E.On (OTCMKTS:EONGY) Sees Large Volume Increase – Here’s Why

E.On Se (OTCMKTS:EONGY – Get Free Report) shares saw an uptick in trading volume on Friday . 867,299 shares traded hands during mid-day trading, an increase of 316% from the previous session’s volume of 208,361 shares.The stock last traded at $21.09 and had previously closed at $21.09.

Analyst Ratings Changes

Several research firms recently issued reports on EONGY. Bank of America cut E.On from a “buy” rating to a “neutral” rating in a report on Thursday, February 5th. Morgan Stanley reiterated an “overweight” rating on shares of E.On in a report on Thursday, May 14th. Citigroup reiterated a “neutral” rating on shares of E.On in a report on Friday, February 6th. DZ Bank upgraded E.On from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 13th. Finally, Zacks Research cut E.On from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 5th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

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E.On Price Performance

The stock’s 50 day simple moving average is $21.93 and its two-hundred day simple moving average is $20.78. The firm has a market capitalization of $55.13 billion, a PE ratio of 13.78, a price-to-earnings-growth ratio of 4.76 and a beta of 0.71. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.74 and a current ratio of 0.79.

E.On (OTCMKTS:EONGY – Get Free Report) last issued its earnings results on Wednesday, May 13th. The utilities provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.11. The company had revenue of $25.55 billion during the quarter, compared to analysts’ expectations of $35.38 billion. E.On had a return on equity of 12.71% and a net margin of 4.58%. On average, sell-side analysts forecast that E.On Se will post 1.25 EPS for the current year.

About E.On

(Get Free Report)

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.

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