UBS Group Boosts Evergy (NASDAQ:EVRG) Price Target to $68.00

Evergy (NASDAQ:EVRG) had its price target upped by research analysts at UBS Group from $66.00 to $68.00 in a report issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective would indicate a potential upside of 0.61% from the company’s previous close.

EVRG has been the subject of several other reports. LADENBURG THALM/SH SH upgraded Evergy to a “strong-buy” rating in a report on Monday. Barclays boosted 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. Finally, Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $68.36.

Evergy Stock Down 0.6 %

Shares of NASDAQ:EVRG traded down $0.38 during trading on Friday, hitting $67.59. The stock had a trading volume of 511,724 shares, compared to its average volume of 1,801,926. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. Evergy has a 12 month low of $49.55 and a 12 month high of $69.93. The company has a market capitalization of $15.55 billion, a PE ratio of 18.25, a PEG ratio of 2.82 and a beta of 0.62. The firm’s fifty day moving average is $65.58 and its 200 day moving average is $63.00.

Evergy (NASDAQ:EVRG) last released its earnings results on Thursday, February 27th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.11). Evergy had a return on equity of 8.77% and a net margin of 14.77%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Analysts anticipate that Evergy will post 3.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Lee Danner & Bass Inc. bought a new position in shares of Evergy in the fourth quarter worth about $26,000. National Pension Service bought a new position in Evergy in the 4th quarter worth approximately $30,000. Bank of Jackson Hole Trust bought a new stake in shares of Evergy during the fourth quarter valued at approximately $31,000. Truvestments Capital LLC purchased a new position in shares of Evergy in the third quarter worth $32,000. Finally, Colonial Trust Co SC purchased a new position in Evergy during the fourth quarter valued at $32,000. Institutional investors 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.