Evergy, Inc. (NYSE:EVRG) Receives $57.83 Average Price Target from Brokerages

Shares of Evergy, Inc. (NYSE:EVRG) have earned a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $57.83.

A number of research analysts have issued reports on EVRG shares. Wells Fargo & Company increased their target price on shares of Evergy from $57.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, May 10th. Barclays increased their price objective on shares of Evergy from $56.00 to $61.00 and gave the company an “overweight” rating in a research note on Tuesday, May 14th.

Institutional Trading of Evergy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GPS Wealth Strategies Group LLC boosted its position in shares of Evergy by 12.3% in the second quarter. GPS Wealth Strategies Group LLC now owns 1,705 shares of the company’s stock worth $90,000 after buying an additional 187 shares during the period. Wealthspire Advisors LLC raised its position in shares of Evergy by 1.0% in the 1st quarter. Wealthspire Advisors LLC now owns 19,009 shares of the company’s stock valued at $1,015,000 after purchasing an additional 192 shares in the last quarter. Blue Trust Inc. grew its position in shares of Evergy by 16.3% during the second quarter. Blue Trust Inc. now owns 1,483 shares of the company’s stock worth $79,000 after buying an additional 208 shares in the last quarter. Keeley Teton Advisors LLC lifted its position in shares of Evergy by 0.6% during the first quarter. Keeley Teton Advisors LLC now owns 37,950 shares of the company’s stock worth $2,026,000 after purchasing an additional 210 shares during the last quarter. Finally, Global Retirement Partners LLC grew its stake in Evergy by 13.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,821 shares of the company’s stock worth $96,000 after purchasing an additional 216 shares in the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Evergy Stock Up 0.7 %

Shares of NYSE:EVRG opened at $60.16 on Monday. Evergy has a fifty-two week low of $46.92 and a fifty-two week high of $61.14. The company has a quick ratio of 0.32, a current ratio of 0.57 and a debt-to-equity ratio of 1.21. The firm’s 50-day simple moving average is $54.21 and its 200-day simple moving average is $52.60. The company has a market cap of $13.83 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 3.02 and a beta of 0.60.

Evergy (NYSE:EVRG) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.07). The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.35 billion. Evergy had a return on equity of 8.32% and a net margin of 12.84%. The company’s revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.59 EPS. As a group, equities research analysts predict that Evergy will post 3.84 earnings per share for the current year.

Evergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Monday, May 20th were paid a dividend of $0.6425 per share. This represents a $2.57 annualized dividend and a dividend yield of 4.27%. The ex-dividend date of this dividend was Friday, May 17th. Evergy’s payout ratio is 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.