of the quarterly dividend paid out by TotalEnergies has been increased, and it now stands at $0.51 per share.
On Thursday, October 27, the most recent quarterly earnings report for TotalEnergies (NYSE: TTE) was made available to the public. The company reported earnings per share (EPS) of $3.83 for the quarter, which was $0.08 less than the estimate used by the market, which was $3.91. The company’s sales reached a cumulative total of $69.04 billion during the period in question. During the last fiscal year, TotalEnergies had a net margin of 8.67% and a return on equity of 29.83%. TotalEnergies is expected to generate earnings of 14.16 cents per share in 2018, according to projections made by professionals in equity research.
Several distinct analysts contributed to the creation of recent reports on the stock that were published. According to the findings of the research study that Erste Group Bank published on October 5, the rating for TotalEnergies was changed from “buy” to “hold.” Deutsche Bank Aktiengesellschaft disclosed in a report distributed on Wednesday, December 7, that the company had increased their price objective on TotalEnergies from €54.90 ($58.40) to €60.00 ($63.83) as a result of recent market developments. On Friday, September 30, Cowen announced that it would reduce its price target for TotalEnergies from $58.00 to $56.00. The announcement was made in a report that was published that day. BNP Paribas downgraded Total Energies from an “outperform” rating to a “neutral” rating in a research report published on December 14. Cowen categorized TotalEnergies as a “market perform” company in a research report published on September 30, and the firm lowered its target price from $58.00 to $56.00 in the same report.
Nevertheless, this was not the final significant development that took place. Seven of the equity research analysts have given the stock a hold rating, but all seven have recommended that investors purchase company shares. The current average rating for TotalEnergies is “Moderate Buy,” and the consensus price objective for the company is $62.92, according to information from Bloomberg.com.
The price of NYSE TTE stocks rose by $0.40 during the lunch hour on Tuesday, bringing the total to $63.61 for the day. Trading took place on the New York Stock Exchange. The total number of shares traded by the company was 2,275, significantly less than the daily volume of 1,430,285. The company’s price has a moving average of $58.09 over the past fifty days and a moving average of $53.41 over the past 200 days. The current ratio is 1.18, the quick ratio is 1.02, and the debt-to-equity ratio is 0.37. The quick ratio is 1.02, and the current ratio is 0.37. The company has a market capitalization of $165.81 billion, a price-to-earnings ratio of 7.23, a PEG ratio of 0.52, and a beta coefficient of 0.83. All of these metrics indicate that the business is relatively expensive. During the previous year, the cost of TotalEnergies experienced a price fluctuation that took it from $44.61 to $63.24, with a low of $44.61 and a high of $63.24.
The percentage of stocks that hedge funds and other types of institutional investors hold in their portfolios has been a topic of discussion among many of these investors in recent months. During the first quarter, Acadian Asset Management LLC invested $98,000 into TotalEnergies to acquire a new stake in the company. The transaction was completed. SVB Wealth LLC forked over $238 thousand in the second quarter to acquire a new stake in TotalEnergies. Kingsview Wealth Management LLC shelled out $308,000 over the second quarter to acquire a new stake in TotalEnergies. During the first three months of the year, Panagora Asset Management Inc. made a new investment in TotalEnergies, allocating $339,000 to the company.
Last but not least, during the first three months of this year, HSBC Holdings PLC increased the amount of capital it had invested in TotalEnergies by 36.2%. This was an important accomplishment. HSBC Holdings PLC now has a total of 6,737 shares following the purchase of an additional 1,790 in the most recent quarter. The company’s shares are currently valued at a combined total of $340,000. Institutional investors own 6.63 percent of the company’s stock.
TotalEnergies SE is a global oil and gas conglomerate with operations in multiple countries worldwide. The company is divided into four divisions: integrated gas, renewables and power, exploration and production, refining and chemicals, and marketing and services. The Integrated Gas, Renewables, and Power sector not only produces, ships, trades, and regasifies liquefied natural gas (LNG), liquefied petroleum gas (LPG), petcoke and sulfur, natural gas, and electricity, but it also develops and operates production facilities for biomethane. In addition, it is also responsible for the transportation of natural gas and the generation of electricity from a wide range of sources, such as wind, solar, hydroelectric, and biogas.
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