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Is E.ON (EONGY) Stock Outpacing Its Utilities Peers This Year?

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For those looking to find strong Utilities stocks, it is prudent to search for companies in the group that are outperforming their peers. Is E.ON SE (EONGY - Free Report) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Utilities sector should help us answer this question.

E.ON SE is a member of our Utilities group, which includes 104 different companies and currently sits at #8 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. E.ON SE is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for EONGY's full-year earnings has moved 1.3% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.

Based on the latest available data, EONGY has gained about 1.8% so far this year. At the same time, Utilities stocks have lost an average of 0.8%. This shows that E.ON SE is outperforming its peers so far this year.

Another Utilities stock, which has outperformed the sector so far this year, is Vivendi SA (VIVHY - Free Report) . The stock has returned 1.1% year-to-date.

For Vivendi SA, the consensus EPS estimate for the current year has increased 5.9% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).

To break things down more, E.ON SE belongs to the Utility - Electric Power industry, a group that includes 58 individual companies and currently sits at #165 in the Zacks Industry Rank. This group has gained an average of 0.1% so far this year, so EONGY is performing better in this area.

On the other hand, Vivendi SA belongs to the Diversified Communication Services industry. This 13-stock industry is currently ranked #66. The industry has moved -3.5% year to date.

E.ON SE and Vivendi SA could continue their solid performance, so investors interested in Utilities stocks should continue to pay close attention to these stocks.


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