E.On (OTCMKTS:EONGY) Cut to “Hold” at Barclays

Barclays cut shares of E.On (OTCMKTS:EONGY) from a strong-buy rating to a hold rating in a research note released on Wednesday morning,Zacks.com reports.

Other analysts have also issued research reports about the company. Morgan Stanley reaffirmed an “overweight” rating on shares of E.On in a report on Thursday, May 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of E.On in a report on Thursday, May 15th. Citigroup raised E.On to a “hold” rating in a report on Wednesday, May 28th. Oddo Bhf lowered E.On to a “neutral” rating in a report on Thursday, May 15th. Finally, UBS Group lowered E.On from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 29th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

E.On Stock Down 0.3%

EONGY opened at $17.59 on Wednesday. The business has a 50-day moving average of $17.04 and a 200-day moving average of $14.08. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.87 and a quick ratio of 0.82. E.On has a fifty-two week low of $10.65 and a fifty-two week high of $18.11. The company has a market capitalization of $45.94 billion, a PE ratio of 9.66, a price-to-earnings-growth ratio of 6.32 and a beta of 0.80.

E.On (OTCMKTS:EONGY) last issued its quarterly earnings data on Wednesday, May 14th. The utilities provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.02. E.On had a return on equity of 7.45% and a net margin of 2.20%. The business had revenue of $28.28 billion for the quarter. Equities research analysts forecast that E.On will post 1.16 EPS for the current fiscal year.

E.On Cuts Dividend

The company 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 of this dividend was Monday, May 19th. E.On’s payout ratio is presently 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.