Evergy (NYSE:EVRG) PT Lowered to $65.00 at Barclays

Evergy (NYSE:EVRG - Free Report) had its price target decreased by Barclays from $67.00 to $65.00 in a report released on Monday, Benzinga reports. Barclays currently has an overweight rating on the stock.

A number of other equities research analysts also recently weighed in on the company. UBS Group upgraded Evergy to a "hold" rating in a report on Wednesday, September 18th. Jefferies Financial Group assumed coverage on shares of Evergy in a research report on Thursday, September 19th. They set a "buy" rating and a $70.00 target price on the stock. Finally, Wells Fargo & Company boosted their target price on shares of Evergy from $65.00 to $69.00 and gave the company an "overweight" rating in a research report on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $61.14.

Evergy Trading Up 0.1 %

NYSE:EVRG traded up $0.08 on Monday, reaching $61.20. 1,972,764 shares of the stock traded hands, compared to its average volume of 2,084,804. The firm has a market capitalization of $14.07 billion, a price-to-earnings ratio of 19.74, a price-to-earnings-growth ratio of 2.65 and a beta of 0.62. Evergy has a 1-year low of $47.46 and a 1-year high of $62.58. The company has a current ratio of 0.59, a quick ratio of 0.35 and a debt-to-equity ratio of 1.23. The company's 50 day moving average is $60.11 and its 200-day moving average is $56.19.

Evergy (NYSE:EVRG - Get Free Report) last released its earnings results on Friday, August 9th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.01. Evergy had a net margin of 13.12% and a return on equity of 8.50%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the business earned $0.81 earnings per share. Equities research analysts anticipate that Evergy will post 3.84 EPS for the current fiscal year.

Evergy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Tuesday, August 20th were paid a dividend of $0.6425 per share. The ex-dividend date was Tuesday, August 20th. This represents a $2.57 dividend on an annualized basis and a yield of 4.20%. Evergy's dividend payout ratio (DPR) is presently 83.17%.

Insiders Place Their Bets

In other Evergy news, SVP Heather A. Humphrey sold 3,347 shares of Evergy stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total transaction of $196,803.60. Following the completion of the transaction, the senior vice president now owns 35,314 shares in the company, valued at approximately $2,076,463.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Ann D. Murtlow sold 3,301 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $58.85, for a total value of $194,263.85. Following the completion of the sale, the director now owns 2,847 shares in the company, valued at $167,545.95. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Heather A. Humphrey sold 3,347 shares of the business's stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total transaction of $196,803.60. Following the transaction, the senior vice president now owns 35,314 shares in the company, valued at approximately $2,076,463.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,884 shares of company stock worth $941,810. Insiders own 0.47% of the company's stock.

Institutional Investors Weigh In On Evergy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fairscale Capital LLC purchased a new stake in shares of Evergy during the second quarter valued at approximately $27,000. Fidelis Capital Partners LLC bought a new stake in shares of Evergy during the 1st quarter worth $32,000. Hexagon Capital Partners LLC raised its stake in shares of Evergy by 47.1% during the 3rd quarter. Hexagon Capital Partners LLC now owns 531 shares of the company's stock worth $33,000 after purchasing an additional 170 shares during the period. Toth Financial Advisory Corp boosted its holdings in shares of Evergy by 199.5% in the 1st quarter. Toth Financial Advisory Corp now owns 635 shares of the company's stock worth $34,000 after buying an additional 423 shares during the last quarter. Finally, Rothschild Investment LLC bought a new position in Evergy during the second quarter valued at about $37,000. Hedge funds and other 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.