Evergy, Inc. (NASDAQ:EVRG) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Evergy, Inc. (NASDAQ:EVRG - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eight ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $68.42.

A number of research firms recently issued reports on EVRG. Guggenheim raised Evergy from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. LADENBURG THALM/SH SH raised Evergy from a "neutral" rating to a "buy" rating and boosted their price target for the company from $59.00 to $68.50 in a research note on Thursday, January 2nd. Finally, Barclays raised 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.

Evergy Stock Up 0.5 %

NASDAQ:EVRG traded up $0.31 on Tuesday, hitting $66.61. 2,703,078 shares of the company's stock traded hands, compared to its average volume of 1,813,278. The firm has a 50-day moving average price of $64.80 and a 200-day moving average price of $62.67. 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 company has a market cap of $15.32 billion, a PE ratio of 18.00, a price-to-earnings-growth ratio of 2.82 and a beta of 0.62. Evergy has a 1 year low of $49.55 and a 1 year high of $69.93.

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Evergy (NASDAQ:EVRG - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.11). The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. Equities analysts anticipate that Evergy will post 3.83 EPS for the current fiscal year.

Evergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.67 annualized dividend and a yield of 4.01%. Evergy's dividend payout ratio (DPR) is currently 70.45%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EVRG. HighTower Advisors LLC boosted its holdings in Evergy by 391.1% during the third quarter. HighTower Advisors LLC now owns 97,186 shares of the company's stock valued at $6,030,000 after acquiring an additional 77,398 shares during the period. Allworth Financial LP lifted its position in shares of Evergy by 84.6% during the 4th quarter. Allworth Financial LP now owns 7,975 shares of the company's stock worth $501,000 after purchasing an additional 3,654 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Evergy by 34.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 945,148 shares of the company's stock valued at $58,609,000 after purchasing an additional 239,599 shares during the period. Bank of Montreal Can boosted its stake in Evergy by 29.1% during the 3rd quarter. Bank of Montreal Can now owns 997,832 shares of the company's stock valued at $61,806,000 after purchasing an additional 224,679 shares during the period. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in Evergy by 23.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 10,692 shares of the company's stock valued at $658,000 after buying an additional 2,004 shares during the last quarter. 87.24% of the stock is currently 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.