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

Shares of E.On Se (OTCMKTS:EONGY) saw unusually-high trading volume on Wednesday. Approximately 747,567 shares were traded during trading, an increase of 250% from the average daily volume of 213,390 shares. The stock last traded at $20.98 and had previously closed at $20.69.

Wall Street Analyst Weigh In

EONGY has been the topic of several research analyst reports. Sanford C. Bernstein raised shares of E.On to a “strong-buy” rating in a report on Wednesday, October 21st. Jefferies Financial Group upgraded shares of E.On from a “hold” rating to a “buy” rating in a report on Sunday, August 2nd. UBS Group raised shares of E.On from a “hold” rating to a “buy” rating in a research note on Monday, September 7th. Morgan Stanley reiterated an “overweight” rating on shares of E.On in a research report on Friday, July 3rd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of E.On in a report on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, E.On presently has an average rating of “Moderate Buy”.

E.On Stock Up 1.2%

The stock has a market cap of $54.76 billion, a P/E ratio of 13.96, a price-to-earnings-growth ratio of 4.81 and a beta of 0.68. The company’s fifty day moving average price is $19.96 and its 200-day moving average price is $21.16. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.90 and a current ratio of 0.96.

E.On (OTCMKTS:EONGY) last posted its quarterly earnings data on Wednesday, August 12th. The utilities provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.10). The firm had revenue of $18.89 billion for the quarter, compared to the consensus estimate of $40.44 billion. E.On had a return on equity of 11.35% and a net margin of 4.49%. Equities analysts forecast that E.On Se will post 1.23 EPS for the current year.

About E.On

E.ON SE is a Germany-based energy company focused on operating energy networks and providing customer-oriented energy solutions. Its activities include electricity and gas distribution networks, energy supply, retail services, and solutions that support the transition to a lower-carbon energy system.

The company serves residential, commercial, industrial, and public-sector customers primarily across Europe. Its offerings include electricity and natural gas supply, energy-management services, distributed energy solutions, infrastructure for electric mobility, and services related to energy efficiency and renewable energy integration.

E.ON was created in 2000 through the merger of German utility groups VEBA and VIAG.