|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||9.74 - 9.98|
|52 Week Range||8.11 - 12.58|
|Beta (5Y Monthly)||0.87|
|PE Ratio (TTM)||5.83|
|Forward Dividend & Yield||0.48 (4.66%)|
|Ex-Dividend Date||May 14, 2019|
|1y Target Est||12.57|
The affirmation of E.ON's ratings reflects the group's progress towards completion of the complex asset swap with RWE AG (RWE, Baa3 positive), announced in March 2018. The transaction received European Commission approval in September 2019, after which RWE transferred its 76.8% stake in Innogy (Baa2 stable) to E.ON in return for E.ON's renewable and certain other assets. Simultaneously, E.ON issued shares giving RWE a 16.7% stake in the company (subsequently reduced to 15%).
MILAN/FRANKFURT, March 26 (Reuters) - After a fortnight living in a mobile home compound built in just three days by his employer, Italian gas company Snam, Guido Debattisti is returning home. The 37-year-old is part of a team of engineers sealed off during two-week shifts to make sure gas taps stay open - and buildings warm - during a coronavirus epidemic that has killed more than 7,000 Italians and is sweeping Europe. "The team working in the dispatching centre - made up of six people for each shift, as well as two colleagues connected remotely via Skype video-conferences - has succeeded in carrying out all activities related to grid control," Debattisti told Reuters, before heading back to his home in nearby Pavia.
E.ON SE (EONGY) expects to post an earnings increase this year as Europe’s biggest energy network operator sees revenue coming from its takeover of Innogy.The German energy firm expects adjusted earnings before interest and tax (EBIT) to rise to 3.9-4.1 billion euros in 2020 from 3.2 billion euros last year. Adjusted net income for this year should come in at 1.7-1.9 billion euros, up from 1.5 billion.Overall 2 analysts, assigned a Hold rating to E.ON’s stock and 1 a Buy rating in the last three months, adding up to a Moderate Buy consensus rating. The 12-month average price target of $11.88 showcases a potential upside of 34% from current levels. (See E.ON’s stock analysis on TipRanks)“Focusing our investments on energy networks and embedded energy infrastructure for customers will enhance E.ON’s future resilience and ability to weather crises,” E.ON CFO Marc Spieker said.From the Innogy integration, E.ON expects synergies of €740 million from 2022 onward and €780 million from 2024 onward. Shareholders will be paid a dividend of €0.46 per share for 2019. The company plans to grow dividends by 5% annually up to 2022.“Overall, the energy industry doubtless won’t be as hard hit as other industries," E.ON CEO Johannes Teyssen said. “But we will still expect the crisis to leave its mark on our bottom line."Related News: Alphabet Stock Looks Undervalued at Current Levels, Says Top Analyst Follow the Top 25 Financial Bloggers with TipRanks With One Day to Go Before Micron’s Earnings, this Bull Cuts Estimates More recent articles from Smarter Analyst: * For Penny Investors, Biocept Stock Makes a Good Speculative Play * Qualcomm (QCOM) Stock Is a Buy at These Levels, Says 5-Star Analyst * Xerox Pulls Out of $35 Billion Hostile Bid For HP * Goldman Sachs Gives Employees 10 Days of Family Leave Due to Coronavirus Pandemic
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of E.ON SE and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.
E.ON (EONGY) seems to be a good value pick, as it has decent revenue metrics to back up its earnings, and is seeing solid earnings estimate revisions as well.
RWE, Germany's biggest power producer, will cut about 6,000 jobs, or nearly a third of its current workforce, by 2030 as the country moves to phase out brown coal as an energy source, the company said on Thursday. It also accelerates RWE's transformation into a pure renewables group, which - along with its low valuation - could turn it into a takeover target, Goldman Sachs said last week. RWE said it would receive 2.6 billion euros ($2.9 billion) in compensation from the government over 15 years to soften the blow to its business.
Germany will allow operators of coal power stations to keep their existing carbon emissions certificates after the units have been shut down, part of a compromise designed to reduce the cost to generators of a climate change package. Under plans seen by Reuters, the government will reduce by an equivalent amount the number of new certificates issued under a trading scheme that is designed to ensure that emitters of the greenhouse gas carbon dioxide pay for the environmental impact of their activities. The compromise means the government will earn less from the emissions trading scheme.
British Prime Minister Boris Johnson promised on Sunday "to get Brexit done", with his Conservative Party making an election pledge to bring his deal to leave the European Union back to parliament before Christmas. With Britain heading to the polls on Dec. 12, the governing Conservatives rolled out an election manifesto that promised more public sector spending and no further extensions to the protracted departure from the EU.
British Prime Minister Boris Johnson will promise to bring his Brexit deal back to parliament before Christmas when he launches his manifesto on Sunday, the cornerstone of his pitch to voters to "get Brexit done". Voters face a stark choice at the country's Dec. 12 election: opposition leader Jeremy Corbyn's socialist vision, including widespread nationalisation and free public services, or Johnson's drive to deliver Brexit within months and build a "dynamic market economy". Opinion polls show Johnson's Conservative Party commands a sizeable lead over the Labour Party, although large numbers of undecided voters means the outcome is not certain.
The German government will not force hard coal power plants to close over the next seven years, a draft law expected to be approved by the cabinet next week showed on Tuesday. The plan not to force hard coal plant closures before 2026 risks making Germany's coal exit more expensive as the government would have to give operators generous financial incentives to shut down facilities voluntarily. The new plan is a reversal for the government, which had stipulated in a previous blueprint that utilities would be forced to deactivate hard coal power plants by 2026 if not enough closures happen voluntarily.