RWE Aktiengesellschaft (OTCMKTS:RWEOY) Reaches New 52-Week High - Here's Why

RWE Aktiengesellschaft (OTCMKTS:RWEOY - Get Free Report) shares hit a new 52-week high on Tuesday . The company traded as high as $41.58 and last traded at $41.14, with a volume of 75140 shares changing hands. The stock had previously closed at $41.03.

Analysts Set New Price Targets

Separately, Morgan Stanley reaffirmed an "overweight" rating on shares of RWE Aktiengesellschaft in a research report on Monday, March 24th.

RWE Aktiengesellschaft Trading Up 0.3%

The firm has a market capitalization of $27.82 billion, a price-to-earnings ratio of 9.99 and a beta of 0.69. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.42 and a current ratio of 1.55. The company has a 50-day moving average price of $37.87 and a 200-day moving average price of $33.92.

RWE Aktiengesellschaft (OTCMKTS:RWEOY - Get Free Report) last posted its earnings results on Thursday, May 15th. The utilities provider reported $0.72 earnings per share for the quarter. The firm had revenue of $6.72 billion during the quarter. RWE Aktiengesellschaft had a return on equity of 8.16% and a net margin of 12.03%. As a group, research analysts forecast that RWE Aktiengesellschaft will post 3.18 EPS for the current fiscal year.

RWE Aktiengesellschaft Increases Dividend

The business also recently announced a dividend, which was paid on Friday, May 16th. Investors of record on Tuesday, May 6th were given a $0.8535 dividend. This represents a dividend yield of 2.19%. This is an increase from RWE Aktiengesellschaft's previous dividend of $0.76. The ex-dividend date of this dividend was Monday, May 5th. RWE Aktiengesellschaft's dividend payout ratio (DPR) is 14.95%.

RWE Aktiengesellschaft Company Profile

RWE Aktiengesellschaft generates and supplies electricity from renewable and conventional sources in Germany, the United Kingdom, rest of Europe, North America, and internationally. It operates through five segments: Offshore Wind; Onshore Wind/Solar; Hydro/Biomass/Gas; Supply & Trading; and Coal/Nuclear.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.