Evergy (NASDAQ:EVRG) Price Target Raised to $68.00

Evergy (NASDAQ:EVRG) had its price target hoisted by UBS Group from $66.00 to $68.00 in a research note published on Friday,Benzinga reports. They currently have a neutral rating on the stock.

EVRG has been the subject of a number of other reports. Barclays lifted their price target on Evergy from $62.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. LADENBURG THALM/SH SH upgraded shares of Evergy to a “strong-buy” rating in a research note on Monday, March 17th. Finally, Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $68.36.

Evergy Stock Performance

NASDAQ EVRG opened at $67.45 on Friday. 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 $69.93. The company has a market cap of $15.51 billion, a PE ratio of 18.23, a price-to-earnings-growth ratio of 2.82 and a beta of 0.62. The stock’s 50 day simple moving average is $65.73 and its 200-day simple moving average is $63.10.

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

Evergy Announces Dividend

The firm also recently announced 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. The ex-dividend date was Monday, March 10th. This represents a $2.67 annualized dividend and a yield of 3.96%. Evergy’s payout ratio is 70.45%.

Institutional Investors Weigh In On Evergy

A number of institutional investors have recently modified their holdings of EVRG. Lee Danner & Bass Inc. acquired a new stake in shares of Evergy during the 4th quarter worth approximately $26,000. National Pension Service acquired a new stake in Evergy in the fourth quarter worth $30,000. Bank of Jackson Hole Trust bought a new stake in Evergy in the fourth quarter valued at $31,000. Truvestments Capital LLC acquired a new position in shares of Evergy during the third quarter valued at $32,000. Finally, Colonial Trust Co SC bought a new position in shares of Evergy during the fourth quarter worth about $32,000. 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.