RWE (OTCMKTS:RWEOY) Reaches New 1-Year High - Here's What Happened

RWE AG (OTCMKTS:RWEOY - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $42.41 and last traded at $42.41, with a volume of 3755 shares trading hands. The stock had previously closed at $41.93.

Analyst Ratings Changes

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

RWE Price Performance

The business has a 50-day moving average price of $38.58 and a 200 day moving average price of $34.54. The company has a market cap of $28.68 billion, a price-to-earnings ratio of 7.29 and a beta of 0.69. The company has a current ratio of 1.21, a quick ratio of 1.16 and a debt-to-equity ratio of 0.40.

RWE (OTCMKTS:RWEOY - Get Free Report) last issued its quarterly earnings results on Thursday, May 15th. The utilities provider reported $0.72 EPS for the quarter. RWE had a net margin of 16.82% and a return on equity of 5.78%. The business had revenue of $6.72 billion during the quarter. As a group, research analysts expect that RWE AG will post 3.18 earnings per share for the current fiscal year.

RWE Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th were issued a dividend of $0.8535 per share. This is an increase from RWE's previous dividend of $0.76. The ex-dividend date of this dividend was Monday, May 5th. This represents a dividend yield of 2.19%. RWE's payout ratio is currently 14.95%.

RWE 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.

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