Evergy, Inc. (NYSE:EVRG) Receives Average Rating of “Moderate Buy” from Analysts

Evergy, Inc. (NYSE:EVRG) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $57.83.

EVRG has been the subject of a number of research reports. Barclays lifted their target price on shares of Evergy from $56.00 to $61.00 and gave the company an “overweight” rating in a research note on Tuesday, May 14th. Wells Fargo & Company lifted their price objective on shares of Evergy from $57.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, May 10th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Fidelis Capital Partners LLC bought a new position in shares of Evergy during the 1st quarter worth about $32,000. Toth Financial Advisory Corp increased its holdings in shares of Evergy by 199.5% during the 1st quarter. Toth Financial Advisory Corp now owns 635 shares of the company’s stock worth $34,000 after purchasing an additional 423 shares during the period. Hexagon Capital Partners LLC increased its holdings in shares of Evergy by 222.2% during the 4th quarter. Hexagon Capital Partners LLC now owns 667 shares of the company’s stock worth $35,000 after purchasing an additional 460 shares during the period. Rothschild Investment LLC bought a new position in shares of Evergy during the 2nd quarter worth about $37,000. Finally, MV Capital Management Inc. increased its holdings in shares of Evergy by 3,263.6% during the 4th quarter. MV Capital Management Inc. now owns 740 shares of the company’s stock worth $39,000 after purchasing an additional 718 shares during the period. Institutional investors own 87.24% of the company’s stock.

Evergy Trading Up 0.7 %

NYSE EVRG opened at $60.16 on Monday. Evergy has a twelve month low of $46.92 and a twelve month high of $61.14. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.32 and a current ratio of 0.57. The stock has a market cap of $13.83 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 3.11 and a beta of 0.60. The firm’s 50 day moving average price is $54.21 and its two-hundred day moving average price is $52.60.

Evergy (NYSE:EVRG) last issued its earnings results on Thursday, May 9th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.07). The company had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.35 billion. Evergy had a net margin of 12.84% and a return on equity of 8.32%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the business earned $0.59 EPS. Equities analysts anticipate that Evergy will post 3.84 EPS for the current year.

Evergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Monday, May 20th were given a dividend of $0.6425 per share. This represents a $2.57 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date was Friday, May 17th. Evergy’s dividend payout ratio is 83.17%.

Evergy Company Profile

Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in the United States. The company generates electricity through coal, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources. It serves residences, commercial firms, industrials, municipalities, and other electric utilities.