E.ON (OTCMKTS:EONGY) Reaches New 12-Month High - Should You Buy?

Shares of E.ON SE (OTCMKTS:EONGY - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $18.76 and last traded at $18.64, with a volume of 3425 shares changing hands. The stock had previously closed at $18.53.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on EONGY shares. DZ Bank cut shares of E.ON from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 23rd. UBS Group cut shares of E.ON from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 29th. Barclays cut shares of E.ON from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, June 4th. Berenberg Bank upgraded shares of E.ON to a "strong-buy" rating in a research report on Thursday, June 26th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of E.ON in a research report on Thursday, May 15th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, E.ON has a consensus rating of "Moderate Buy".

E.ON Stock Performance

The company has a market capitalization of $49.02 billion, a price-to-earnings ratio of 10.31, a price-to-earnings-growth ratio of 4.77 and a beta of 0.78. 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 50 day moving average price of $17.60 and a two-hundred day moving average price of $14.69.

E.ON (OTCMKTS:EONGY - Get Free Report) last posted its quarterly earnings data 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. 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%. On average, analysts predict that E.ON SE will post 1.16 EPS 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 $0.4256 dividend. This represents a yield of 2.48%. The ex-dividend date of this dividend was Monday, May 19th. E.ON's payout ratio is presently 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.