Barclays Forecasts Strong Price Appreciation for Evergy (NASDAQ:EVRG) Stock

Evergy (NASDAQ:EVRG - Free Report) had its target price lifted by Barclays from $72.00 to $73.00 in a research note issued to investors on Tuesday morning, Marketbeat reports. The firm currently has an overweight rating on the stock.

A number of other equities analysts also recently issued reports on the company. UBS Group increased their price target on Evergy from $66.00 to $68.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. LADENBURG THALM/SH SH upgraded shares of Evergy to a "strong-buy" rating in a research note on Monday, March 17th. Finally, Guggenheim upgraded Evergy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $69.25.

Evergy Trading Down 0.6 %

EVRG traded down $0.40 during trading on Tuesday, reaching $67.88. The company had a trading volume of 1,972,293 shares, compared to its average volume of 1,959,314. 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 52 week low of $51.90 and a 52 week high of $70.30. The stock has a market cap of $15.61 billion, a P/E ratio of 18.35, a PEG ratio of 2.82 and a beta of 0.52. The business has a 50 day simple moving average of $67.30 and a 200-day simple moving average of $64.23.

Evergy (NASDAQ:EVRG - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate 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. On average, equities analysts anticipate that Evergy will post 3.83 EPS for the current fiscal year.

Evergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 3.93%. The ex-dividend date was Monday, March 10th. Evergy's dividend payout ratio is presently 70.45%.

Institutional Trading of Evergy

A number of institutional investors have recently bought and sold shares of EVRG. Vanguard Group Inc. increased its position in shares of Evergy by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 30,665,885 shares of the company's stock valued at $1,887,485,000 after acquiring an additional 221,086 shares during the period. Franklin Resources Inc. increased its holdings in Evergy by 2.3% in the 4th quarter. Franklin Resources Inc. now owns 5,660,930 shares of the company's stock worth $348,430,000 after buying an additional 128,211 shares during the period. Geode Capital Management LLC lifted its stake in Evergy by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 5,637,257 shares of the company's stock valued at $346,063,000 after acquiring an additional 133,641 shares during the period. American Century Companies Inc. boosted its holdings in shares of Evergy by 3.8% in the 4th quarter. American Century Companies Inc. now owns 3,555,122 shares of the company's stock valued at $218,818,000 after acquiring an additional 130,804 shares during the last quarter. Finally, Federated Hermes Inc. increased its stake in shares of Evergy by 2.2% in the fourth quarter. Federated Hermes Inc. now owns 3,434,216 shares of the company's stock worth $211,376,000 after acquiring an additional 73,066 shares during the period. 87.24% of the stock is currently 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.