Evergy, Inc. (NASDAQ:EVRG) Receives $69.08 Average PT from Brokerages

Shares of Evergy, Inc. (NASDAQ:EVRG - Get Free Report) have earned an average recommendation of "Buy" from the seven analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $69.08.

A number of research firms have recently issued reports on EVRG. Barclays increased their target price on Evergy from $62.00 to $72.00 and gave the company an "overweight" rating in a report on Friday, March 7th. LADENBURG THALM/SH SH upgraded shares of Evergy to a "strong-buy" rating in a research note on Monday, March 17th. 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 research note on Friday, March 21st. Finally, Guggenheim raised shares of Evergy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd.

Evergy Trading Down 0.6 %

Shares of Evergy stock traded down $0.41 on Friday, reaching $64.76. 693,728 shares of the company were exchanged, compared to its average volume of 1,939,097. Evergy has a fifty-two week low of $49.55 and a fifty-two week high of $70.30. The firm has a market capitalization of $14.89 billion, a price-to-earnings ratio of 17.51, a price-to-earnings-growth ratio of 2.82 and a beta of 0.52. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The stock has a fifty day moving average price of $66.88 and a 200-day moving average price of $63.68.

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Evergy (NASDAQ:EVRG - Get Free Report) last announced 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 firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. On average, analysts expect that Evergy will post 3.83 EPS for the current year.

Evergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.12%. The ex-dividend date was Monday, March 10th. Evergy's payout ratio is presently 70.45%.

Hedge Funds Weigh In On Evergy

Several hedge funds have recently bought and sold shares of the business. Hilltop Holdings Inc. acquired a new stake in Evergy in the 3rd quarter worth approximately $362,000. HighTower Advisors LLC lifted its position in Evergy by 391.1% in the third quarter. HighTower Advisors LLC now owns 97,186 shares of the company's stock worth $6,030,000 after purchasing an additional 77,398 shares during the period. Investment Management Corp of Ontario boosted its stake in Evergy by 46.1% during the third quarter. Investment Management Corp of Ontario now owns 7,606 shares of the company's stock worth $472,000 after buying an additional 2,400 shares in the last quarter. IHT Wealth Management LLC increased its holdings in Evergy by 50.4% in the 3rd quarter. IHT Wealth Management LLC now owns 9,874 shares of the company's stock valued at $611,000 after buying an additional 3,307 shares during the period. Finally, Quantinno Capital Management LP raised its stake in shares of Evergy by 5.5% in the 3rd quarter. Quantinno Capital Management LP now owns 105,489 shares of the company's stock valued at $6,541,000 after buying an additional 5,526 shares in the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.

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.