E.On (OTCMKTS:EONGY) Sees Large Volume Increase - Here's What Happened

E.On Se (OTCMKTS:EONGY - Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 514,619 shares traded hands during trading, an increase of 56% from the previous session's volume of 330,622 shares.The stock last traded at $18.56 and had previously closed at $18.49.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EONGY. Oddo Bhf downgraded E.On to a "neutral" rating in a report on Thursday, May 15th. Barclays downgraded E.On from a "strong-buy" rating to a "hold" rating in a report on Wednesday, June 4th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of E.On in a report on Thursday, May 15th. Berenberg Bank raised E.On to a "strong-buy" rating in a report on Thursday, June 26th. Finally, Morgan Stanley reissued an "overweight" rating on shares of E.On in a report on Thursday, May 15th. Five 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, the stock presently has a consensus rating of "Moderate Buy".

E.On Price Performance

The firm has a market capitalization of $48.16 billion, a PE ratio of 10.13, a PEG ratio of 5.10 and a beta of 0.78. The stock has a 50-day moving average price of $17.87 and a 200 day moving average price of $15.22. 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. The business had revenue of $28.28 billion during the quarter. E.On had a return on equity of 13.05% and a net margin of 5.41%. Equities analysts forecast that E.On Se will post 1.16 EPS for the current fiscal year.

E.On Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, May 27th. Investors of record on Tuesday, May 20th were given a dividend of $0.4256 per share. This represents a dividend yield of 2.48%. The ex-dividend date of this dividend was Monday, May 19th. E.On's payout ratio is 25.27%.

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.