E.On (OTCMKTS:EONGY) Sets New 52-Week High – What’s Next?

E.On Se (OTCMKTS:EONGY) reached a new 52-week high on Tuesday . The stock traded as high as $22.3199 and last traded at $22.24, with a volume of 12258 shares changing hands. The stock had previously closed at $21.90.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Zacks Research downgraded shares of E.On from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. Bank of America lowered E.On from a “buy” rating to a “neutral” rating in a research note on Thursday, February 5th. Berenberg Bank lowered shares of E.On from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Wall Street Zen cut shares of E.On from a “hold” rating to a “sell” rating in a research note on Wednesday, January 14th. Finally, Citigroup reaffirmed a “neutral” rating on shares of E.On in a research note on Friday, February 6th. Two research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

E.On Stock Up 4.1%

The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.79 and a current ratio of 0.85. The company’s 50-day moving average is $20.37 and its 200-day moving average is $19.04.

E.On (OTCMKTS:EONGY) last posted its earnings results on Wednesday, February 25th. The utilities provider reported $0.33 EPS for the quarter, meeting analysts’ consensus estimates of $0.33. The company had revenue of $24.95 billion for the quarter. E.On had a net margin of 3.61% and a return on equity of 11.86%. As a group, equities research analysts predict that E.On Se will post 1.16 earnings per share for the current year.

About E.On

E.ON SE is a Germany-based energy company headquartered in Essen that focuses on energy networks and customer solutions. The company owns and operates electricity and gas distribution networks, supplies energy to residential and commercial customers, and develops services and technologies aimed at energy efficiency, decentralised generation and electrification. E.ON’s business model emphasizes regulated network operations and customer-facing services rather than large-scale conventional power generation.

Key offerings include grid operation and maintenance, retail supply of electricity and gas, energy contracting and efficiency solutions for business customers, and a range of digital services such as smart metering, energy management and e-mobility charging infrastructure.