LADENBURG THALM/SH SH Upgrades Evergy (NASDAQ:EVRG) to Strong-Buy

Evergy (NASDAQ:EVRG) was upgraded by equities research analysts at LADENBURG THALM/SH SH to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other research analysts also recently commented on EVRG. Barclays increased their price objective on shares of Evergy from $62.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Evergy has an average rating of “Buy” and a consensus price target of $68.42.

Evergy Price Performance

Shares of EVRG opened at $67.10 on Monday. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The firm has a market cap of $15.43 billion, a PE ratio of 18.14, a P/E/G ratio of 2.82 and a beta of 0.62. Evergy has a 1-year low of $49.55 and a 1-year high of $69.93. The firm has a fifty day simple moving average of $65.30 and a two-hundred day simple moving average of $62.93.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $1.24 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. On average, equities analysts anticipate that Evergy will post 3.83 EPS for the current year.

Institutional Trading of Evergy

Several large investors have recently bought and sold shares of EVRG. CIBC Asset Management Inc lifted its holdings in shares of Evergy by 7.1% in the 3rd quarter. CIBC Asset Management Inc now owns 39,139 shares of the company’s stock worth $2,427,000 after acquiring an additional 2,581 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of Evergy in the 3rd quarter valued at $226,000. Natixis Advisors LLC grew its position in Evergy by 1.1% during the 3rd quarter. Natixis Advisors LLC now owns 85,855 shares of the company’s stock worth $5,324,000 after purchasing an additional 939 shares during the last quarter. Swiss National Bank grew its position in Evergy by 0.3% during the 3rd quarter. Swiss National Bank now owns 682,426 shares of the company’s stock worth $42,317,000 after purchasing an additional 2,200 shares during the last quarter. Finally, Meeder Advisory Services Inc. grew its position in Evergy by 28.9% during the 3rd quarter. Meeder Advisory Services Inc. now owns 11,029 shares of the company’s stock worth $684,000 after purchasing an additional 2,473 shares during the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Evergy Company Profile

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.