Evergy, Inc. (NYSE:EVRG) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Evergy, Inc. (NYSE:EVRGGet Free Report) have earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $57.00.

Several research analysts recently weighed in on EVRG shares. Bank of America upgraded Evergy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $51.00 to $57.00 in a research report on Wednesday, March 13th. Barclays lifted their price target on Evergy from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. Guggenheim cut Evergy from a “buy” rating to a “neutral” rating and set a $52.00 price target for the company. in a research report on Monday, January 22nd. Citigroup began coverage on Evergy in a research report on Tuesday, March 26th. They set a “buy” rating and a $64.00 price target for the company. Finally, Wells Fargo & Company dropped their price objective on Evergy from $60.00 to $57.00 and set an “overweight” rating on the stock in a report on Friday, March 1st.

Read Our Latest Stock Report on Evergy

Evergy Trading Up 0.6 %

Shares of NYSE:EVRG opened at $53.38 on Tuesday. Evergy has a 52-week low of $46.92 and a 52-week high of $63.93. The stock has a market cap of $12.26 billion, a price-to-earnings ratio of 16.79, a PEG ratio of 2.45 and a beta of 0.56. The company has a quick ratio of 0.29, a current ratio of 0.51 and a debt-to-equity ratio of 1.14. The business has a 50-day moving average price of $50.61 and a 200-day moving average price of $50.97.

Evergy (NYSE:EVRGGet Free Report) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.03). The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Evergy had a return on equity of 8.47% and a net margin of 13.28%. During the same quarter in the previous year, the business earned $0.30 earnings per share. Equities analysts predict that Evergy will post 3.83 EPS for the current year.

Evergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 11th were issued a $0.6425 dividend. This represents a $2.57 annualized dividend and a yield of 4.81%. The ex-dividend date of this dividend was Friday, March 8th. Evergy’s payout ratio is currently 80.82%.

Institutional Trading of Evergy

A number of institutional investors have recently made changes to their positions in EVRG. Moneta Group Investment Advisors LLC boosted its stake in shares of Evergy by 201,851.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 93,428,842 shares of the company’s stock worth $5,879,477,000 after acquiring an additional 93,382,579 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Evergy by 3,322.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,433,440 shares of the company’s stock worth $637,693,000 after acquiring an additional 10,128,549 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in shares of Evergy by 1,038.7% in the fourth quarter. Point72 Asset Management L.P. now owns 3,612,200 shares of the company’s stock worth $188,557,000 after acquiring an additional 3,294,967 shares during the last quarter. Millennium Management LLC boosted its stake in shares of Evergy by 984.0% in the fourth quarter. Millennium Management LLC now owns 3,150,082 shares of the company’s stock worth $198,235,000 after acquiring an additional 2,859,476 shares during the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Evergy in the fourth quarter worth approximately $89,832,000. 87.24% of the stock is owned by institutional investors and hedge funds.

Evergy Company Profile

(Get Free Report

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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Analyst Recommendations for Evergy (NYSE:EVRG)

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