Evergy Inc. (NASDAQ:EVRG) Given Consensus Recommendation of “Moderate Buy” by Analysts

Evergy Inc. (NASDAQ:EVRGGet Free Report) has been given an average rating of “Moderate Buy” by the eleven brokerages that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $90.60.

A number of research analysts have recently weighed in on EVRG shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Evergy in a research report on Friday, August 7th. Citigroup increased their target price on shares of Evergy from $95.00 to $97.00 and gave the stock a “buy” rating in a report on Friday, July 24th. BMO Capital Markets raised their target price on shares of Evergy from $88.00 to $92.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. UBS Group lifted their price target on shares of Evergy from $88.00 to $91.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, Barclays upped their price target on shares of Evergy from $89.00 to $94.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 30th.

Get Our Latest Analysis on Evergy

Insider Buying and Selling at Evergy

In other news, Director Sandra Aj Lawrence sold 761 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $83.31, for a total transaction of $63,398.91. Following the completion of the transaction, the director owned 1,680 shares in the company, valued at $139,960.80. This trade represents a 31.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Charles A. Caisley sold 10,787 shares of Evergy stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $83.46, for a total value of $900,283.02. Following the completion of the sale, the executive vice president directly owned 37,789 shares in the company, valued at $3,153,869.94. This trade represents a 22.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 12,748 shares of company stock valued at $1,061,870 over the last ninety days. 1.52% of the stock is currently owned by corporate insiders.

Institutional Trading of Evergy

A number of large investors have recently added to or reduced their stakes in EVRG. Cullen Frost Bankers Inc. grew its holdings in Evergy by 4.9% during the 4th quarter. Cullen Frost Bankers Inc. now owns 316,511 shares of the company’s stock valued at $22,944,000 after purchasing an additional 14,907 shares during the last quarter. Vestcor Inc lifted its stake in Evergy by 49.6% in the fourth quarter. Vestcor Inc now owns 174,330 shares of the company’s stock worth $12,637,000 after purchasing an additional 57,795 shares during the last quarter. Greenland Capital Management LP purchased a new position in shares of Evergy during the second quarter valued at approximately $8,230,000. Qsemble Capital Management LP boosted its position in shares of Evergy by 295.4% during the fourth quarter. Qsemble Capital Management LP now owns 105,780 shares of the company’s stock valued at $7,668,000 after buying an additional 79,029 shares during the period. Finally, Fulcrum Asset Management LLP grew its stake in shares of Evergy by 119.1% during the fourth quarter. Fulcrum Asset Management LLP now owns 43,867 shares of the company’s stock valued at $3,180,000 after buying an additional 23,842 shares during the last quarter. Institutional investors own 87.24% of the company’s stock.

Evergy Trading Up 0.6%

NASDAQ:EVRG opened at $81.39 on Tuesday. The company has a market cap of $18.77 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 2.10 and a beta of 0.54. The company has a current ratio of 0.36, a quick ratio of 0.21 and a debt-to-equity ratio of 1.20. The company has a 50 day simple moving average of $84.73 and a two-hundred day simple moving average of $82.89. Evergy has a 12 month low of $70.42 and a 12 month high of $88.62.

Evergy (NASDAQ:EVRGGet Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.81 by $0.07. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.36 billion. Evergy had a return on equity of 9.20% and a net margin of 15.19%.During the same quarter in the previous year, the company posted $0.82 earnings per share. Research analysts forecast that Evergy will post 4.25 earnings per share for the current year.

Evergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, August 18th will be given a dividend of $0.695 per share. The ex-dividend date is Tuesday, August 18th. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.4%. Evergy’s dividend payout ratio is currently 70.56%.

Evergy Company Profile

(Get Free Report)

Evergy, Inc is a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers primarily across Kansas and western Missouri. The company provides core utility services including retail electric delivery, grid operations, customer service and outage restoration, operating under state regulatory frameworks. Evergy serves a mix of urban and rural communities, including portions of the Kansas City metropolitan area and other population centers in its service territory.

The company’s business activities span power generation, system planning, transmission and distribution infrastructure, and customer-facing programs such as energy efficiency and demand-side management.

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Analyst Recommendations for Evergy (NASDAQ:EVRG)

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