13 Cheap High Dividend Stocks To Invest In Now

5. TotalEnergies SE (NYSE:TTE)

Number of Hedge Fund Holders: 17

Dividend Yield as of February 17: 5.72%

P/E Ratio: 9.13

TotalEnergies SE (NYSE:TTE) is a global energy company that specializes in oil and natural gas exploration and production, liquefied natural gas, power generation, storage, and distribution, refining petrochemicals and specialty chemicals, and distributing petroleum products. On February 12, the company and Gujarat State Petroleum Corporation (GSPC) signed a 10-year agreement during India Energy Week in New Delhi. Starting in 2026, TotalEnergies will supply GSPC with 400,000 tons of LNG annually. The LNG will serve industrial customers, households, businesses, and CNG vehicles like auto-rickshaws.

In 2024, TotalEnergies SE (NYSE:TTE) made solid progress in growing its free cash flow across both oil & gas and integrated power. It kicked off production at five major projects, including Mero 2 and 3 in Brazil, Akpo West in Nigeria, Anchor in the US, and Fenix in Argentina. At the same time, it launched new oil projects in Suriname, Brazil, and Angola while pushing forward on oil development in Namibia. On the LNG and gas front, the company secured mid-term contracts with Azerbaijan for over 6 million tons per year and expanded its US gas business by acquiring dry gas assets in Texas.

Even with a weaker pricing environment compared to 2023, TTE pulled in $29.9 billion in funds from operations. To keep rewarding shareholders, the company paid out $7.4 billion in dividends and executed an $8 billion stock buyback in 2024, repurchasing $2 billion worth of shares each quarter. It is one of the best dividend stocks to watch.

Among the hedge funds tracked by Insider Monkey, 17 funds were long TotalEnergies SE (NYSE:TTE), compared to 18 funds in the last quarter. Arrowstreet Capital is a prominent stakeholder in the company, with 488,904 shares valued at over $35 million.