Analysts Set Evergy, Inc. (NASDAQ:EVRG) PT at $66.79

Shares of Evergy, Inc. (NASDAQ:EVRG) have earned a consensus rating of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $68.42.

A number of equities research analysts recently weighed in on EVRG shares. Barclays boosted their price objective on Evergy from $62.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Guggenheim upgraded shares of Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, LADENBURG THALM/SH SH upgraded shares of Evergy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $59.00 to $68.50 in a research report on Thursday, January 2nd.

Hedge Funds Weigh In On Evergy

Several institutional investors have recently made changes to their positions in EVRG. HighTower Advisors LLC increased its position in Evergy by 391.1% in the 3rd 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 in the last quarter. Allworth Financial LP increased its holdings in shares of Evergy by 84.6% during the fourth quarter. Allworth Financial LP now owns 7,975 shares of the company’s stock valued at $501,000 after acquiring an additional 3,654 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Evergy by 34.0% during the third quarter. BNP Paribas Financial Markets now owns 945,148 shares of the company’s stock valued at $58,609,000 after acquiring an additional 239,599 shares in the last quarter. Bank of Montreal Can raised its position in shares of Evergy by 29.1% during the third quarter. Bank of Montreal Can now owns 997,832 shares of the company’s stock worth $61,806,000 after purchasing an additional 224,679 shares during the period. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Evergy by 23.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 10,692 shares of the company’s stock worth $658,000 after purchasing an additional 2,004 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Stock Up 0.5 %

Shares of NASDAQ EVRG opened at $66.61 on Tuesday. The company has a market cap of $15.32 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 2.82 and a beta of 0.62. 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 has a 12 month low of $49.55 and a 12 month high of $69.93. The stock has a 50-day moving average price of $64.80 and a two-hundred day moving average price of $62.67.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.11). The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. As a group, analysts forecast that Evergy will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date is Monday, March 10th. Evergy’s payout ratio is 70.45%.

About Evergy

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.