RWE Aktiengesellschaft (OTCMKTS:RWEOY) Sees Significant Drop in Short Interest

RWE Aktiengesellschaft (OTCMKTS:RWEOYGet Rating) was the recipient of a large decrease in short interest in April. As of April 30th, there was short interest totalling 3,800 shares, a decrease of 55.8% from the April 15th total of 8,600 shares. Based on an average daily volume of 84,700 shares, the days-to-cover ratio is currently 0.0 days.

A number of analysts recently issued reports on RWEOY shares. Morgan Stanley increased their target price on shares of RWE Aktiengesellschaft from €45.00 ($47.37) to €50.00 ($52.63) in a research report on Wednesday, May 4th. Royal Bank of Canada dropped their target price on shares of RWE Aktiengesellschaft from €48.00 ($50.53) to €46.50 ($48.95) in a research report on Tuesday, January 25th. JPMorgan Chase & Co. dropped their target price on shares of RWE Aktiengesellschaft from €64.00 ($67.37) to €60.00 ($63.16) in a research report on Thursday, March 31st. Berenberg Bank increased their target price on shares of RWE Aktiengesellschaft from €38.30 ($40.32) to €42.50 ($44.74) in a research report on Wednesday, January 19th. Finally, Citigroup increased their price objective on shares of RWE Aktiengesellschaft to €45.00 ($47.37) in a research report on Tuesday, April 5th. One investment analyst has rated the stock with a sell rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $48.01.

Shares of OTCMKTS:RWEOY opened at $41.49 on Friday. RWE Aktiengesellschaft has a 1-year low of $33.51 and a 1-year high of $46.51. The company’s fifty day moving average is $42.43 and its two-hundred day moving average is $40.87. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.07 and a quick ratio of 1.04.

RWE Aktiengesellschaft (OTCMKTS:RWEOYGet Rating) last issued its earnings results on Tuesday, March 15th. The utilities provider reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.64. The company had revenue of $12.89 billion for the quarter. RWE Aktiengesellschaft had a net margin of 3.34% and a return on equity of 7.94%. Equities analysts predict that RWE Aktiengesellschaft will post 2.72 earnings per share for the current fiscal year.

The firm also recently announced a dividend, which was paid on Friday, May 13th. Shareholders of record on Monday, May 2nd were issued a dividend of $0.7014 per share. The ex-dividend date was Friday, April 29th. This represents a dividend yield of 1.63%. RWE Aktiengesellschaft’s dividend payout ratio (DPR) is 19.94%.

About RWE Aktiengesellschaft (Get Rating)

RWE Aktiengesellschaft generates and supplies electricity from renewable and conventional sources primarily in Europe and the United States. It operates through five segments: Offshore Wind; Onshore Wind/Solar; Hydro/Biomass/Gas; Supply & Trading; and Coal/Nuclear. The company generates wind, solar, hydro, nuclear, gas, and biomass electricity.

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