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

Shares of Evergy, Inc. (NYSE:EVRG) have been given a consensus rating of “Moderate Buy” by the seven ratings firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $56.00.

A number of analysts have commented on the stock. Bank of America upgraded shares of Evergy from a “neutral” rating to a “buy” rating and increased their price target for the company from $51.00 to $57.00 in a research note on Wednesday, March 13th. LADENBURG THALM/SH SH began coverage on shares of Evergy in a research note on Thursday, April 4th. They set a “neutral” rating and a $51.00 target price for the company. Guggenheim cut shares of Evergy from a “buy” rating to a “neutral” rating and set a $52.00 target price for the company. in a research note on Monday, January 22nd. Citigroup began coverage on shares of Evergy in a research note on Tuesday, March 26th. They set a “buy” rating and a $64.00 target price for the company. Finally, Barclays raised their target price on shares of Evergy from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, March 14th.

Hedge Funds Weigh In On Evergy

A number of hedge funds have recently bought and sold shares of the business. Moneta Group Investment Advisors LLC increased its position in Evergy by 201,851.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 93,428,842 shares of the company’s stock worth $5,879,477,000 after acquiring an additional 93,382,579 shares during the period. Vanguard Group Inc. increased its position in Evergy by 4.8% during the fourth quarter. Vanguard Group Inc. now owns 30,757,415 shares of the company’s stock worth $1,605,537,000 after acquiring an additional 1,399,199 shares during the period. State Street Corp increased its position in Evergy by 10.8% during the first quarter. State Street Corp now owns 13,874,020 shares of the company’s stock worth $948,151,000 after acquiring an additional 1,356,321 shares during the period. Price T Rowe Associates Inc. MD increased its position in Evergy by 3,322.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 10,433,440 shares of the company’s stock worth $637,693,000 after acquiring an additional 10,128,549 shares during the period. Finally, Invesco Ltd. increased its holdings in Evergy by 5.1% in the 3rd quarter. Invesco Ltd. now owns 5,379,004 shares of the company’s stock valued at $272,716,000 after buying an additional 261,664 shares during the period. 87.24% of the stock is owned by institutional investors.

Evergy Stock Up 1.6 %

Shares of EVRG stock opened at $51.76 on Friday. The firm has a fifty day moving average of $51.14 and a 200-day moving average of $50.89. The company has a quick ratio of 0.29, a current ratio of 0.51 and a debt-to-equity ratio of 1.14. Evergy has a 12-month low of $46.92 and a 12-month high of $63.84. The company has a market capitalization of $11.89 billion, a price-to-earnings ratio of 16.28, a P/E/G ratio of 2.63 and a beta of 0.57.

Evergy (NYSE:EVRG) last released its earnings results on Thursday, February 29th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.46 billion. Evergy had a net margin of 13.28% and a return on equity of 8.47%. During the same period last year, the business posted $0.30 EPS. As a group, equities research analysts predict that Evergy will post 3.84 earnings per share for the current fiscal year.

Evergy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were given a dividend of $0.6425 per share. This represents a $2.57 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date of this dividend was Friday, March 8th. Evergy’s dividend payout ratio is 80.82%.

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.