UBS Group Raises Evergy (NASDAQ:EVRG) Price Target to $68.00

Evergy (NASDAQ:EVRG - Free Report) had its price objective boosted by UBS Group from $66.00 to $68.00 in a report issued on Friday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

EVRG has been the subject of several other research reports. Barclays lifted their target price on Evergy from $62.00 to $72.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. LADENBURG THALM/SH SH raised shares of Evergy to a "strong-buy" rating in a report on Monday, March 17th. Finally, Guggenheim upgraded shares of Evergy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $68.36.

Evergy Stock Up 0.3 %

NASDAQ EVRG traded up $0.18 during trading hours on Friday, reaching $67.63. 999,695 shares of the company traded hands, compared to its average volume of 1,805,594. The stock has a market capitalization of $15.56 billion, a PE ratio of 18.28, a PEG ratio of 2.82 and a beta of 0.62. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. Evergy has a 12 month low of $49.55 and a 12 month high of $69.93. The company has a 50 day moving average of $65.73 and a two-hundred day moving average of $63.10.

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Evergy (NASDAQ:EVRG - Get Free Report) last issued its quarterly 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). The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. As a group, equities analysts expect that Evergy will post 3.83 earnings per share for the current year.

Evergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were paid a dividend of $0.6675 per share. The ex-dividend date was Monday, March 10th. This represents a $2.67 annualized dividend and a yield of 3.95%. Evergy's dividend payout ratio (DPR) is presently 70.45%.

Institutional Trading of Evergy

Hedge funds have recently made changes to their positions in the stock. Miller Howard Investments Inc. NY increased its stake in Evergy by 1.4% in the 4th quarter. Miller Howard Investments Inc. NY now owns 11,741 shares of the company's stock valued at $723,000 after buying an additional 162 shares during the period. Quent Capital LLC grew its holdings in shares of Evergy by 4.6% during the 4th quarter. Quent Capital LLC now owns 3,692 shares of the company's stock valued at $227,000 after acquiring an additional 163 shares in the last quarter. Sunbelt Securities Inc. increased its stake in shares of Evergy by 2.2% in the third quarter. Sunbelt Securities Inc. now owns 7,778 shares of the company's stock worth $482,000 after acquiring an additional 168 shares during the last quarter. Mather Group LLC. raised its holdings in shares of Evergy by 5.7% during the fourth quarter. Mather Group LLC. now owns 3,231 shares of the company's stock worth $199,000 after acquiring an additional 173 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its position in Evergy by 2.5% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 7,322 shares of the company's stock valued at $451,000 after purchasing an additional 182 shares during the last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.

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.