E.On Se (OTCMKTS:EONGY) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• E.On SE has received an average rating of "Moderate Buy" from eight brokerages, with five recommending a hold, two a buy, and one a strong buy.
• The company reported $0.52 EPS for the last quarter, surpassing analysts' expectations of $0.50, and had a revenue of $28.28 billion.
• E.On recently cut its dividend to $0.4256, resulting in a yield of 248.0%, while maintaining a dividend payout ratio of 25.27%.

E.On Se (OTCMKTS:EONGY - Get Free Report) has received a consensus rating of "Moderate Buy" from the eight brokerages that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company.

Several research firms have recently weighed in on EONGY. Citigroup upgraded shares of E.On to a "hold" rating in a research note on Wednesday, May 28th. Oddo Bhf downgraded shares of E.On to a "neutral" rating in a research report on Thursday, May 15th. UBS Group downgraded shares of E.On from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 29th. Morgan Stanley restated an "overweight" rating on shares of E.On in a research note on Thursday, May 15th. Finally, DZ Bank cut shares of E.On from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 23rd.

E.On Stock Up 1.5%

Shares of E.On stock traded up $0.29 during midday trading on Friday, reaching $19.27. 37,715 shares of the company's stock traded hands, compared to its average volume of 325,073. The company has a market cap of $50.33 billion, a price-to-earnings ratio of 10.59, a price-to-earnings-growth ratio of 5.28 and a beta of 0.78. E.On has a 52 week low of $10.65 and a 52 week high of $19.43. 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 company's 50 day simple moving average is $18.23 and its 200 day simple moving average is $15.94.

E.On (OTCMKTS:EONGY - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The utilities provider reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.02. The business had revenue of $28.28 billion for the quarter. E.On had a net margin of 5.41% and a return on equity of 13.05%. Equities analysts expect that E.On will post 1.16 earnings per share for the current fiscal year.

E.On Cuts Dividend

The business also recently disclosed 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. The ex-dividend date was Monday, May 19th. This represents a dividend yield of 248.0%. E.On's dividend 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.