Evergy (NYSE:EVRG) PT Lowered to $65.00

Evergy (NYSE:EVRG) had its price objective lowered by Barclays from $67.00 to $65.00 in a research note published on Monday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

EVRG has been the subject of a number of other research reports. UBS Group upgraded Evergy to a “hold” rating in a research report on Wednesday, September 18th. Jefferies Financial Group assumed coverage on shares of Evergy in a research note on Thursday, September 19th. They issued a “buy” rating and a $70.00 price target on the stock. Finally, Wells Fargo & Company upped their price target on shares of Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Evergy has a consensus rating of “Moderate Buy” and a consensus target price of $61.14.

Evergy Stock Performance

Shares of EVRG stock opened at $61.20 on Monday. Evergy has a 12-month low of $47.46 and a 12-month high of $62.58. The firm has a market capitalization of $14.07 billion, a price-to-earnings ratio of 19.81, a price-to-earnings-growth ratio of 2.65 and a beta of 0.62. The business has a 50 day simple moving average of $60.17 and a 200 day simple moving average of $56.25. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.59 and a quick ratio of 0.35.

Evergy (NYSE:EVRG) last issued its quarterly earnings data on Friday, August 9th. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. Evergy had a return on equity of 8.50% and a net margin of 13.12%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the company posted $0.81 EPS. On average, equities research analysts anticipate that Evergy will post 3.84 EPS for the current year.

Evergy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Tuesday, August 20th were given a dividend of $0.6425 per share. This represents a $2.57 annualized dividend and a dividend yield of 4.20%. The ex-dividend date was Tuesday, August 20th. Evergy’s payout ratio is 83.17%.

Insider Activity at Evergy

In related news, SVP Charles A. Caisley sold 9,236 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $59.63, for a total value of $550,742.68. Following the completion of the transaction, the senior vice president now directly owns 33,425 shares of the company’s stock, valued at approximately $1,993,132.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Heather A. Humphrey sold 3,347 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $58.80, for a total value of $196,803.60. Following the sale, the senior vice president now directly owns 35,314 shares of the company’s stock, valued at approximately $2,076,463.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Charles A. Caisley sold 9,236 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $59.63, for a total transaction of $550,742.68. Following the completion of the sale, the senior vice president now directly owns 33,425 shares in the company, valued at approximately $1,993,132.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,884 shares of company stock worth $941,810 in the last quarter. Corporate insiders own 0.47% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EVRG. Hexagon Capital Partners LLC increased its holdings in shares of Evergy by 47.1% during the third quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock worth $33,000 after purchasing an additional 170 shares during the period. GPS Wealth Strategies Group LLC raised its stake in Evergy by 12.3% during the second quarter. GPS Wealth Strategies Group LLC now owns 1,705 shares of the company’s stock worth $90,000 after buying an additional 187 shares during the last quarter. Wealthspire Advisors LLC raised its stake in Evergy by 1.0% during the first quarter. Wealthspire Advisors LLC now owns 19,009 shares of the company’s stock worth $1,015,000 after buying an additional 192 shares during the last quarter. Blue Trust Inc. increased its stake in Evergy by 16.3% in the second quarter. Blue Trust Inc. now owns 1,483 shares of the company’s stock valued at $79,000 after purchasing an additional 208 shares in the last quarter. Finally, Keeley Teton Advisors LLC increased its stake in Evergy by 0.6% in the first quarter. Keeley Teton Advisors LLC now owns 37,950 shares of the company’s stock valued at $2,026,000 after purchasing an additional 210 shares in the last quarter. 87.24% of the stock is owned by institutional investors.

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.