E.On (OTCMKTS:EONGY) Upgraded to Hold at Citigroup

Citigroup upgraded shares of E.On (OTCMKTS:EONGY - Free Report) to a hold rating in a report released on Wednesday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of E.On in a research report 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. DZ Bank lowered shares of E.On from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 23rd. Morgan Stanley reissued an "overweight" rating on shares of E.On in a research report on Thursday, May 15th. Finally, Oddo Bhf lowered shares of E.On to a "neutral" rating in a research report on Thursday, May 15th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".

E.On Price Performance

Shares of OTCMKTS EONGY traded down $0.04 during midday trading on Wednesday, hitting $17.63. The company had a trading volume of 96,398 shares, compared to its average volume of 353,946. The company has a quick ratio of 0.82, a current ratio of 0.87 and a debt-to-equity ratio of 1.57. E.On has a twelve month low of $10.65 and a twelve month high of $18.11. The business has a 50-day simple moving average of $16.77 and a two-hundred day simple moving average of $13.90. The firm has a market capitalization of $46.04 billion, a price-to-earnings ratio of 9.69, a price-to-earnings-growth ratio of 6.32 and a beta of 0.80.

E.On (OTCMKTS:EONGY - Get Free Report) last announced its earnings results on Wednesday, May 14th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.02. The company had revenue of $28.28 billion during the quarter. E.On had a net margin of 2.20% and a return on equity of 7.45%. Equities research analysts anticipate that E.On will post 1.16 earnings per share for the current year.

E.On Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 20th were issued a $0.4256 dividend. The ex-dividend date was Monday, May 19th. This represents a yield of 2.48%. E.On's dividend payout ratio is presently 24.73%.

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.