Evergy, Inc. (NYSE:EVRG) Receives $60.00 Consensus PT from Brokerages

Evergy, Inc. (NYSE:EVRG) has been given an average rating of “Moderate Buy” by the eight analysts that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $60.00.

A number of equities analysts recently weighed in on the company. UBS Group raised Evergy to a “hold” rating in a report on Wednesday, September 18th. Barclays raised their price target on Evergy from $61.00 to $64.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 13th. Finally, Jefferies Financial Group initiated coverage on Evergy in a research report on Thursday, September 19th. They set a “buy” rating and a $70.00 price target on the stock.

Evergy Stock Performance

NYSE:EVRG opened at $59.73 on Friday. The business’s 50-day moving average price is $59.96 and its two-hundred day moving average price is $55.97. Evergy has a twelve month low of $47.46 and a twelve month high of $62.58. The stock has a market cap of $13.73 billion, a P/E ratio of 19.33, a PEG ratio of 2.65 and a beta of 0.62. The company has a quick ratio of 0.35, a current ratio of 0.59 and a debt-to-equity ratio of 1.23.

Evergy (NYSE:EVRG) last announced its quarterly earnings data on Friday, August 9th. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Evergy had a return on equity of 8.50% and a net margin of 13.12%. During the same period last year, the firm posted $0.81 EPS. As a group, equities analysts predict that Evergy will post 3.84 EPS for the current fiscal year.

Evergy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Tuesday, August 20th were paid a $0.6425 dividend. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend was Tuesday, August 20th. Evergy’s payout ratio is presently 83.17%.

Insider Activity

In other Evergy news, SVP Charles A. Caisley sold 9,236 shares of Evergy 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 in the company, valued at approximately $1,993,132.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Charles A. Caisley sold 9,236 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $59.63, for a total value of $550,742.68. Following the completion of the transaction, the senior vice president now owns 33,425 shares in the company, valued at $1,993,132.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Heather A. Humphrey sold 3,347 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total value of $196,803.60. Following the completion of the transaction, the senior vice president now owns 35,314 shares of the company’s stock, valued at $2,076,463.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,884 shares of company stock worth $941,810 in the last quarter. 0.47% of the stock is owned by company insiders.

Institutional Trading of Evergy

Several large investors have recently modified their holdings of EVRG. Fairscale Capital LLC bought a new stake in Evergy during the second quarter valued at about $27,000. Hexagon Capital Partners LLC grew its holdings in Evergy by 47.1% during the third quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock valued at $33,000 after purchasing an additional 170 shares during the period. Fidelis Capital Partners LLC bought a new position in shares of Evergy in the first quarter worth about $32,000. Toth Financial Advisory Corp boosted its stake in shares of Evergy by 199.5% in the first quarter. Toth Financial Advisory Corp now owns 635 shares of the company’s stock worth $34,000 after acquiring an additional 423 shares during the period. Finally, Rothschild Investment LLC bought a new position in shares of Evergy in the second quarter worth about $37,000. Institutional investors own 87.24% of the company’s stock.

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.