E.On Se (OTCMKTS:EONGY) Sees Large Decline in Short Interest

E.On Se (OTCMKTS:EONGY - Get Free Report) was the target of a significant decline in short interest in May. As of May 31st, there was short interest totalling 29,200 shares, a decline of 77.8% from the May 15th total of 131,400 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,288,300 shares, the days-to-cover ratio is presently 0.0 days.

E.On Trading Down 0.7%

OTCMKTS EONGY traded down $0.12 on Friday, reaching $17.88. 182,865 shares of the company were exchanged, compared to its average volume of 362,274. The business's fifty day moving average price is $17.29 and its 200 day moving average price is $14.27. The stock has a market capitalization of $46.70 billion, a P/E ratio of 9.82, a price-to-earnings-growth ratio of 6.32 and a beta of 0.78. The company has a current ratio of 0.87, a quick ratio of 0.82 and a debt-to-equity ratio of 1.57. E.On has a fifty-two week low of $10.65 and a fifty-two week high of $18.11.

E.On (OTCMKTS:EONGY - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The utilities provider reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.02. The company had revenue of $28.28 billion for the quarter. E.On had a return on equity of 7.45% and a net margin of 2.20%. Analysts forecast that E.On 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. Shareholders of record on Tuesday, May 20th were paid a dividend of $0.4256 per share. This represents a yield of 2.48%. The ex-dividend date was Monday, May 19th. E.On's dividend payout ratio (DPR) is currently 24.73%.

Analysts Set New Price Targets

Several brokerages recently commented on EONGY. Oddo Bhf cut E.On to a "neutral" rating in a research report on Thursday, May 15th. Citigroup upgraded E.On to a "hold" rating in a research report on Wednesday, May 28th. Barclays cut E.On from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, June 4th. Morgan Stanley reiterated an "overweight" rating on shares of E.On in a research report on Thursday, May 15th. Finally, DZ Bank cut E.On from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 23rd. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, E.On currently has a consensus rating of "Hold".

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.