E.On (OTCMKTS:EONGY) Reaches New 1-Year High - Time to Buy?

Key Points

• E.On's shares achieved a new 52-week high of $19.28, rising from a previous close of $18.98, with 1,519 shares traded during mid-day.
• Analysts have mixed ratings for E.On, with a consensus of "Moderate Buy" and varied ratings from "strong buy" to "hold" among major financial institutions.
• E.On recently declared a dividend of $0.4256 per share, reflecting a dividend yield of 248.0%, with a payout ratio of 25.27%.

Shares of E.On Se (OTCMKTS:EONGY - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $19.28 and last traded at $19.24, with a volume of 1519 shares trading hands. The stock had previously closed at $18.98.

Analysts Set New Price Targets

EONGY has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reissued 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 report on Tuesday, April 29th. DZ Bank cut shares of E.On from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, April 23rd. Berenberg Bank raised shares of E.On to a "strong-buy" rating in a research note on Thursday, June 26th. Finally, Morgan Stanley reissued 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 assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

E.On Price Performance

The stock has a market capitalization of $50.74 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 5.28 and a beta of 0.78. The business's fifty day moving average price is $18.23 and its 200-day moving average price is $15.94. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.92 and a quick ratio of 0.87.

E.On (OTCMKTS:EONGY - Get Free Report) last posted 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. 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 for the quarter. On average, research analysts forecast that E.On Se will post 1.16 EPS for the current year.

E.On Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 20th were issued a dividend of $0.4256 per share. This represents a dividend yield of 248.0%. The ex-dividend date of this dividend was Monday, May 19th. E.On's dividend payout ratio (DPR) 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.

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