Evergy Inc. (NASDAQ:EVRG) Given Consensus Rating of “Moderate Buy” by Brokerages

Evergy Inc. (NASDAQ:EVRG) has been given an average rating of “Moderate Buy” by the ten research firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $87.75.

EVRG has been the subject of several analyst reports. Mizuho set a $82.00 price target on shares of Evergy in a research report on Monday, February 23rd. Citigroup increased their price objective on shares of Evergy from $89.00 to $95.00 and gave the company a “buy” rating in a report on Friday, February 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Evergy in a research note on Monday, December 29th. Barclays lifted their target price on shares of Evergy from $82.00 to $89.00 and gave the stock an “overweight” rating in a report on Monday, March 9th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $91.00 target price on shares of Evergy in a research report on Friday, January 23rd.

Insider Buying and Selling at Evergy

In other Evergy news, SVP Heather A. Humphrey sold 3,650 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $82.61, for a total transaction of $301,526.50. Following the transaction, the senior vice president owned 44,007 shares in the company, valued at approximately $3,635,418.27. This trade represents a 7.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Charles L. King sold 2,440 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $82.19, for a total value of $200,543.60. Following the transaction, the senior vice president owned 18,359 shares of the company’s stock, valued at $1,508,926.21. The trade was a 11.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 8,937 shares of company stock valued at $736,492. 1.42% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its stake in Evergy by 0.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 24,981 shares of the company’s stock valued at $1,826,000 after purchasing an additional 140 shares in the last quarter. Hilltop Holdings Inc. boosted its position in shares of Evergy by 1.6% during the fourth quarter. Hilltop Holdings Inc. now owns 8,990 shares of the company’s stock worth $652,000 after purchasing an additional 142 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its position in shares of Evergy by 0.3% during the third quarter. Moneta Group Investment Advisors LLC now owns 46,972 shares of the company’s stock worth $3,571,000 after purchasing an additional 145 shares in the last quarter. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Evergy by 17.7% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 979 shares of the company’s stock valued at $74,000 after buying an additional 147 shares during the period. Finally, Modern Wealth Management LLC grew its holdings in shares of Evergy by 1.9% in the 3rd quarter. Modern Wealth Management LLC now owns 7,926 shares of the company’s stock valued at $603,000 after buying an additional 148 shares during the period. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Trading Down 2.9%

Shares of EVRG opened at $78.70 on Friday. The stock’s fifty day simple moving average is $79.58 and its 200-day simple moving average is $76.49. The firm has a market capitalization of $18.12 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 2.09 and a beta of 0.65. Evergy has a 12-month low of $61.94 and a 12-month high of $85.23. The company has a quick ratio of 0.27, a current ratio of 0.49 and a debt-to-equity ratio of 1.27.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings data on Saturday, January 31st. The company reported $0.42 EPS for the quarter. Evergy had a return on equity of 8.79% and a net margin of 14.35%. As a group, research analysts predict that Evergy will post 3.83 earnings per share for the current year.

Evergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 10th were issued a $0.695 dividend. This represents a $2.78 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Tuesday, March 10th. Evergy’s dividend payout ratio is currently 75.75%.

About Evergy

Evergy, Inc is a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers primarily across Kansas and western Missouri. The company provides core utility services including retail electric delivery, grid operations, customer service and outage restoration, operating under state regulatory frameworks. Evergy serves a mix of urban and rural communities, including portions of the Kansas City metropolitan area and other population centers in its service territory.

The company’s business activities span power generation, system planning, transmission and distribution infrastructure, and customer-facing programs such as energy efficiency and demand-side management.