Evergy (NASDAQ:EVRG) Reaches New 52-Week High – What’s Next?

Evergy, Inc. (NASDAQ:EVRG) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $67.90 and last traded at $67.93, with a volume of 306941 shares traded. The stock had previously closed at $67.25.

Analyst Ratings Changes

Several equities analysts recently commented on EVRG shares. Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. LADENBURG THALM/SH SH raised Evergy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $59.00 to $68.50 in a report on Thursday, January 2nd. Mizuho started coverage on shares of Evergy in a report on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 target price on the stock. Finally, Barclays dropped their target price on shares of Evergy from $65.00 to $62.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Evergy has a consensus rating of “Moderate Buy” and a consensus target price of $65.36.

Evergy Stock Performance

The stock has a 50 day moving average price of $63.24 and a two-hundred day moving average price of $61.87. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32. The company has a market capitalization of $15.65 billion, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 2.82 and a beta of 0.66.

Institutional Investors Weigh In On Evergy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Lee Danner & Bass Inc. bought a new stake in shares of Evergy during the fourth quarter valued at approximately $26,000. National Pension Service acquired a new position in Evergy during the 4th quarter worth $30,000. Bank of Jackson Hole Trust bought a new position in Evergy in the 4th quarter valued at $31,000. Truvestments Capital LLC acquired a new stake in shares of Evergy in the 3rd quarter valued at $32,000. Finally, Colonial Trust Co SC acquired a new stake in shares of Evergy in the 4th quarter valued at $32,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

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.