E.On (OTCMKTS:EONGY) Hits New 1-Year High - Here's Why

Shares of E.On Se (OTCMKTS:EONGY - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $18.76 and last traded at $18.64, with a volume of 3425 shares traded. The stock had previously closed at $18.53.

Analyst Ratings Changes

A number of research firms recently issued reports on EONGY. Citigroup upgraded E.On to a "hold" rating in a report on Wednesday, May 28th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of E.On in a research note on Thursday, May 15th. UBS Group lowered shares of E.On from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 29th. Oddo Bhf downgraded shares of E.On to a "neutral" rating in a research report on Thursday, May 15th. Finally, Barclays cut shares of E.On from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, June 4th. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, E.On currently has an average rating of "Moderate Buy".

E.On Price Performance

The stock has a market cap of $48.26 billion, a price-to-earnings ratio of 10.15, a price-to-earnings-growth ratio of 4.61 and a beta of 0.78. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.87 and a current ratio of 0.92. The company has a 50-day simple moving average of $17.70 and a two-hundred day simple moving average of $14.83.

E.On (OTCMKTS:EONGY - Get Free Report) last issued its earnings results on Wednesday, May 14th. The utilities provider reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.02. The business had revenue of $28.28 billion for the quarter. E.On had a net margin of 5.41% and a return on equity of 13.05%. As a group, equities research analysts forecast that E.On Se will post 1.16 EPS for the current year.

E.On Cuts Dividend

The company 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 of this dividend was Monday, May 19th. This represents a dividend yield of 2.48%. E.On's payout ratio is 25.27%.

E.On Company Profile

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.