E.On (OTCMKTS:EONGY) Reaches New 52-Week High - Still a Buy?

E.On Se (OTCMKTS:EONGY - Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as $18.96 and last traded at $18.96, with a volume of 8102 shares. The stock had previously closed at $18.67.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on EONGY shares. UBS Group downgraded shares of E.On from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 29th. Barclays lowered E.On from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, June 4th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of E.On in a report on Thursday, May 15th. Citigroup upgraded shares of E.On to a "hold" rating in a research report on Wednesday, May 28th. Finally, Berenberg Bank upgraded shares of E.On to a "strong-buy" rating in a report on Thursday, June 26th. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, E.On presently has a consensus rating of "Moderate Buy".

E.On Price Performance

The company has a market cap of $49.65 billion, a PE ratio of 10.45, a PEG ratio of 5.15 and a beta of 0.78. The firm's 50-day moving average is $17.91 and its 200-day moving average is $15.37. The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.40.

E.On (OTCMKTS:EONGY - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The utilities provider reported $0.52 EPS for the quarter, beating 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 company had revenue of $28.28 billion during the quarter. On average, equities analysts anticipate that E.On Se will post 1.16 EPS for the current year.

E.On Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, May 27th. Stockholders of record on Tuesday, May 20th were paid a $0.4256 dividend. The ex-dividend date was Monday, May 19th. This represents a dividend yield of 2.48%. 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.

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