E.On (OTCMKTS:EONGY) Hits New 1-Year High - Still a Buy?

E.On Se (OTCMKTS:EONGY - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $18.85 and last traded at $18.84, with a volume of 67219 shares trading hands. The stock had previously closed at $18.51.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on EONGY shares. Berenberg Bank upgraded E.On to a "strong-buy" rating in a report on Thursday, June 26th. Oddo Bhf downgraded E.On to a "neutral" rating in a report on Thursday, May 15th. Morgan Stanley restated an "overweight" rating on shares of E.On in a report on Thursday, May 15th. DZ Bank downgraded E.On from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 23rd. Finally, UBS Group downgraded E.On from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 29th. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy".

E.On Stock Performance

The business has a fifty day simple moving average of $17.74 and a 200-day simple moving average of $14.95. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.40. The firm has a market cap of $49.33 billion, a P/E ratio of 10.38, a P/E/G ratio of 4.63 and a beta of 0.78.

E.On (OTCMKTS:EONGY - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The utilities provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.02. E.On had a return on equity of 13.05% and a net margin of 5.41%. The firm had revenue of $28.28 billion during the quarter. On average, sell-side analysts predict that E.On Se will post 1.16 EPS for the current fiscal year.

E.On Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 20th were given a dividend of $0.4256 per share. The ex-dividend date was Monday, May 19th. This represents a dividend yield of 2.48%. E.On's dividend payout ratio (DPR) is presently 25.27%.

About E.On

E.ON SE operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, rest of Europe, and internationally. It operates through two segments, Energy Networks and Customer Solutions. The Energy Networks segment operates power and gas distribution networks, as well as provides maintenance, repairs, and related services.

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