Evergy, Inc. (NYSE:EVRG) Given Average Rating of “Moderate Buy” by Brokerages

Evergy, Inc. (NYSE:EVRG) has been assigned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $56.00.

EVRG has been the topic of several recent research reports. Guggenheim lowered shares of Evergy from a “buy” rating to a “neutral” rating and set a $52.00 price target on the stock. in a research report on Monday, January 22nd. Barclays lifted their price target on shares of Evergy from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, March 14th. Bank of America upgraded shares of Evergy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $51.00 to $57.00 in a research report on Wednesday, March 13th. LADENBURG THALM/SH SH initiated coverage on shares of Evergy in a research report on Thursday, April 4th. They set a “neutral” rating and a $51.00 price objective on the stock. Finally, Citigroup initiated coverage on shares of Evergy in a research report on Tuesday, March 26th. They set a “buy” rating and a $64.00 price objective on the stock.

Institutional Investors Weigh In On Evergy

A number of institutional investors have recently modified their holdings of EVRG. Moneta Group Investment Advisors LLC boosted its stake in shares of Evergy by 201,851.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 93,428,842 shares of the company’s stock valued at $5,879,477,000 after buying an additional 93,382,579 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Evergy by 3,322.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,433,440 shares of the company’s stock valued at $637,693,000 after purchasing an additional 10,128,549 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in shares of Evergy by 1,038.7% in the 4th quarter. Point72 Asset Management L.P. now owns 3,612,200 shares of the company’s stock valued at $188,557,000 after purchasing an additional 3,294,967 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Evergy by 984.0% in the 4th quarter. Millennium Management LLC now owns 3,150,082 shares of the company’s stock valued at $198,235,000 after purchasing an additional 2,859,476 shares during the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of Evergy in the 4th quarter valued at $89,832,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Price Performance

NYSE EVRG opened at $51.76 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.51 and a quick ratio of 0.29. The firm has a market capitalization of $11.89 billion, a PE ratio of 16.28, a P/E/G ratio of 2.63 and a beta of 0.57. Evergy has a 12 month low of $46.92 and a 12 month high of $63.84. The company’s 50 day simple moving average is $51.14 and its 200 day simple moving average is $50.89.

Evergy (NYSE:EVRG) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.03). The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.46 billion. Evergy had a return on equity of 8.47% and a net margin of 13.28%. During the same quarter last year, the firm posted $0.30 EPS. As a group, equities research analysts forecast that Evergy will post 3.84 EPS for the current fiscal year.

Evergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 11th were paid a dividend of $0.6425 per share. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date was Friday, March 8th. Evergy’s dividend payout ratio (DPR) is currently 80.82%.

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.