Shares of Evergy, Inc. (NYSE:EVRG – Get Free Report) 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.
Get Our Latest Stock Report on EVRG
Insider Activity at Evergy
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 – Get Free Report) 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.
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