Eni S.p.A. (NYSE:E – Get Free Report) announced a quarterly dividend on Wednesday, June 5th, Zacks reports. Shareholders of record on Tuesday, September 24th will be given a dividend of 0.372 per share by the oil and gas exploration company on Monday, October 7th. This represents a $1.49 annualized dividend and a yield of 4.64%. The ex-dividend date is Tuesday, September 24th. This is an increase from ENI’s previous quarterly dividend of $0.35.
ENI has raised its dividend payment by an average of 16.3% per year over the last three years. ENI has a dividend payout ratio of 48.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect ENI to earn $4.34 per share next year, which means the company should continue to be able to cover its $2.17 annual dividend with an expected future payout ratio of 50.0%.
ENI Price Performance
Shares of NYSE E opened at $32.05 on Monday. ENI has a 52 week low of $28.82 and a 52 week high of $34.30. The company has a quick ratio of 1.09, a current ratio of 1.28 and a debt-to-equity ratio of 0.42. The firm has a market cap of $54.10 billion, a P/E ratio of 13.81, a P/E/G ratio of 1.26 and a beta of 0.96. The business’s 50 day moving average price is $31.46 and its 200 day moving average price is $31.54.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on E shares. Morgan Stanley raised shares of ENI from an “equal weight” rating to an “overweight” rating and set a $39.60 price target on the stock in a report on Thursday, August 29th. Stifel Nicolaus cut ENI from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Redburn Atlantic upgraded ENI from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 25th. StockNews.com cut ENI from a “buy” rating to a “hold” rating in a research report on Friday, September 13th. Finally, BNP Paribas upgraded ENI from an “underperform” rating to a “neutral” rating in a research report on Friday, September 13th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, ENI has an average rating of “Hold” and a consensus price target of $39.60.
Get Our Latest Stock Analysis on ENI
About ENI
Eni S.p.A. operates as an integrated energy company worldwide. The company engages in exploration, development, extracting, manufacturing, and marketing crude oil and natural gas, oil-based fuels, chemical products, and gas-fired power, as well as energy products from renewable sources. It operates through Exploration & Production; Global Gas & LNG Portfolio (GGP); Enilive, Refining and Chemicals; Plenitude & Power; and Corporate and Other Activities segments.
See Also
- Five stocks we like better than ENI
- What Are Dividend Achievers? An Introduction
- See Why Oracle’s Cloud Infrastructure Growth Demands Attention
- Stock Market Holidays 2022-2025 – Here’s When the NYSE and NASDAQ Will be Closed
- Darden Restaurants Is on the Verge of a Significant Breakout
- Are Penny Stocks a Good Fit for Your Portfolio?
- Onsemi Could Be Set Up For a Solid Rebound: Here’s Why
Receive News & Ratings for ENI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ENI and related companies with MarketBeat.com's FREE daily email newsletter.