Evergy, Inc. (NYSE:EVRG) Receives $61.88 Average Price Target from Analysts

Shares of Evergy, Inc. (NYSE:EVRG) have been assigned an average rating of “Moderate Buy” from the nine research firms that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $61.88.

Several research firms have recently weighed in on EVRG. Wells Fargo & Company increased their price objective on Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. UBS Group upgraded shares of Evergy to a “hold” rating in a research note on Wednesday, September 18th. Mizuho initiated coverage on shares of Evergy in a research note on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price objective on the stock. Barclays decreased their target price on shares of Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, October 21st. Finally, Jefferies Financial Group initiated coverage on Evergy in a research report on Thursday, September 19th. They issued a “buy” rating and a $70.00 price target on the stock.

Insider Transactions at Evergy

In other Evergy news, SVP Charles A. Caisley sold 9,236 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $59.63, for a total value of $550,742.68. Following the transaction, the senior vice president now directly owns 33,425 shares in the company, valued at approximately $1,993,132.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Evergy 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 directly owns 33,425 shares in the company, valued at approximately $1,993,132.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Heather A. Humphrey sold 3,347 shares of the firm’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 sale, the senior vice president now owns 35,314 shares in the company, valued at $2,076,463.20. This trade 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 valued at $941,810 over the last three months. 3.26% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Evergy

A number of large investors have recently bought and sold shares of EVRG. Fairscale Capital LLC acquired a new position in shares of Evergy in the 2nd quarter valued at about $27,000. Hexagon Capital Partners LLC lifted its position 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 buying an additional 170 shares in the last quarter. Fidelis Capital Partners LLC purchased a new stake in Evergy during the first quarter worth approximately $32,000. Rothschild Investment LLC acquired a new stake in shares of Evergy in the second quarter worth $37,000. Finally, Hantz Financial Services Inc. acquired a new stake in shares of Evergy in the second quarter worth $41,000. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Evergy Stock Up 1.8 %

Shares of NYSE:EVRG opened at $62.51 on Wednesday. Evergy has a fifty-two week low of $47.97 and a fifty-two week high of $62.58. The firm’s 50 day moving average price is $60.78 and its 200 day moving average price is $57.10. The company has a quick ratio of 0.35, a current ratio of 0.59 and a debt-to-equity ratio of 1.23. The stock has a market cap of $14.37 billion, a price-to-earnings ratio of 19.47, a price-to-earnings-growth ratio of 2.66 and a beta of 0.62.

Evergy (NYSE:EVRG) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.07. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Evergy had a return on equity of 8.50% and a net margin of 13.12%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.88 EPS. As a group, equities research analysts predict that Evergy will post 3.84 earnings per share for the current fiscal year.

Evergy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, November 21st will be given a dividend of $0.6675 per share. This is an increase from Evergy’s previous quarterly dividend of $0.64. This represents a $2.67 annualized dividend and a dividend yield of 4.27%. The ex-dividend date of this dividend is Thursday, November 21st. Evergy’s payout ratio is currently 80.06%.

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.