E.On (OTCMKTS:EONGY) Sets New 12-Month High – Still a Buy?

E.On Se (OTCMKTS:EONGY) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $23.58 and last traded at $23.53, with a volume of 144068 shares traded. The stock had previously closed at $22.77.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on EONGY shares. DZ Bank lowered E.On from a “hold” rating to a “strong sell” rating in a report on Thursday, February 26th. Bank of America lowered E.On from a “buy” rating to a “neutral” rating in a research report on Thursday, February 5th. Berenberg Bank downgraded E.On from a “buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Wall Street Zen lowered E.On from a “hold” rating to a “sell” rating in a research report on Wednesday, January 14th. Finally, Citigroup reiterated a “neutral” rating on shares of E.On in a research note on Friday, February 6th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold”.

E.On Stock Performance

The stock has a market cap of $61.45 billion, a P/E ratio of 31.80, a P/E/G ratio of 4.40 and a beta of 0.80. The firm has a 50 day moving average of $21.39 and a two-hundred day moving average of $19.46. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.79 and a current ratio of 0.85.

E.On (OTCMKTS:EONGY) last issued its quarterly earnings results on Wednesday, February 25th. The utilities provider reported $0.33 EPS for the quarter, hitting the consensus estimate of $0.33. E.On had a return on equity of 12.27% and a net margin of 2.20%.The company had revenue of $24.95 billion for the quarter. On average, research analysts predict that E.On Se will post 1.16 EPS for the current fiscal year.

E.On Company Profile

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.