Brokerages Set Evergy, Inc. (NYSE:EVRG) PT at $58.33

Evergy, Inc. (NYSE:EVRG) has been given an average rating of “Moderate Buy” by the seven brokerages that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $58.33.

Several equities research analysts recently commented on the stock. Wells Fargo & Company increased 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. Barclays increased their price target on shares of Evergy from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Tuesday, August 13th.

Insider Activity

In other Evergy news, SVP Heather A. Humphrey sold 3,347 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total transaction of $196,803.60. Following the transaction, the senior vice president now owns 35,314 shares of the company’s stock, valued at approximately $2,076,463.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Ann D. Murtlow sold 3,301 shares of Evergy stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $58.85, for a total value of $194,263.85. Following the transaction, the director now owns 2,847 shares in the company, valued at $167,545.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Heather A. Humphrey sold 3,347 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total value of $196,803.60. Following the sale, the senior vice president now owns 35,314 shares of the company’s stock, valued at $2,076,463.20. The disclosure for this sale can be found here. Company insiders own 0.47% of the company’s stock.

Hedge Funds Weigh In On Evergy

Several hedge funds and other institutional investors have recently modified their holdings of the company. Fairscale Capital LLC purchased a new position in Evergy in the second quarter valued at approximately $27,000. Fidelis Capital Partners LLC purchased a new position in shares of Evergy in the 1st quarter valued at $32,000. Toth Financial Advisory Corp lifted 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 valued at $34,000 after acquiring an additional 423 shares in the last quarter. Hexagon Capital Partners LLC boosted its position in 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. Finally, Rothschild Investment LLC acquired a new stake in Evergy in the 2nd quarter valued at $37,000. 87.24% of the stock is owned by institutional investors and hedge funds.

Evergy Trading Down 0.1 %

Shares of EVRG opened at $58.71 on Friday. The firm’s 50-day moving average is $56.27 and its two-hundred day moving average is $53.71. Evergy has a twelve month low of $46.92 and a twelve month high of $61.14. The company has a current ratio of 0.57, a quick ratio of 0.32 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $13.50 billion, a P/E ratio of 19.00, a PEG ratio of 3.11 and a beta of 0.60.

Evergy (NYSE:EVRG) last released its quarterly earnings data on Friday, August 9th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.01. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.32 billion. Evergy had a return on equity of 8.32% and a net margin of 12.84%. During the same period last year, the business posted $0.81 EPS. On average, research analysts predict that Evergy will post 3.84 earnings per share for the current fiscal year.

Evergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Tuesday, August 20th will be issued a dividend of $0.6425 per share. The ex-dividend date is Tuesday, August 20th. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.38%. Evergy’s dividend payout ratio (DPR) 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.