Evergy, Inc. (NYSE:EVRG) Receives $58.33 Average Price Target from Analysts

Shares of Evergy, Inc. (NYSE:EVRG) have received an average recommendation of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $60.00.

Several brokerages recently commented on EVRG. Barclays upped their price target on shares of Evergy from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Tuesday, August 13th. Jefferies Financial Group started coverage on Evergy in a report on Thursday. They issued a “buy” rating and a $70.00 target price for the company. Finally, UBS Group upgraded Evergy to a “hold” rating in a report on Wednesday.

Insiders Place Their Bets

In related news, Director Ann D. Murtlow sold 3,301 shares of Evergy stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $58.85, for a total transaction of $194,263.85. Following the completion of the sale, the director now directly owns 2,847 shares of the company’s stock, valued at $167,545.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Evergy news, Director Ann D. Murtlow sold 3,301 shares of Evergy stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $58.85, for a total transaction of $194,263.85. Following the transaction, the director now directly owns 2,847 shares in the company, valued at $167,545.95. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Charles A. Caisley sold 9,236 shares of the stock in a transaction dated 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 sale, 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 in the last 90 days. 0.47% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in EVRG. Sanctuary Advisors LLC bought a new stake in Evergy during the second quarter worth about $851,000. Cetera Investment Advisers raised its stake in shares of Evergy by 18.9% during the 2nd quarter. Cetera Investment Advisers now owns 61,253 shares of the company’s stock worth $3,245,000 after purchasing an additional 9,715 shares in the last quarter. Pathway Financial Advisers LLC boosted its holdings in shares of Evergy by 7.4% in the 2nd quarter. Pathway Financial Advisers LLC now owns 36,508 shares of the company’s stock valued at $1,931,000 after buying an additional 2,529 shares during the last quarter. Kimelman & Baird LLC bought a new position in shares of Evergy in the second quarter valued at $215,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Evergy by 17.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 17,040 shares of the company’s stock worth $903,000 after buying an additional 2,488 shares during the last quarter. Institutional investors own 87.24% of the company’s stock.

Evergy Trading Up 0.9 %

Shares of NYSE EVRG opened at $61.65 on Tuesday. 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 has a 12 month low of $46.92 and a 12 month high of $62.24. The company has a market cap of $14.18 billion, a price-to-earnings ratio of 19.95, a P/E/G ratio of 3.12 and a beta of 0.62. The business has a fifty day simple moving average of $58.63 and a 200-day simple moving average of $54.92.

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

Evergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Tuesday, August 20th were given a $0.6425 dividend. This represents a $2.57 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date was Tuesday, August 20th. Evergy’s dividend payout ratio (DPR) is 83.17%.

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.