RWE Aktiengesellschaft (OTCMKTS:RWEOY) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of RWE Aktiengesellschaft (OTCMKTS:RWEOY) from a strong sell rating to a hold rating in a report issued on Saturday morning, Zacks.com reports.

According to Zacks, “RWE AG is among Europe’s five largest utilities. RWE is active in the generation and transmission as well as the sale and trading of electricity and gas. RWE is also active in the water business in Continental Europe. This integrated business model gives them a good position from which to take advantage of the rising demand for energy. RWE is the biggest power producer in Germany and No. 2 in the UK. RWE continues to expand its position in Central and South-Eastern Europe. Their comprehensive power plant portfolio and investment programme for the modernization and construction of new generation capacity are the basis for growing earnings in the future. RWE’s gas and oil production business is displaying above-average growth. In light of ever-higher global demand, RWE will steadily increase the share of gas it produces in-house. “

A number of other brokerages also recently commented on RWEOY. Credit Suisse Group reissued an outperform rating on shares of RWE Aktiengesellschaft in a research note on Friday, May 7th. Societe Generale raised shares of RWE Aktiengesellschaft from a hold rating to a buy rating in a research note on Thursday, March 4th. DZ Bank reissued a neutral rating on shares of RWE Aktiengesellschaft in a research note on Wednesday, May 12th. Deutsche Bank Aktiengesellschaft started coverage on shares of RWE Aktiengesellschaft in a research note on Friday, March 5th. They issued a buy rating for the company. Finally, Barclays reaffirmed an overweight rating on shares of RWE Aktiengesellschaft in a research report on Thursday, May 13th. Three research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Buy and an average target price of $45.00.

RWE Aktiengesellschaft stock opened at $38.82 on Friday. The company has a 50 day moving average price of $39.80 and a 200-day moving average price of $40.79. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.60 and a current ratio of 1.73. RWE Aktiengesellschaft has a fifty-two week low of $30.57 and a fifty-two week high of $47.45. The company has a market capitalization of $23.86 billion, a PE ratio of -30.57 and a beta of 0.77.

RWE Aktiengesellschaft (OTCMKTS:RWEOY) last posted its quarterly earnings results on Wednesday, May 12th. The utilities provider reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.93 by ($0.33). RWE Aktiengesellschaft had a net margin of 7.81% and a return on equity of 1.21%. On average, analysts forecast that RWE Aktiengesellschaft will post 1.89 earnings per share for the current year.

The business also recently disclosed a dividend, which was paid on Thursday, May 13th. Stockholders of record on Friday, April 30th were issued a dividend of $1.9081 per share. This represents a dividend yield of 4.62%. The ex-dividend date of this dividend was Thursday, April 29th. RWE Aktiengesellschaft’s dividend payout ratio (DPR) is presently -57.48%.

RWE Aktiengesellschaft Company Profile

RWE Aktiengesellschaft generates and supplies electricity from renewable and conventional sources primarily in Europe and the United States. It operates through five segments: Offshore Wind; Onshore Wind/Solar; Hydro/Biomass/Gas; Supply & Trading; and Coal/Nuclear. The company generates wind, solar, hydro, nuclear, gas, and biomass electricity.

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