Brokerages Set Evergy, Inc. (NASDAQ:EVRG) Price Target at $65.36

Evergy, Inc. (NASDAQ:EVRG) has been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and eight 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 $65.36.

A number of analysts have recently commented on EVRG shares. Barclays cut their price target on Evergy from $65.00 to $62.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. LADENBURG THALM/SH SH raised Evergy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $59.00 to $68.50 in a research note on Thursday, January 2nd. Mizuho started coverage on Evergy in a research note on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price target on the stock. Finally, Guggenheim raised Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd.

Hedge Funds Weigh In On Evergy

Institutional investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC lifted its stake in Evergy by 391.1% in the third quarter. HighTower Advisors LLC now owns 97,186 shares of the company’s stock valued at $6,030,000 after buying an additional 77,398 shares during the period. Bank of Montreal Can lifted its stake in Evergy by 29.1% in the third quarter. Bank of Montreal Can now owns 997,832 shares of the company’s stock valued at $61,806,000 after buying an additional 224,679 shares during the period. BNP Paribas Financial Markets lifted its stake in Evergy by 34.0% in the third quarter. BNP Paribas Financial Markets now owns 945,148 shares of the company’s stock valued at $58,609,000 after buying an additional 239,599 shares during the period. Hennion & Walsh Asset Management Inc. lifted its stake in Evergy by 23.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 10,692 shares of the company’s stock valued at $658,000 after buying an additional 2,004 shares during the period. Finally, SG Americas Securities LLC lifted its stake in Evergy by 15,406.4% in the fourth quarter. SG Americas Securities LLC now owns 921,546 shares of the company’s stock valued at $56,721,000 after buying an additional 915,603 shares during the period. 87.24% of the stock is owned by institutional investors and hedge funds.

Evergy Stock Performance

Shares of EVRG stock opened at $66.66 on Friday. The business’s 50-day moving average price is $62.73 and its 200-day moving average price is $61.61. Evergy has a 12 month low of $48.60 and a 12 month high of $67.89. The firm has a market capitalization of $15.33 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 2.75 and a beta of 0.66. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15.

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.