UBS Group Raises Evergy (NASDAQ:EVRG) Price Target to $68.00

Evergy (NASDAQ:EVRG) had its target price hoisted by equities research analysts at UBS Group from $66.00 to $68.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price target would suggest a potential upside of 0.82% from the company’s previous close.

Several other equities analysts have also issued reports on the company. Guggenheim raised Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Barclays upped their target price on Evergy from $62.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Finally, LADENBURG THALM/SH SH raised Evergy to a “strong-buy” rating in a report on Monday, March 17th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $68.36.

Evergy Stock Performance

EVRG stock opened at $67.45 on Friday. The firm has a market cap of $15.51 billion, a PE ratio of 18.23, a P/E/G ratio of 2.82 and a beta of 0.62. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. The business has a 50 day moving average of $65.73 and a 200-day moving average of $63.08. Evergy has a 12-month low of $49.55 and a 12-month high of $69.93.

Evergy (NASDAQ:EVRG) last released its earnings results on Thursday, February 27th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.11). The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. As a group, sell-side analysts expect that Evergy will post 3.83 earnings per share for the current year.

Hedge Funds Weigh In On Evergy

Several institutional investors and hedge funds have recently bought and sold shares of the company. Miller Howard Investments Inc. NY boosted its holdings in shares of Evergy by 1.4% in the fourth quarter. Miller Howard Investments Inc. NY now owns 11,741 shares of the company’s stock worth $723,000 after acquiring an additional 162 shares during the period. Quent Capital LLC boosted its holdings in shares of Evergy by 4.6% in the fourth quarter. Quent Capital LLC now owns 3,692 shares of the company’s stock worth $227,000 after acquiring an additional 163 shares during the period. Sunbelt Securities Inc. boosted its holdings in shares of Evergy by 2.2% in the third quarter. Sunbelt Securities Inc. now owns 7,778 shares of the company’s stock worth $482,000 after acquiring an additional 168 shares during the period. Mather Group LLC. boosted its holdings in shares of Evergy by 5.7% in the fourth quarter. Mather Group LLC. now owns 3,231 shares of the company’s stock worth $199,000 after acquiring an additional 173 shares during the period. Finally, Wealthcare Advisory Partners LLC boosted its holdings in shares of Evergy by 2.5% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 7,322 shares of the company’s stock worth $451,000 after acquiring an additional 182 shares during the period. 87.24% of the stock is owned by institutional investors.

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.