Evergy Inc. (NASDAQ:EVRG) Receives $73.19 Average Target Price from Analysts

Evergy Inc. (NASDAQ:EVRG) has been given a consensus rating of “Buy” by the nine analysts that are covering the firm, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $73.19.

Several brokerages have recently weighed in on EVRG. UBS Group upgraded shares of Evergy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $68.00 to $78.00 in a research report on Monday, April 28th. LADENBURG THALM/SH SH raised shares of Evergy to a “strong-buy” rating in a report on Thursday, May 8th. Citigroup lifted their target price on shares of Evergy from $77.00 to $79.00 and gave the company a “buy” rating in a report on Friday, May 16th. Wall Street Zen cut shares of Evergy from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. Finally, Barclays cut their target price on shares of Evergy from $73.00 to $71.00 and set an “overweight” rating on the stock in a report on Friday, May 30th.

Evergy Trading Up 0.5%

NASDAQ EVRG opened at $68.07 on Monday. Evergy has a one year low of $54.76 and a one year high of $70.36. The firm has a 50 day simple moving average of $67.27 and a 200-day simple moving average of $66.40. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.29 and a current ratio of 0.55. The firm has a market cap of $15.66 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 2.94 and a beta of 0.50.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.12). Evergy had a return on equity of 8.84% and a net margin of 14.87%. The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. Equities research analysts anticipate that Evergy will post 3.83 EPS for the current fiscal year.

Evergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, May 23rd were given a $0.6675 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.67 annualized dividend and a dividend yield of 3.92%. Evergy’s dividend payout ratio is presently 70.26%.

Institutional Trading of Evergy

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bfsg LLC purchased a new position in shares of Evergy during the 1st quarter valued at approximately $25,000. Lee Danner & Bass Inc. acquired a new stake in shares of Evergy in the fourth quarter worth $26,000. Colonial Trust Co SC acquired a new stake in shares of Evergy in the fourth quarter worth $32,000. Alpine Bank Wealth Management acquired a new stake in shares of Evergy in the first quarter worth $32,000. Finally, Olde Wealth Management LLC acquired a new stake in shares of Evergy in the first quarter worth $32,000. Institutional investors and hedge funds 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.