Evergy, Inc. (NYSE:EVRG) Given Consensus Recommendation of “Hold” by Analysts

Evergy, Inc. (NYSE:EVRG – Get Rating) has been assigned a consensus rating of “Hold” from the seven research firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating and two have issued a hold rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $62.20.

Several equities research analysts recently issued reports on EVRG shares. TheStreet downgraded Evergy from a “b” rating to a “c+” rating in a report on Thursday, February 23rd. Bank of America raised their price objective on shares of Evergy from $55.00 to $59.00 and gave the stock an “underperform” rating in a research report on Friday, April 14th. Finally, Wells Fargo & Company reduced their price target on shares of Evergy from $69.00 to $66.00 and set an “equal weight” rating for the company in a research report on Monday, January 30th.

Evergy Trading Down 0.1 %

Shares of Evergy stock opened at $62.37 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.31 and a debt-to-equity ratio of 1.06. The firm’s 50 day simple moving average is $61.10 and its two-hundred day simple moving average is $61.16. Evergy has a 12-month low of $54.12 and a 12-month high of $71.58. The firm has a market capitalization of $14.33 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 3.32 and a beta of 0.50.

Evergy (NYSE:EVRG – Get Rating) last released its earnings results on Friday, May 5th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. Evergy had a return on equity of 9.13% and a net margin of 13.03%. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the company posted $0.58 earnings per share. Analysts predict that Evergy will post 3.6 EPS for the current year.

Evergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Friday, May 19th will be given a $0.6125 dividend. This represents a $2.45 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend is Thursday, May 18th. Evergy’s payout ratio is currently 73.13%.

Insider Transactions at Evergy

In related news, COO Kevin E. Bryant sold 22,500 shares of Evergy stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $59.81, for a total value of $1,345,725.00. Following the sale, the chief operating officer now directly owns 32,993 shares in the company, valued at approximately $1,973,311.33. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 3.08% of the company’s stock.

Hedge Funds Weigh In On Evergy

A number of institutional investors and hedge funds have recently bought and sold shares of EVRG. Moneta Group Investment Advisors LLC boosted its stake in Evergy by 201,851.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 93,428,842 shares of the company’s stock valued at $5,879,477,000 after purchasing an additional 93,382,579 shares in the last quarter. Millennium Management LLC lifted its stake in Evergy by 984.0% in the 4th quarter. Millennium Management LLC now owns 3,150,082 shares of the company’s stock worth $198,235,000 after acquiring an additional 2,859,476 shares in the last quarter. Federated Hermes Inc. lifted its stake in Evergy by 29,020.3% in the 1st quarter. Federated Hermes Inc. now owns 2,068,121 shares of the company’s stock worth $126,404,000 after acquiring an additional 2,061,019 shares in the last quarter. Deutsche Bank AG increased its stake in Evergy by 377.8% in the 4th quarter. Deutsche Bank AG now owns 1,793,975 shares of the company’s stock valued at $112,895,000 after buying an additional 1,418,528 shares during the period. Finally, State Street Corp increased its stake in Evergy by 10.8% in the 1st quarter. State Street Corp now owns 13,874,020 shares of the company’s stock valued at $948,151,000 after buying an additional 1,356,321 shares during the period. Institutional investors own 83.84% of the company’s stock.

Evergy Company Profile

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Evergy, Inc is a holding company, which engages in the provision of electricity through its subsidiaries. It focuses on the regulation of electric utilities and development of electric transmission projects. The company was founded in 2017 and is headquartered in Kansas City, MO.