E.On (OTCMKTS:EONGY) Stock Crosses Below 50 Day Moving Average of $9.02

E.On Se (OTCMKTS:EONGY – Get Rating) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $9.02 and traded as low as $8.93. E.On shares last traded at $8.96, with a volume of 206,844 shares.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EONGY. The Goldman Sachs Group raised E.On from a “neutral” rating to a “buy” rating in a research note on Thursday, June 16th. Stifel Nicolaus cut E.On from a “buy” rating to a “hold” rating in a research note on Wednesday, April 13th. Berenberg Bank cut their target price on E.On from €13.00 ($13.40) to €12.50 ($12.89) in a research note on Friday, July 15th. Finally, Morgan Stanley cut their target price on E.On from €11.00 ($11.34) to €10.50 ($10.82) and set an “underweight” rating on the stock in a research note on Tuesday, May 17th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $11.70.

E.On Stock Up 0.4 %

The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 1.51. The company’s fifty day simple moving average is $9.02 and its 200 day simple moving average is $10.93. The firm has a market capitalization of $23.39 billion, a PE ratio of 4.23, a price-to-earnings-growth ratio of 1.10 and a beta of 0.62.

E.On (OTCMKTS:EONGY – Get Rating) last issued its quarterly earnings data on Wednesday, May 11th. The utilities provider reported $0.29 EPS for the quarter. E.On had a net margin of 5.42% and a return on equity of 13.85%. The business had revenue of $33.11 billion during the quarter. Analysts anticipate that E.On Se will post 0.98 earnings per share for the current fiscal year.

E.On Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, May 23rd. Stockholders of record on Monday, May 16th were issued a dividend of $0.3799 per share. The ex-dividend date of this dividend was Friday, May 13th. This represents a dividend yield of 3.67%. E.On’s payout ratio is 17.92%.

E.On Company Profile

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E.ON SE operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, Belgium, 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.