Evergy (NASDAQ:EVRG - Free Report) had its price objective reduced by Barclays from $73.00 to $71.00 in a research note released on Friday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.
Several other analysts also recently commented on the stock. BMO Capital Markets initiated coverage on shares of Evergy in a research report on Tuesday, May 13th. They issued an "outperform" rating and a $75.00 price target for the company. Wall Street Zen downgraded shares of Evergy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Citigroup boosted their price objective on shares of Evergy from $77.00 to $79.00 and gave the company a "buy" rating in a research note on Friday, May 16th. UBS Group raised shares of Evergy from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $68.00 to $78.00 in a research note on Monday, April 28th. Finally, LADENBURG THALM/SH SH raised shares of Evergy to a "strong-buy" rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Evergy has an average rating of "Moderate Buy" and a consensus price target of $72.19.
Check Out Our Latest Analysis on EVRG
Evergy Stock Up 0.3%
Shares of NASDAQ:EVRG traded up $0.19 during trading on Friday, hitting $66.42. 2,941,187 shares of the company were exchanged, compared to its average volume of 1,979,928. The stock has a market capitalization of $15.28 billion, a P/E ratio of 17.95, a PEG ratio of 2.82 and a beta of 0.53. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32. Evergy has a 12-month low of $52.10 and a 12-month high of $70.36. The firm's 50 day moving average price is $67.13 and its 200-day moving average price is $65.29.
Evergy (NASDAQ:EVRG - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.12). The company had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.21 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. During the same quarter in the prior year, the firm posted $0.54 EPS. On average, research analysts predict that Evergy will post 3.83 earnings per share for the current fiscal year.
Evergy Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 23rd will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.02%. Evergy's dividend payout ratio is presently 70.26%.
Hedge Funds Weigh In On Evergy
A number of large investors have recently made changes to their positions in EVRG. LaFleur & Godfrey LLC increased its holdings in shares of Evergy by 11.5% in the 4th quarter. LaFleur & Godfrey LLC now owns 16,492 shares of the company's stock valued at $1,015,000 after purchasing an additional 1,700 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Evergy by 5.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 10,023 shares of the company's stock valued at $617,000 after acquiring an additional 550 shares during the last quarter. Brighton Jones LLC acquired a new stake in Evergy in the 4th quarter valued at about $257,000. Geneos Wealth Management Inc. grew its stake in Evergy by 71.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 2,678 shares of the company's stock valued at $165,000 after acquiring an additional 1,115 shares during the last quarter. Finally, PFG Investments LLC grew its stake in Evergy by 20.1% in the 4th quarter. PFG Investments LLC now owns 4,297 shares of the company's stock valued at $264,000 after acquiring an additional 719 shares during the last quarter. Hedge funds and other institutional investors own 87.24% of the company's stock.
About Evergy
(
Get Free Report)
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.
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