Evergy (NYSE:EVRG) Price Target Cut to $65.00

Evergy (NYSE:EVRG) had its target price dropped by analysts at Barclays from $67.00 to $65.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target points to a potential upside of 5.67% from the company’s current price.

EVRG has been the subject of a number of other reports. UBS Group upgraded shares of Evergy to a “hold” rating in a report on Wednesday, September 18th. Jefferies Financial Group initiated coverage on Evergy in a research note on Thursday, September 19th. They set a “buy” rating and a $70.00 price target for the company. Finally, Wells Fargo & Company lifted their target price on Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $61.14.

Evergy Trading Up 0.5 %

EVRG opened at $61.51 on Monday. The company has a current ratio of 0.59, a quick ratio of 0.35 and a debt-to-equity ratio of 1.23. Evergy has a 12 month low of $47.46 and a 12 month high of $62.58. The firm’s fifty day simple moving average is $60.22 and its 200 day simple moving average is $56.32. The stock has a market capitalization of $14.14 billion, a P/E ratio of 19.91, a P/E/G ratio of 2.65 and a beta of 0.62.

Evergy (NYSE:EVRG) last released its quarterly earnings results on Friday, August 9th. The company reported $0.90 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the company posted $0.81 EPS. As a group, research analysts anticipate that Evergy will post 3.84 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Charles A. Caisley sold 9,236 shares of the stock in a transaction that occurred 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 owns 33,425 shares of the company’s stock, valued at approximately $1,993,132.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Evergy news, Director Ann D. Murtlow sold 3,301 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $58.85, for a total transaction of $194,263.85. Following the completion of the transaction, the director now owns 2,847 shares of the company’s stock, valued at approximately $167,545.95. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Charles A. Caisley sold 9,236 shares of the business’s stock in a transaction that occurred 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,884 shares of company stock worth $941,810. 0.47% of the stock is currently owned by company insiders.

Institutional Trading of Evergy

Several institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP increased its position in shares of Evergy by 12.8% during the 4th quarter. Wellington Management Group LLP now owns 249,422 shares of the company’s stock valued at $13,020,000 after purchasing an additional 28,392 shares during the last quarter. Riverview Trust Co bought a new position in Evergy in the 1st quarter worth $43,000. Kingswood Wealth Advisors LLC grew its holdings in Evergy by 7.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 4,573 shares of the company’s stock valued at $244,000 after purchasing an additional 300 shares during the period. Sunbelt Securities Inc. increased its position in Evergy by 105.1% in the first quarter. Sunbelt Securities Inc. now owns 7,611 shares of the company’s stock worth $406,000 after buying an additional 3,901 shares in the last quarter. Finally, Brookstone Capital Management raised its stake in shares of Evergy by 18.3% in the first quarter. Brookstone Capital Management now owns 23,945 shares of the company’s stock worth $1,278,000 after buying an additional 3,699 shares during the period. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

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.