Evergy, Inc. (NYSE:EVRG) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Evergy, Inc. (NYSE:EVRG) have been given an average recommendation of “Moderate Buy” by the eight research firms that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $61.00.

EVRG has been the topic of several research reports. Jefferies Financial Group assumed coverage on shares of Evergy in a research report on Thursday, September 19th. They issued a “buy” rating and a $70.00 price objective on the stock. Barclays upped their price objective on Evergy from $61.00 to $64.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 13th. UBS Group raised Evergy to a “hold” rating in a research report on Wednesday, September 18th. Finally, Wells Fargo & Company upped their price target on Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Wednesday.

Insider Activity at Evergy

In other Evergy news, SVP Charles A. Caisley sold 9,236 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $59.63, for a total value of $550,742.68. Following the completion of the sale, the senior vice president now owns 33,425 shares in the company, valued at $1,993,132.75. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Ann D. Murtlow sold 3,301 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $58.85, for a total transaction of $194,263.85. Following the transaction, the director now directly owns 2,847 shares of the company’s stock, valued at approximately $167,545.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Charles A. Caisley sold 9,236 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $59.63, for a total value of $550,742.68. Following the sale, the senior vice president now directly owns 33,425 shares of the company’s stock, valued at $1,993,132.75. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,884 shares of company stock valued at $941,810. 0.47% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Evergy

Large investors have recently modified their holdings of the stock. Novak & Powell Financial Services Inc. acquired a new position in shares of Evergy in the fourth quarter valued at approximately $371,000. Virtu Financial LLC bought a new position in Evergy during the 4th quarter worth $459,000. Syon Capital LLC bought a new position in Evergy during the 4th quarter worth $241,000. Goldman Sachs Group Inc. lifted its holdings in shares of Evergy by 14.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,083,875 shares of the company’s stock worth $56,578,000 after buying an additional 134,375 shares in the last quarter. Finally, Tucker Asset Management LLC boosted its position in shares of Evergy by 27.9% in the fourth quarter. Tucker Asset Management LLC now owns 1,713 shares of the company’s stock valued at $89,000 after acquiring an additional 374 shares during the period. 87.24% of the stock is owned by institutional investors.

Evergy Trading Up 0.6 %

NYSE EVRG opened at $61.12 on Friday. Evergy has a one year low of $47.46 and a one year high of $62.58. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.59 and a quick ratio of 0.35. The firm has a market cap of $14.05 billion, a P/E ratio of 19.78, a P/E/G ratio of 2.65 and a beta of 0.62. The stock’s 50-day moving average is $60.11 and its 200-day moving average is $56.14.

Evergy (NYSE:EVRG) last announced its earnings results on Friday, August 9th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.89 by $0.01. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. Evergy had a net margin of 13.12% and a return on equity of 8.50%. During the same period last year, the company posted $0.81 EPS. Sell-side analysts anticipate that Evergy will post 3.84 earnings per share for the current fiscal year.

Evergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Tuesday, August 20th were issued a $0.6425 dividend. This represents a $2.57 annualized dividend and a dividend yield of 4.20%. The ex-dividend date of this dividend was Tuesday, August 20th. Evergy’s payout ratio is presently 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.