E.On (OTCMKTS:EONGY) Reaches New 12-Month High – Should You Buy?

E.On Se (OTCMKTS:EONGY) hit a new 52-week high on Tuesday . The company traded as high as $18.76 and last traded at $18.64, with a volume of 3425 shares traded. The stock had previously closed at $18.53.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Oddo Bhf cut shares of E.On to a “neutral” rating in a research report on Thursday, May 15th. Berenberg Bank raised shares of E.On to a “strong-buy” rating in a research report on Thursday, June 26th. UBS Group cut shares of E.On from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 29th. Barclays cut shares of E.On from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of E.On in a research report on Thursday, May 15th. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

E.On Trading Down 1.9%

The company has a quick ratio of 0.87, a current ratio of 0.92 and a debt-to-equity ratio of 1.40. The business’s fifty day moving average is $17.64 and its 200 day moving average is $14.75. The firm has a market capitalization of $48.11 billion, a price-to-earnings ratio of 10.12, a price-to-earnings-growth ratio of 4.84 and a beta of 0.78.

E.On (OTCMKTS:EONGY) last issued its quarterly earnings data on Wednesday, May 14th. The utilities provider reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. E.On had a net margin of 5.41% and a return on equity of 13.05%. The business had revenue of $28.28 billion for the quarter. Equities analysts predict that E.On Se 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. Investors of record on Tuesday, May 20th were issued a dividend of $0.4256 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a dividend yield of 2.48%. E.On’s payout ratio is 25.27%.

E.On Company Profile

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.