Evergy, Inc. (NASDAQ:EVRG) Receives $66.79 Average PT from Analysts

Shares of Evergy, Inc. (NASDAQ:EVRG) have received an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $68.42.

A number of equities analysts have commented on EVRG shares. Barclays lifted their price objective on shares of Evergy from $62.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. LADENBURG THALM/SH SH raised shares of Evergy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $59.00 to $68.50 in a research report on Thursday, January 2nd. Finally, Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd.

Evergy Price Performance

Shares of EVRG opened at $67.45 on Tuesday. The company has a market cap of $15.51 billion, a price-to-earnings ratio of 18.23, a PEG ratio of 2.82 and a beta of 0.62. Evergy has a 1-year low of $49.55 and a 1-year high of $69.93. The company’s fifty day simple moving average is $65.02 and its 200 day simple moving average is $62.78. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15.

Evergy (NASDAQ:EVRG) last issued its earnings results on Thursday, February 27th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.11). The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. On average, research analysts forecast that Evergy will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be issued a $0.6675 dividend. The ex-dividend date is Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a yield of 3.96%. Evergy’s dividend payout ratio (DPR) is presently 70.45%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in EVRG. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Evergy during the 4th quarter worth approximately $1,728,000. Mackenzie Financial Corp grew its position in shares of Evergy by 38.3% during the 4th quarter. Mackenzie Financial Corp now owns 156,238 shares of the company’s stock worth $9,616,000 after buying an additional 43,289 shares during the period. Retirement Planning Group LLC grew its position in shares of Evergy by 0.9% during the 4th quarter. Retirement Planning Group LLC now owns 24,372 shares of the company’s stock worth $1,500,000 after buying an additional 210 shares during the period. Woodline Partners LP acquired a new stake in shares of Evergy during the 4th quarter worth approximately $850,000. Finally, iSAM Funds UK Ltd acquired a new stake in shares of Evergy during the 4th quarter worth approximately $840,000. Institutional investors own 87.24% of the company’s stock.

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.