Short Interest in E.On Se (OTCMKTS:EONGY) Decreases By 77.8%

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

Analyst Upgrades and Downgrades

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

E.On Stock Up 2.5%

OTCMKTS:EONGY traded up $0.44 during trading hours on Thursday, reaching $18.00. The company's stock had a trading volume of 195,770 shares, compared to its average volume of 363,891. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.87 and a quick ratio of 0.82. The company has a market cap of $47.01 billion, a price-to-earnings ratio of 9.89, a price-to-earnings-growth ratio of 6.32 and a beta of 0.78. E.On has a one year low of $10.65 and a one year high of $18.11. The business's 50-day moving average is $17.17 and its 200-day moving average is $14.18.

E.On (OTCMKTS:EONGY - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.02. The company had revenue of $28.28 billion during the quarter. E.On had a return on equity of 7.45% and a net margin of 2.20%. Equities research analysts predict that E.On will post 1.16 EPS for the current 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. This represents a dividend yield of 2.48%. The ex-dividend date was Monday, May 19th. E.On's dividend payout ratio is 24.73%.

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.