E.On (OTCMKTS:EONGY) Hits New 12-Month High - What's Next?

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Morgan Stanley restated an "overweight" 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. Oddo Bhf lowered shares of E.On to a "neutral" rating in a research 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 research report on Thursday, June 26th. Five equities 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. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy".

E.On Price Performance

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 stock's 50-day moving average is $18.07 and its 200 day moving average is $15.51. The stock has a market capitalization of $48.47 billion, a PE ratio of 10.20, a P/E/G ratio of 5.14 and a beta of 0.78.

E.On (OTCMKTS:EONGY - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter. As a group, equities analysts expect that E.On Se will post 1.16 earnings per share for the current year.

E.On Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 20th were paid a $0.4256 dividend. This represents a dividend yield of 2.48%. The ex-dividend date of this dividend was Monday, May 19th. E.On's dividend payout ratio (DPR) 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.