Evergy (NASDAQ:EVRG) Stock Price Expected to Rise, Barclays Analyst Says

Evergy (NASDAQ:EVRG - Free Report) had its price objective raised by Barclays from $72.00 to $73.00 in a research note published on Tuesday morning, Marketbeat Ratings reports. The firm currently has an overweight rating on the stock.

A number of other analysts also recently weighed in on EVRG. Guggenheim raised shares of Evergy from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. LADENBURG THALM/SH SH upgraded shares of Evergy to a "strong-buy" rating in a report on Monday, March 17th. Finally, UBS Group lifted their target price on shares of Evergy from $66.00 to $68.00 and gave the company a "neutral" rating in a report on Friday, March 21st. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Evergy has a consensus rating of "Buy" and a consensus target price of $69.25.

Evergy Trading Down 0.6 %

Shares of NASDAQ EVRG traded down $0.41 during midday trading on Tuesday, hitting $67.87. 201,425 shares of the company traded hands, compared to its average volume of 1,948,182. 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 12-month low of $51.69 and a 12-month high of $70.30. The stock has a 50-day moving average price of $67.28 and a 200 day moving average price of $64.14. The firm has a market cap of $15.61 billion, a P/E ratio of 18.34, a P/E/G ratio of 2.82 and a beta of 0.52.

Evergy (NASDAQ:EVRG - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported $0.35 earnings per share (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 firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. As a group, analysts expect that Evergy will post 3.83 earnings per share for the current year.

Evergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a $0.6675 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a yield of 3.93%. Evergy's payout ratio is currently 70.45%.

Institutional Trading of Evergy

A number of institutional investors and hedge funds have recently modified their holdings of EVRG. Vanguard Group Inc. raised its position in Evergy by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 30,665,885 shares of the company's stock worth $1,887,485,000 after buying an additional 221,086 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Evergy by 2.3% during the fourth quarter. Franklin Resources Inc. now owns 5,660,930 shares of the company's stock valued at $348,430,000 after purchasing an additional 128,211 shares during the last quarter. Geode Capital Management LLC lifted 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 during the period. American Century Companies Inc. boosted its holdings in Evergy by 3.8% in 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. grew its position in Evergy by 2.2% in the 4th quarter. Federated Hermes Inc. now owns 3,434,216 shares of the company's stock worth $211,376,000 after purchasing an additional 73,066 shares during the period. Institutional investors own 87.24% of the company's stock.

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.