Evergy (EVRG) Rating Increased to Buy at Bank of America

Evergy (NASDAQ:EVRG) was upgraded by equities research analysts at Bank of America from a “neutral” rating to a “buy” rating in a research note issued to investors on Tuesday, MarketBeat.com reports. The brokerage presently has a $62.00 target price on the stock. Bank of America‘s target price points to a potential upside of 6.11% from the company’s current price.

Several other research analysts have also weighed in on the stock. Goldman Sachs Group lowered shares of Evergy from a “neutral” rating to a “sell” rating and lifted their price objective for the stock from $53.00 to $56.00 in a research note on Friday, January 4th. Zacks Investment Research raised shares of Evergy from a “hold” rating to a “strong-buy” rating and set a $64.00 price objective on the stock in a research note on Friday, January 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $59.58.

Evergy stock traded up $0.36 during midday trading on Tuesday, hitting $58.43. 6,525 shares of the stock were exchanged, compared to its average volume of 1,714,550. Evergy has a 52 week low of $48.47 and a 52 week high of $61.10.

In other Evergy news, EVP Anthony D. Somma sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, December 14th. The shares were sold at an average price of $60.17, for a total transaction of $60,170.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Terry D. Bassham sold 10,940 shares of the firm’s stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $60.54, for a total transaction of $662,307.60. The disclosure for this sale can be found here. Insiders have sold a total of 13,940 shares of company stock worth $839,098 in the last three months.

A number of hedge funds have recently made changes to their positions in the business. Riverview Trust Co acquired a new stake in Evergy during the 4th quarter worth approximately $37,000. Meiji Yasuda Asset Management Co Ltd. raised its holdings in Evergy by 1.6% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 16,430 shares of the company’s stock worth $933,000 after buying an additional 260 shares during the period. Advisor Group Inc. raised its holdings in Evergy by 16.4% during the 4th quarter. Advisor Group Inc. now owns 14,383 shares of the company’s stock worth $815,000 after buying an additional 2,024 shares during the period. Jaffetilchin Investment Partners LLC acquired a new stake in Evergy during the 4th quarter worth approximately $540,000. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in Evergy by 3.8% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 33,466 shares of the company’s stock worth $1,900,000 after buying an additional 1,227 shares during the period.

Evergy Company Profile

Westar Energy, Inc engages in the generation, transmission and distribution of electricity in Kansas. It provides electricity to residential, commercial, and industrial customers in the cities of Topeka, Lawrence, Manhattan, Salina, and Hutchinson. The company was founded in 1924 and is headquartered in Topeka, KS.

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Analyst Recommendations for Evergy (NASDAQ:EVRG)

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