Barclays Downgrades E.On (OTCMKTS:EONGY) to Hold

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

Other equities analysts also recently issued research reports about the company. DZ Bank lowered E.On from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 23rd. UBS Group lowered E.On from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 29th. Morgan Stanley reissued an “overweight” rating on shares of E.On in a research report on Thursday, May 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of E.On in a research report on Thursday, May 15th. Finally, Citigroup raised E.On to a “hold” rating in a research report on Wednesday, May 28th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

E.On Price Performance

Shares of E.On stock opened at $17.59 on Wednesday. The company has a quick ratio of 0.82, a current ratio of 0.87 and a debt-to-equity ratio of 1.57. The company has a market cap of $45.94 billion, a PE ratio of 9.66, a P/E/G ratio of 6.32 and a beta of 0.80. The business has a 50 day moving average of $17.04 and a 200 day moving average of $14.08. E.On has a 52 week low of $10.65 and a 52 week high of $18.11.

E.On (OTCMKTS:EONGY) last announced its earnings results on Wednesday, May 14th. The utilities provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates 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%. As a group, equities research analysts forecast that E.On will post 1.16 earnings per share for the current year.

E.On Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, May 27th. Shareholders of record on Tuesday, May 20th were given a dividend of $0.4256 per share. This represents a yield of 2.48%. The ex-dividend date of this dividend was Monday, May 19th. E.On’s dividend payout ratio is currently 24.73%.

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.