E.ON (OTCMKTS:EONGY) Sets New 12-Month High - Here's Why

Shares of E.ON SE (OTCMKTS:EONGY - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock 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.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EONGY. Barclays downgraded shares of E.ON from a "strong-buy" rating to a "hold" rating in a report on Wednesday, June 4th. Citigroup upgraded shares of E.ON to a "hold" rating in a research report on Wednesday, May 28th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of E.ON in a research report on Thursday, May 15th. UBS Group cut shares of E.ON from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 29th. Finally, DZ Bank cut shares of E.ON from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 23rd. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy".

E.ON Trading Down 1.3%

The company has a debt-to-equity ratio of 1.40, a current ratio of 0.92 and a quick ratio of 0.87. The company has a market cap of $48.71 billion, a PE ratio of 10.25, a price-to-earnings-growth ratio of 5.22 and a beta of 0.78. The company's 50 day simple moving average is $17.77 and its two-hundred day simple moving average is $14.98.

E.ON (OTCMKTS:EONGY - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The utilities provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.50 by $0.02. E.ON had a net margin of 5.41% and a return on equity of 13.05%. The business had revenue of $28.28 billion during the quarter. As a group, sell-side analysts anticipate that E.ON SE will post 1.16 EPS for the current fiscal year.

E.ON Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 20th were issued a $0.4256 dividend. The ex-dividend date was Monday, May 19th. This represents a dividend yield of 2.48%. E.ON's payout ratio is 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.