Evergy, Inc. (NASDAQ:EVRG) Given Consensus Rating of “Buy” by Brokerages

Shares of Evergy, Inc. (NASDAQ:EVRG) have received a consensus recommendation of “Buy” from the seven research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $69.08.

EVRG has been the topic of several research analyst reports. Barclays increased their price objective on shares of Evergy from $62.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. LADENBURG THALM/SH SH raised shares of Evergy to a “strong-buy” rating in a report on Monday, March 17th. UBS Group boosted their price objective on Evergy from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Finally, Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd.

Institutional Investors Weigh In On Evergy

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Evergy by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 30,665,885 shares of the company’s stock valued at $1,887,485,000 after buying an additional 221,086 shares in the last quarter. Franklin Resources Inc. increased its stake in Evergy by 2.3% in the fourth quarter. Franklin Resources Inc. now owns 5,660,930 shares of the company’s stock valued at $348,430,000 after acquiring an additional 128,211 shares during the last quarter. Geode Capital Management LLC raised its position in Evergy by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 5,637,257 shares of the company’s stock valued at $346,063,000 after purchasing an additional 133,641 shares in the last quarter. American Century Companies Inc. lifted its stake in Evergy by 3.8% during the fourth quarter. American Century Companies Inc. now owns 3,555,122 shares of the company’s stock worth $218,818,000 after purchasing an additional 130,804 shares during the last quarter. Finally, Federated Hermes Inc. boosted its holdings in shares of Evergy by 2.2% in the 4th quarter. Federated Hermes Inc. now owns 3,434,216 shares of the company’s stock valued at $211,376,000 after purchasing an additional 73,066 shares in the last quarter. Institutional investors own 87.24% of the company’s stock.

Evergy Trading Down 4.4 %

Evergy stock opened at $66.18 on Friday. The stock has a 50-day simple moving average of $66.79 and a 200 day simple moving average of $63.57. The stock has a market capitalization of $15.22 billion, a P/E ratio of 17.89, a PEG ratio of 2.82 and a beta of 0.52. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. Evergy has a 52 week low of $49.55 and a 52 week high of $70.30.

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

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were paid a dividend of $0.6675 per share. The ex-dividend date was Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a yield of 4.03%. Evergy’s dividend payout ratio (DPR) is presently 70.45%.

Evergy Company Profile

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.