Evergy (NASDAQ:EVRG) Price Target Raised to $72.00

Evergy (NASDAQ:EVRG) had its price objective boosted by Barclays from $62.00 to $72.00 in a research note published on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other research firms have also recently commented on EVRG. LADENBURG THALM/SH SH upgraded Evergy from a “neutral” rating to a “buy” rating and raised their target price for the company from $59.00 to $68.50 in a research report on Thursday, January 2nd. Guggenheim upgraded shares of Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Evergy currently has a consensus rating of “Moderate Buy” and an average price target of $66.79.

Evergy Stock Performance

EVRG stock opened at $65.80 on Friday. Evergy has a 1 year low of $49.55 and a 1 year high of $69.93. The stock has a market capitalization of $15.13 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 2.82 and a beta of 0.62. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The stock’s fifty day moving average is $64.55 and its two-hundred day moving average is $62.54.

Evergy (NASDAQ:EVRG) last posted 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 firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. On average, research analysts predict that Evergy will post 3.83 EPS for the current year.

Evergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be given a dividend of $0.6675 per share. The ex-dividend date is Monday, March 10th. This represents a $2.67 annualized dividend and a dividend yield of 4.06%. Evergy’s dividend payout ratio (DPR) is 70.45%.

Institutional Trading of Evergy

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Lee Danner & Bass Inc. acquired a new position in Evergy in the fourth quarter worth approximately $26,000. National Pension Service bought a new stake in shares of Evergy during the 4th quarter worth $30,000. Bank of Jackson Hole Trust acquired a new position in shares of Evergy in the 4th quarter worth $31,000. Truvestments Capital LLC acquired a new stake in shares of Evergy during the third quarter worth $32,000. Finally, Colonial Trust Co SC acquired a new stake in shares of Evergy during the fourth quarter worth $32,000. 87.24% of the stock is currently owned by 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.