Evergy (NASDAQ:EVRG) Upgraded to Strong-Buy at LADENBURG THALM/SH SH

Evergy (NASDAQ:EVRG) was upgraded by stock analysts at LADENBURG THALM/SH SH to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

EVRG has been the topic of a number of other reports. Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Barclays upped their price target on shares of Evergy from $62.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $68.42.

Evergy Stock Performance

Shares of NASDAQ EVRG opened at $67.10 on Monday. The company has a market cap of $15.43 billion, a PE ratio of 18.14, a price-to-earnings-growth ratio of 2.82 and a beta of 0.62. Evergy has a 12 month low of $49.55 and a 12 month high of $69.93. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32. The company has a 50-day simple moving average of $65.30 and a 200-day simple moving average of $62.93.

Evergy (NASDAQ:EVRG) last released its 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 net margin of 14.77% and a return on equity of 8.77%. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. On average, equities analysts anticipate that Evergy will post 3.83 earnings per share for the current year.

Hedge Funds Weigh In On Evergy

A number of institutional investors and hedge funds have recently bought and sold shares of EVRG. CIBC Asset Management Inc lifted its stake in Evergy by 7.1% during the third quarter. CIBC Asset Management Inc now owns 39,139 shares of the company’s stock valued at $2,427,000 after buying an additional 2,581 shares in the last quarter. Empowered Funds LLC purchased a new stake in Evergy during the third quarter valued at about $226,000. Natixis Advisors LLC lifted its stake in Evergy by 1.1% during the third quarter. Natixis Advisors LLC now owns 85,855 shares of the company’s stock valued at $5,324,000 after buying an additional 939 shares in the last quarter. Swiss National Bank lifted its stake in Evergy by 0.3% during the third quarter. Swiss National Bank now owns 682,426 shares of the company’s stock valued at $42,317,000 after buying an additional 2,200 shares in the last quarter. Finally, Meeder Advisory Services Inc. lifted its stake in Evergy by 28.9% during the third quarter. Meeder Advisory Services Inc. now owns 11,029 shares of the company’s stock valued at $684,000 after buying an additional 2,473 shares in the last quarter. 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.