Evergy Inc. (NASDAQ:EVRG) Stock Has Consensus Price Target of $90.60 According to Brokerages

Evergy Inc. (NASDAQ:EVRG) has received a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $91.00.

Several research firms have issued reports on EVRG. BMO Capital Markets raised their price target on shares of Evergy from $88.00 to $92.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Evergy in a research report on Friday, August 7th. Royal Bank Of Canada reissued an “outperform” rating on shares of Evergy in a research note on Friday. Citigroup raised their target price on shares of Evergy from $95.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Finally, Barclays raised their target price on shares of Evergy from $89.00 to $94.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 30th.

Evergy Stock Performance

NASDAQ EVRG opened at $80.96 on Wednesday. The company has a quick ratio of 0.21, a current ratio of 0.36 and a debt-to-equity ratio of 1.20. Evergy has a fifty-two week low of $71.40 and a fifty-two week high of $88.62. The business has a fifty day moving average of $81.15 and a 200-day moving average of $82.62. The stock has a market cap of $18.67 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 2.09 and a beta of 0.50.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.07. Evergy had a return on equity of 9.20% and a net margin of 15.19%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter last year, the company earned $0.82 earnings per share. As a group, analysts predict that Evergy will post 4.25 earnings per share for the current fiscal year.

Evergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, August 18th were issued a dividend of $0.6950 per share. The ex-dividend date was Tuesday, August 18th. This represents a $2.78 annualized dividend and a dividend yield of 3.4%. Evergy’s dividend payout ratio (DPR) is 70.56%.

Insider Activity at Evergy

In other Evergy news, Director Jonathan Rolph bought 1,640 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The stock was purchased at an average cost of $81.47 per share, for a total transaction of $133,610.80. Following the completion of the purchase, the director owned 670 shares of the company’s stock, valued at $54,584.90. This trade represents a -169.07% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.52% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Evergy

Several hedge funds have recently modified their holdings of EVRG. Kestra Advisory Services LLC grew its holdings in Evergy by 0.8% during the 1st quarter. Kestra Advisory Services LLC now owns 15,829 shares of the company’s stock valued at $1,297,000 after purchasing an additional 124 shares in the last quarter. Trilogy Capital Inc. lifted its holdings in Evergy by 0.3% in the 2nd quarter. Trilogy Capital Inc. now owns 47,210 shares of the company’s stock worth $4,080,000 after buying an additional 125 shares in the last quarter. Retirement Planning Group LLC lifted its holdings in Evergy by 0.6% in the 1st quarter. Retirement Planning Group LLC now owns 23,659 shares of the company’s stock worth $1,938,000 after buying an additional 137 shares in the last quarter. Earned Wealth Advisors LLC boosted its position in Evergy by 4.9% in the 1st quarter. Earned Wealth Advisors LLC now owns 2,946 shares of the company’s stock valued at $241,000 after buying an additional 137 shares during the last quarter. Finally, Optiver Holding B.V. boosted its position in Evergy by 14.5% in the 1st quarter. Optiver Holding B.V. now owns 1,107 shares of the company’s stock valued at $91,000 after buying an additional 140 shares during the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.

Evergy Company Profile

Evergy, Inc is an investor-owned electric utility holding company that provides electricity generation, transmission, distribution and related services. Through its operating utilities, the company serves residential, commercial, industrial and municipal customers in Kansas and Missouri.

Evergy’s generation portfolio includes nuclear, natural gas, coal, wind and solar resources. The company also operates and maintains electric transmission and distribution infrastructure and has invested in renewable energy and grid modernization initiatives to support reliability and the transition to lower-emission energy sources.

Evergy was formed in 2018 through the merger of Great Plains Energy Incorporated and Westar Energy, Inc Its principal operating utilities include Evergy Kansas Central, Evergy Kansas South, Evergy Missouri Metro and Evergy Missouri West.