Evergy, Inc. (NYSE:EVRG) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Evergy, Inc. (NYSE:EVRG) have been assigned an average rating of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $58.33.

Separately, Barclays upped their price objective on Evergy from $61.00 to $64.00 and gave the company an “overweight” rating in a research note on Tuesday, August 13th.

Insiders Place Their Bets

In other Evergy news, Director Ann D. Murtlow sold 3,301 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $58.85, for a total value of $194,263.85. Following the completion of the sale, the director now 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 this link. In other news, Director Ann D. Murtlow sold 3,301 shares of the firm’s 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 of the company’s stock, valued at $167,545.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Heather A. Humphrey sold 3,347 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $58.80, for a total value of $196,803.60. Following the completion of the sale, the senior vice president now directly owns 35,314 shares of the company’s stock, valued at approximately $2,076,463.20. The disclosure for this sale can be found here. Insiders sold a total of 15,884 shares of company stock valued at $941,810 over the last 90 days. Insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Sanctuary Advisors LLC bought a new stake in shares of Evergy in the 2nd quarter worth approximately $851,000. Cetera Investment Advisers increased its position in Evergy by 18.9% during the 2nd quarter. Cetera Investment Advisers now owns 61,253 shares of the company’s stock valued at $3,245,000 after purchasing an additional 9,715 shares during the period. Pathway Financial Advisers LLC raised its holdings in Evergy by 7.4% in the 2nd quarter. Pathway Financial Advisers LLC now owns 36,508 shares of the company’s stock worth $1,931,000 after purchasing an additional 2,529 shares in the last quarter. Kimelman & Baird LLC purchased a new stake in shares of Evergy in the 2nd quarter worth about $215,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Evergy by 17.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 17,040 shares of the company’s stock valued at $903,000 after purchasing an additional 2,488 shares in the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Evergy Price Performance

Shares of EVRG opened at $62.01 on Tuesday. The firm has a market cap of $14.26 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 3.12 and a beta of 0.62. Evergy has a 52-week low of $46.92 and a 52-week high of $62.24. The business’s 50 day moving average price is $57.86 and its two-hundred day moving average price is $54.54. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.35 and a current ratio of 0.59.

Evergy (NYSE:EVRG) last issued its earnings results 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. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.32 billion. Evergy had a net margin of 13.12% and a return on equity of 8.50%. During the same period in the prior year, the firm earned $0.81 earnings per share. On average, equities analysts anticipate that Evergy will post 3.85 EPS for the current year.

Evergy Announces Dividend

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

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.