Evergy, Inc. (NASDAQ:EVRG) Receives $69.08 Average Target Price from Brokerages

Shares of Evergy, Inc. (NASDAQ:EVRG) have earned an average rating of “Buy” from the seven analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $69.08.

A number of research analysts have issued reports on the stock. LADENBURG THALM/SH SH raised shares of Evergy to a “strong-buy” rating in a report on Monday, March 17th. UBS Group lifted their price objective on shares of Evergy from $66.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Barclays increased their price target on Evergy from $62.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th.

Institutional Investors Weigh In On Evergy

A number of institutional investors have recently added to or reduced their stakes in the company. Miller Howard Investments Inc. NY raised its stake in shares of Evergy by 1.4% during the fourth quarter. Miller Howard Investments Inc. NY now owns 11,741 shares of the company’s stock valued at $723,000 after purchasing an additional 162 shares during the period. Quent Capital LLC raised its holdings in shares of Evergy by 4.6% in the 4th quarter. Quent Capital LLC now owns 3,692 shares of the company’s stock worth $227,000 after purchasing an additional 163 shares in the last quarter. Sunbelt Securities Inc. lifted its position in shares of Evergy by 2.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 7,778 shares of the company’s stock valued at $482,000 after acquiring an additional 168 shares in the last quarter. Stolper Co boosted its holdings in shares of Evergy by 0.5% during the first quarter. Stolper Co now owns 34,630 shares of the company’s stock worth $2,388,000 after purchasing an additional 169 shares during the period. Finally, Mather Group LLC. grew its stake in shares of Evergy by 5.7% in the 4th quarter. Mather Group LLC. now owns 3,231 shares of the company’s stock valued at $199,000 after buying an additional 173 shares in the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Evergy Trading Up 1.0 %

Shares of EVRG stock opened at $65.17 on Friday. The firm has a fifty day moving average price of $66.88 and a 200-day moving average price of $63.68. The company has a market cap of $14.99 billion, a price-to-earnings ratio of 17.61, a PEG ratio of 2.82 and a beta of 0.52. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32. Evergy has a 1 year low of $49.55 and a 1 year high of $70.30.

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

Evergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend was Monday, March 10th. Evergy’s dividend payout ratio is currently 70.45%.

About Evergy

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.