Analysts Set Evergy, Inc. (NASDAQ:EVRG) PT at $66.79

Shares of Evergy, Inc. (NASDAQ:EVRG) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $68.42.

Several research firms have recently issued reports on EVRG. LADENBURG THALM/SH SH raised shares of Evergy from a “neutral” rating to a “buy” rating and raised their target price for the company from $59.00 to $68.50 in a research note on Thursday, January 2nd. Barclays raised their price objective on Evergy from $62.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Finally, Guggenheim raised Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd.

Institutional Trading of Evergy

Several institutional investors have recently added to or reduced their stakes in the stock. ExodusPoint Capital Management LP increased its position in shares of Evergy by 164.8% in the 4th quarter. ExodusPoint Capital Management LP now owns 2,312,953 shares of the company’s stock worth $142,362,000 after purchasing an additional 1,439,450 shares during the last quarter. Mizuho Securities USA LLC increased its holdings in Evergy by 7,234.3% in the third quarter. Mizuho Securities USA LLC now owns 1,300,000 shares of the company’s stock valued at $80,613,000 after buying an additional 1,282,275 shares during the last quarter. FMR LLC raised its stake in Evergy by 131.4% during the third quarter. FMR LLC now owns 2,004,414 shares of the company’s stock valued at $124,294,000 after buying an additional 1,138,138 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Evergy by 15,406.4% during the 4th quarter. SG Americas Securities LLC now owns 921,546 shares of the company’s stock worth $56,721,000 after buying an additional 915,603 shares during the last quarter. Finally, Brandes Investment Partners LP acquired a new position in shares of Evergy in the 4th quarter worth approximately $55,652,000. 87.24% of the stock is owned by institutional investors and hedge funds.

Evergy Price Performance

Shares of Evergy stock opened at $67.64 on Tuesday. The business’s fifty day moving average price is $65.17 and its 200 day moving average price is $62.87. Evergy has a twelve month low of $49.55 and a twelve month 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 stock has a market capitalization of $15.56 billion, a P/E ratio of 18.28, a PEG ratio of 2.82 and a beta of 0.62.

Evergy (NASDAQ:EVRG) last released its quarterly earnings data 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). The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. As a group, research analysts anticipate that Evergy will post 3.83 earnings per share for the current year.

Evergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 3.95%. The ex-dividend date is Monday, March 10th. Evergy’s dividend payout ratio (DPR) is currently 70.45%.

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.