Evergy, Inc. (NYSE:EVRG) Receives $57.83 Consensus Target Price from Analysts

Shares of Evergy, Inc. (NYSE:EVRG) have been assigned an average rating of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $57.83.

EVRG has been the topic of a number of analyst reports. Barclays increased their price objective on shares of Evergy from $56.00 to $61.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 14th. Wells Fargo & Company increased their price objective on shares of Evergy from $57.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday, May 10th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in EVRG. Fidelis Capital Partners LLC bought a new position in Evergy in the 1st quarter valued at approximately $32,000. Toth Financial Advisory Corp raised its holdings in Evergy by 199.5% during the 1st quarter. Toth Financial Advisory Corp now owns 635 shares of the company’s stock worth $34,000 after purchasing an additional 423 shares during the last quarter. Hexagon Capital Partners LLC raised its holdings in Evergy by 222.2% during the 4th quarter. Hexagon Capital Partners LLC now owns 667 shares of the company’s stock worth $35,000 after purchasing an additional 460 shares during the last quarter. Rothschild Investment LLC bought a new position in Evergy during the 2nd quarter worth approximately $37,000. Finally, MV Capital Management Inc. raised its holdings in Evergy by 3,263.6% during the 4th quarter. MV Capital Management Inc. now owns 740 shares of the company’s stock worth $39,000 after purchasing an additional 718 shares during the last quarter. Institutional investors own 87.24% of the company’s stock.

Evergy Trading Up 0.7 %

EVRG stock opened at $60.16 on Monday. The company has a market capitalization of $13.83 billion, a PE ratio of 19.47, a price-to-earnings-growth ratio of 3.11 and a beta of 0.60. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.32 and a current ratio of 0.57. Evergy has a 52 week low of $46.92 and a 52 week high of $61.14. The company’s 50-day simple moving average is $54.21 and its 200 day simple moving average is $52.60.

Evergy (NYSE:EVRG) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.07). The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.35 billion. Evergy had a return on equity of 8.32% and a net margin of 12.84%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.59 earnings per share. As a group, sell-side analysts anticipate that Evergy will post 3.84 earnings per share for the current year.

Evergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Monday, May 20th were issued a $0.6425 dividend. The ex-dividend date of this dividend was Friday, May 17th. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.27%. Evergy’s dividend payout ratio (DPR) is currently 83.17%.

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.