Evergy, Inc. (NYSE:EVRG) Receives $58.33 Average Price Target from Analysts

Evergy, Inc. (NYSE:EVRG) has earned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $58.33.

EVRG has been the subject of several recent research reports. Barclays upped their price target on Evergy from $61.00 to $64.00 and gave the company an “overweight” rating in a report on Tuesday, August 13th. Wells Fargo & Company upped their target price on Evergy from $57.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, May 10th.

Insider Activity at Evergy

In other Evergy news, Director Ann D. Murtlow sold 3,301 shares of the stock in a transaction on Tuesday, August 13th. The stock was 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 directly owns 2,847 shares in the company, valued at $167,545.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other 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 sale, the director now owns 2,847 shares of the company’s stock, valued at $167,545.95. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Heather A. Humphrey sold 3,347 shares of Evergy stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $58.80, for a total transaction of $196,803.60. Following the completion of the transaction, the senior vice president now owns 35,314 shares of the company’s stock, valued at approximately $2,076,463.20. The disclosure for this sale can be found here. 0.47% of the stock is owned by insiders.

Institutional Trading of Evergy

Several large investors have recently made changes to their positions in the business. International Assets Investment Management LLC acquired a new position in Evergy during the 4th quarter worth about $23,900,000. Louisiana State Employees Retirement System bought a new stake in shares of Evergy during the fourth quarter valued at approximately $726,000. abrdn plc grew its stake in shares of Evergy by 15.6% during the fourth quarter. abrdn plc now owns 76,481 shares of the company’s stock valued at $3,992,000 after purchasing an additional 10,297 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Evergy by 309.5% in the fourth quarter. Signaturefd LLC now owns 4,095 shares of the company’s stock valued at $214,000 after purchasing an additional 3,095 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Evergy by 85.3% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 41,076 shares of the company’s stock worth $2,144,000 after purchasing an additional 18,910 shares during the last quarter. Institutional investors own 87.24% of the company’s stock.

Evergy Trading Down 0.1 %

Shares of EVRG stock opened at $58.71 on Friday. The firm has a market capitalization of $13.50 billion, a P/E ratio of 19.00, a price-to-earnings-growth ratio of 3.11 and a beta of 0.60. Evergy has a 1 year low of $46.92 and a 1 year high of $61.14. The firm’s fifty day simple moving average is $56.27 and its 200 day simple moving average is $53.71. The company has a current ratio of 0.57, a quick ratio of 0.32 and a debt-to-equity ratio of 1.21.

Evergy (NYSE:EVRG) last posted its quarterly earnings data on Friday, August 9th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.01. Evergy had a net margin of 12.84% and a return on equity of 8.32%. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the firm posted $0.81 EPS. As a group, sell-side analysts predict that Evergy will post 3.84 EPS for the current year.

Evergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Tuesday, August 20th will be given a dividend of $0.6425 per share. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $2.57 annualized dividend and a dividend yield of 4.38%. Evergy’s dividend payout ratio (DPR) is presently 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.