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

Shares of Evergy Inc. (NASDAQ:EVRG) have received an average recommendation of “Buy” from the eleven analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $80.7222.

EVRG has been the topic of a number of analyst reports. Royal Bank Of Canada upgraded Evergy to a “moderate buy” rating in a research report on Tuesday, October 28th. Citigroup boosted their target price on shares of Evergy from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Wall Street Zen raised shares of Evergy from a “sell” rating to a “hold” rating in a report on Sunday. Weiss Ratings reissued a “buy (b)” rating on shares of Evergy in a report on Thursday, December 4th. Finally, Jefferies Financial Group upped their price objective on shares of Evergy from $77.00 to $87.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th.

Hedge Funds Weigh In On Evergy

Institutional investors and hedge funds have recently bought and sold shares of the business. Accredited Wealth Management LLC increased its stake in shares of Evergy by 1,310.3% in the third quarter. Accredited Wealth Management LLC now owns 409 shares of the company’s stock valued at $31,000 after buying an additional 380 shares in the last quarter. AlphaCore Capital LLC bought a new stake in Evergy during the 2nd quarter worth about $33,000. Sentry Investment Management LLC acquired a new stake in Evergy in the 3rd quarter valued at about $41,000. Root Financial Partners LLC bought a new position in shares of Evergy in the third quarter worth about $44,000. Finally, CYBER HORNET ETFs LLC bought a new position in shares of Evergy in the second quarter worth about $42,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Stock Performance

NASDAQ EVRG opened at $74.12 on Thursday. Evergy has a twelve month low of $59.67 and a twelve month high of $79.32. The company has a quick ratio of 0.30, a current ratio of 0.52 and a debt-to-equity ratio of 1.20. The stock has a market cap of $17.06 billion, a P/E ratio of 20.31, a PEG ratio of 3.20 and a beta of 0.65. The company’s 50-day simple moving average is $76.47 and its 200 day simple moving average is $72.62.

Evergy (NASDAQ:EVRG) last released its quarterly earnings data on Wednesday, November 5th. The company reported $2.03 earnings per share for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.11). Evergy had a net margin of 14.45% and a return on equity of 8.66%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period in the previous year, the firm posted $2.02 earnings per share. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. As a group, research analysts forecast that Evergy will post 3.83 earnings per share for the current fiscal year.

Evergy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, November 21st will be given a dividend of $0.695 per share. This is a boost from Evergy’s previous quarterly dividend of $0.67. The ex-dividend date is Friday, November 21st. This represents a $2.78 dividend on an annualized basis and a yield of 3.8%. Evergy’s dividend payout ratio is currently 76.16%.

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.