Evergy (NASDAQ:EVRG) Price Target Raised to $68.00

Evergy (NASDAQ:EVRG) had its price target lifted by UBS Group from $66.00 to $68.00 in a research report released on Friday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other equities analysts have also recently issued reports on the company. Guggenheim raised Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. LADENBURG THALM/SH SH raised Evergy to a “strong-buy” rating in a report on Monday, March 17th. Finally, Barclays increased their target price on Evergy from $62.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $68.36.

Evergy Price Performance

Shares of EVRG stock opened at $67.45 on Friday. The stock has a 50 day moving average of $65.73 and a two-hundred day moving average of $63.05. The company has a current ratio of 0.55, a quick ratio of 0.32 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 $15.51 billion, a P/E ratio of 18.23, a P/E/G ratio of 2.82 and a beta of 0.62.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.35 EPS 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 firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. As a group, equities analysts expect that Evergy will post 3.83 EPS for the current year.

Evergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a dividend of $0.6675 per share. The ex-dividend date was Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a yield of 3.96%. Evergy’s dividend payout ratio is 70.45%.

Institutional Investors Weigh In On Evergy

A number of hedge funds and other institutional investors have recently bought and sold shares of EVRG. Miller Howard Investments Inc. NY boosted its position in Evergy by 1.4% in the 4th quarter. Miller Howard Investments Inc. NY now owns 11,741 shares of the company’s stock valued at $723,000 after buying an additional 162 shares during the last quarter. Quent Capital LLC boosted its position in Evergy by 4.6% in the 4th quarter. Quent Capital LLC now owns 3,692 shares of the company’s stock valued at $227,000 after buying an additional 163 shares during the last quarter. Sunbelt Securities Inc. boosted its position in Evergy by 2.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 7,778 shares of the company’s stock valued at $482,000 after buying an additional 168 shares during the last quarter. Mather Group LLC. boosted its position in Evergy by 5.7% in the 4th quarter. Mather Group LLC. now owns 3,231 shares of the company’s stock valued at $199,000 after buying an additional 173 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its position in Evergy by 2.5% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 7,322 shares of the company’s stock valued at $451,000 after buying an additional 182 shares during the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.

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.