Shares of Evergy, Inc. (NYSE:EVRG – Get Free Report) 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.
View Our Latest Research Report on EVRG
Institutional Trading of Evergy
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 – Get Free Report) 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.
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