UBS Group Issues Positive Forecast for Evergy (NASDAQ:EVRG) Stock Price

Evergy (NASDAQ:EVRG) had its target price boosted by UBS Group from $66.00 to $68.00 in a report published on Friday,Benzinga reports. They currently have a neutral rating on the stock.

Several other research analysts have also weighed in on the company. Barclays upped their target price on Evergy from $62.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Guggenheim raised Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, LADENBURG THALM/SH SH upgraded Evergy to a “strong-buy” rating in a research note on Monday, March 17th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $68.36.

Evergy Stock Down 0.8 %

NASDAQ:EVRG opened at $67.45 on Friday. The firm has a market capitalization of $15.51 billion, a price-to-earnings ratio of 18.23, a PEG ratio of 2.82 and a beta of 0.62. Evergy has a 1-year low of $49.55 and a 1-year high of $69.93. 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 business’s fifty day moving average price is $65.73 and its 200 day moving average price is $63.05.

Evergy (NASDAQ:EVRG) last issued its 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). Evergy had a return on equity of 8.77% and a net margin of 14.77%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. On average, sell-side analysts forecast that Evergy will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a dividend of $0.6675 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.67 annualized dividend and a yield of 3.96%. Evergy’s payout ratio is 70.45%.

Institutional Trading of Evergy

Hedge funds have recently added to or reduced their stakes in the business. Lee Danner & Bass Inc. bought a new stake in Evergy during the 4th quarter valued at approximately $26,000. National Pension Service bought a new stake in Evergy during the 4th quarter valued at approximately $30,000. Bank of Jackson Hole Trust bought a new stake in Evergy during the 4th quarter valued at approximately $31,000. Truvestments Capital LLC bought a new stake in Evergy during the 3rd quarter valued at approximately $32,000. Finally, Colonial Trust Co SC bought a new stake in Evergy during the 4th quarter valued at approximately $32,000. Institutional investors own 87.24% of the company’s stock.

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.