E.ON (OTCMKTS:EONGY) Hits New 52-Week High - Should You Buy?

E.ON SE (OTCMKTS:EONGY - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $18.94 and last traded at $18.94, with a volume of 85484 shares changing hands. The stock had previously closed at $18.77.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on EONGY shares. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of E.ON in a report on Thursday, May 15th. Berenberg Bank upgraded shares of E.ON to a "strong-buy" rating in a research note on Thursday, June 26th. DZ Bank downgraded shares of E.ON from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 23rd. Citigroup upgraded shares of E.ON to a "hold" rating in a research note on Wednesday, May 28th. Finally, Barclays downgraded shares of E.ON from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, June 4th. Five research 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. According to MarketBeat.com, E.ON currently has a consensus rating of "Moderate Buy".

E.ON Price Performance

The company's 50-day simple moving average is $17.85 and its 200-day simple moving average is $15.18. 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 stock has a market capitalization of $48.29 billion, a price-to-earnings ratio of 14.91, a P/E/G ratio of 5.23 and a beta of 0.78.

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

E.ON Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 20th were given a dividend of $0.4256 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a 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.