Barclays Increases Evergy (NASDAQ:EVRG) Price Target to $73.00

Evergy (NASDAQ:EVRG) had its target price boosted by investment analysts at Barclays from $72.00 to $73.00 in a report issued on Tuesday, MarketBeat.com reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price suggests a potential upside of 7.04% from the stock’s current price.

EVRG has been the subject of a number of other research reports. Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. LADENBURG THALM/SH SH upgraded Evergy to a “strong-buy” rating in a research note on Monday, March 17th. Finally, UBS Group increased their target price on Evergy from $66.00 to $68.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Evergy has an average rating of “Buy” and a consensus target price of $69.25.

Evergy Trading Down 0.2 %

Shares of EVRG opened at $68.20 on Tuesday. Evergy has a 1-year low of $51.49 and a 1-year high of $70.30. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The firm’s 50-day moving average price is $67.25 and its 200-day moving average price is $64.08. The firm has a market capitalization of $15.69 billion, a price-to-earnings ratio of 18.43, a PEG ratio of 2.82 and a beta of 0.52.

Evergy (NASDAQ:EVRG) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.11). The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. Sell-side analysts anticipate that Evergy will post 3.83 EPS for the current year.

Institutional Investors Weigh In On Evergy

Institutional investors have recently modified their holdings of the business. Allworth Financial LP boosted its holdings in shares of Evergy by 84.6% during the 4th quarter. Allworth Financial LP now owns 7,975 shares of the company’s stock valued at $501,000 after acquiring an additional 3,654 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Evergy in the 4th quarter worth approximately $49,000. Hennion & Walsh Asset Management Inc. raised its stake in Evergy by 23.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 10,692 shares of the company’s stock valued at $658,000 after buying an additional 2,004 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Evergy by 15,406.4% during the 4th quarter. SG Americas Securities LLC now owns 921,546 shares of the company’s stock valued at $56,721,000 after buying an additional 915,603 shares during the period. Finally, Kingsview Wealth Management LLC purchased a new position in shares of Evergy in the 4th quarter worth $214,000. 87.24% of the stock is owned by hedge funds and other institutional investors.

About Evergy

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.