E.On Se (OTCMKTS:EONGY) Given Average Rating of “Hold” by Brokerages

E.On Se (OTCMKTS:EONGY) has earned a consensus rating of “Hold” from the seven brokerages that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company.

EONGY has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of E.On in a research note on Thursday, May 15th. DZ Bank lowered shares of E.On from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 23rd. Citigroup upgraded shares of E.On to a “hold” rating in a research report on Wednesday, May 28th. Oddo Bhf cut shares of E.On to a “neutral” rating in a research note on Thursday, May 15th. Finally, UBS Group cut shares of E.On from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 29th.

E.On Trading Down 0.7%

Shares of EONGY stock opened at $17.88 on Friday. The stock’s fifty day simple moving average is $17.29 and its 200 day simple moving average is $14.28. 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 firm has a market capitalization of $46.70 billion, a P/E ratio of 9.82, a P/E/G ratio of 6.32 and a beta of 0.78. E.On has a twelve month low of $10.65 and a twelve month high of $18.11.

E.On (OTCMKTS:EONGY) last announced its earnings results 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 net margin of 2.20% and a return on equity of 7.45%. The business had revenue of $28.28 billion during the quarter. As a group, sell-side analysts predict that E.On will post 1.16 EPS for the current fiscal year.

E.On Cuts Dividend

The firm also recently announced 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 payout ratio is currently 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.