Evergy, Inc. (NASDAQ:EVRG) Receives Consensus Rating of “Moderate Buy” from Analysts

Evergy, Inc. (NASDAQ:EVRG) has received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $65.36.

Several equities analysts have issued reports on the company. LADENBURG THALM/SH SH upgraded Evergy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $59.00 to $68.50 in a research note on Thursday, January 2nd. Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Mizuho initiated coverage on Evergy in a research note on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price target on the stock. Finally, Barclays dropped their price target on Evergy from $65.00 to $62.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th.

Institutional Investors Weigh In On Evergy

A number of institutional investors and hedge funds have recently modified their holdings of EVRG. Lee Danner & Bass Inc. acquired a new stake in shares of Evergy during the fourth quarter worth about $26,000. National Pension Service acquired a new stake in shares of Evergy during the fourth quarter worth about $30,000. Bank of Jackson Hole Trust acquired a new stake in shares of Evergy during the fourth quarter worth about $31,000. Truvestments Capital LLC acquired a new stake in shares of Evergy during the third quarter worth about $32,000. Finally, Sandy Spring Bank lifted its holdings in shares of Evergy by 5,983.3% during the fourth quarter. Sandy Spring Bank now owns 730 shares of the company’s stock worth $45,000 after purchasing an additional 718 shares during the period. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Price Performance

EVRG opened at $66.89 on Friday. The business’s 50-day moving average is $62.66 and its two-hundred day moving average is $61.49. Evergy has a 1 year low of $48.60 and a 1 year high of $67.06. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32. The firm has a market capitalization of $15.38 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 2.75 and a beta of 0.66.

About Evergy

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.