TotalEnergies Shares Dip on Analyst Views, Despite Attractive Dividend Yield
TotalEnergies shares have experienced a downturn in today's trading session following comments from analysts, despite maintaining a relatively stable sideways trend. The company's focus on future growth investments has led to a temporary limitation in dividend potential, while earnings expectations for 2026 have been revised downwards by an average of six percent by Henry Tarr.
Analysts have offered a mixed outlook on TotalEnergies' shares. RBC has maintained a bullish stance, rating the shares as 'Outperform' with a price target of 75 euros. However, Goldman Sachs' Michele della Vigna has reduced his price target from 55 to 53 euros, keeping the rating at 'Neutral'. Berenberg has also lowered its price target, from 60 to 57 euros, and downgraded its recommendation from 'Buy' to 'Hold'.
Despite these changes, TotalEnergies' shares remain attractively valued, offering an appealing dividend yield of nearly six percent. Recent positive ratings have come from Christopher Kuplent of Bank of America Securities and J.P. Morgan, both maintaining a 'Buy' rating with price targets of €62.00 and €58.50 respectively. Bank of America has also reduced its price target, from 66 to 62 euros, but continues to recommend buying.
TotalEnergies' shares, although down today, remain in an intact sideways trend, with no immediate need for market action. The company's focus on future growth, while temporarily limiting dividends, aligns with analysts' views on the stock's long-term potential. Investors should consider the mixed analyst opinions and the company's strategic direction when making decisions.
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