Evergy, Inc. (NASDAQ:EVRG - Get Free Report)'s share price reached a new 52-week high during trading on Thursday . The company traded as high as $65.60 and last traded at $65.52, with a volume of 2284856 shares changing hands. The stock had previously closed at $64.97.
Analyst Upgrades and Downgrades
Several brokerages have commented on EVRG. Mizuho initiated coverage on shares of Evergy in a research report on Tuesday, October 29th. They set an "outperform" rating and a $67.00 target price on the stock. LADENBURG THALM/SH SH upgraded shares of Evergy from a "neutral" rating to a "buy" rating and upped their target price for the stock from $59.00 to $68.50 in a research report on Thursday, January 2nd. Wells Fargo & Company increased their target price on shares of Evergy from $65.00 to $69.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. Guggenheim upgraded Evergy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Finally, Barclays dropped their price objective on Evergy from $65.00 to $62.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $65.36.
View Our Latest Report on Evergy
Evergy Trading Up 0.9 %
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 business has a 50 day moving average of $62.47 and a 200-day moving average of $61.35. The stock has a market cap of $15.13 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 2.75 and a beta of 0.66.
Evergy (NASDAQ:EVRG - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.95 by $0.07. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $2.35 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. Evergy's revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.88 earnings per share. On average, analysts anticipate that Evergy, Inc. will post 3.84 EPS for the current year.
Insiders Place Their Bets
In related news, EVP Kevin E. Bryant sold 48,141 shares of Evergy stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $62.93, for a total value of $3,029,513.13. Following the transaction, the executive vice president now owns 1 shares in the company, valued at approximately $62.93. This trade represents a 100.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.47% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Evergy
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Miller Howard Investments Inc. NY grew its stake in Evergy by 1.4% during the fourth quarter. Miller Howard Investments Inc. NY now owns 11,741 shares of the company's stock worth $723,000 after buying an additional 162 shares during the period. Quent Capital LLC raised its position in shares of Evergy by 4.6% in the 4th quarter. Quent Capital LLC now owns 3,692 shares of the company's stock valued at $227,000 after purchasing an additional 163 shares in the last quarter. Sunbelt Securities Inc. boosted its stake in Evergy by 2.2% during the 3rd quarter. Sunbelt Securities Inc. now owns 7,778 shares of the company's stock valued at $482,000 after acquiring an additional 168 shares during the last quarter. Empirical Finance LLC grew its stake in Evergy by 2.3% in the third quarter. Empirical Finance LLC now owns 7,751 shares of the company's stock worth $481,000 after purchasing an additional 171 shares in the last quarter. Finally, Mather Group LLC. boosted its holdings in Evergy by 5.7% in the fourth quarter. Mather Group LLC. now owns 3,231 shares of the company's stock worth $199,000 after purchasing an additional 173 shares during the period. 87.24% of the stock is currently owned by institutional investors and hedge funds.
About Evergy
(
Get Free Report)
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.
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