Evergy (NYSE:EVRG) Reaches New 52-Week High at $62.44

Evergy, Inc. (NYSE:EVRG)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $62.44 and last traded at $62.19, with a volume of 294010 shares traded. The stock had previously closed at $62.00.

Analyst Ratings Changes

Several brokerages recently weighed in on EVRG. Jefferies Financial Group assumed coverage on shares of Evergy in a report on Thursday, September 19th. They issued a “buy” rating and a $70.00 price objective on the stock. UBS Group raised shares of Evergy to a “hold” rating in a research report on Wednesday, September 18th. Finally, Barclays raised their price target on shares of Evergy from $61.00 to $64.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 13th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Evergy currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

Evergy Stock Up 0.1 %

The firm has a market capitalization of $14.27 billion, a price-to-earnings ratio of 20.06, a P/E/G ratio of 3.12 and a beta of 0.62. The stock has a fifty day moving average of $58.79 and a two-hundred day moving average of $55.03. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.59 and a quick ratio of 0.35.

Evergy (NYSE:EVRG) last posted its earnings results on Friday, August 9th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.89 by $0.01. Evergy had a net margin of 13.12% and a return on equity of 8.50%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the firm posted $0.81 earnings per share. Sell-side analysts anticipate that Evergy, Inc. will post 3.85 earnings per share for the current year.

Evergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Tuesday, August 20th were given a dividend of $0.6425 per share. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend was Tuesday, August 20th. Evergy’s dividend payout ratio is currently 83.17%.

Insider Buying and Selling at Evergy

In other news, SVP Charles A. Caisley sold 9,236 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $59.63, for a total transaction of $550,742.68. Following the completion of the transaction, the senior vice president now directly owns 33,425 shares in the company, valued at approximately $1,993,132.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Heather A. Humphrey sold 3,347 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $58.80, for a total transaction of $196,803.60. Following the sale, the senior vice president now owns 35,314 shares in the company, valued at approximately $2,076,463.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Charles A. Caisley sold 9,236 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $59.63, for a total transaction of $550,742.68. Following the completion of the transaction, the senior vice president now owns 33,425 shares of the company’s stock, valued at $1,993,132.75. The disclosure for this sale can be found here. Insiders have sold a total of 15,884 shares of company stock valued at $941,810 over the last three months. 0.47% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Evergy

Hedge funds and other institutional investors have recently modified their holdings of the company. Fairscale Capital LLC bought a new stake in Evergy in the second quarter worth $27,000. Fidelis Capital Partners LLC purchased a new position in shares of Evergy in the 1st quarter valued at approximately $32,000. Toth Financial Advisory Corp boosted its position in shares of Evergy by 199.5% during the first quarter. Toth Financial Advisory Corp now owns 635 shares of the company’s stock valued at $34,000 after purchasing an additional 423 shares in the last quarter. Rothschild Investment LLC purchased a new stake in Evergy in the second quarter worth $37,000. Finally, Hantz Financial Services Inc. purchased a new stake in shares of Evergy in the 2nd quarter worth about $41,000. 87.24% of the stock is currently owned by hedge funds and other 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.