Evergy, Inc. (NASDAQ:EVRG) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Evergy, Inc. (NASDAQ:EVRG) have been assigned an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $65.36.

A number of analysts recently commented on the company. LADENBURG THALM/SH SH upgraded Evergy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $59.00 to $68.50 in a research report on Thursday, January 2nd. Barclays cut their price objective on shares of Evergy from $65.00 to $62.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Mizuho assumed coverage on shares of Evergy in a research note on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price objective on the stock. Finally, Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd.

Evergy Stock Performance

Evergy stock opened at $67.25 on Friday. Evergy has a fifty-two week low of $48.60 and a fifty-two week high of $67.89. The company has a market capitalization of $15.47 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 2.81 and a beta of 0.66. The stock has a fifty day moving average of $63.11 and a two-hundred day moving average of $61.78. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55.

Institutional Trading of Evergy

Several institutional investors have recently made changes to their positions in EVRG. Vanguard Group Inc. raised 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 worth $1,887,485,000 after buying an additional 221,086 shares during the period. Franklin Resources Inc. raised its holdings in shares of 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 purchasing an additional 128,211 shares during the period. Geode Capital Management LLC lifted its stake in shares of Evergy by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 5,637,257 shares of the company’s stock valued at $346,063,000 after purchasing an additional 133,641 shares in the last quarter. American Century Companies Inc. lifted its stake 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 purchasing an additional 130,804 shares in the last quarter. Finally, Federated Hermes Inc. grew its holdings in shares of Evergy by 2.2% during the 4th quarter. Federated Hermes Inc. now owns 3,434,216 shares of the company’s stock worth $211,376,000 after purchasing an additional 73,066 shares during the period. 87.24% of the stock is owned by hedge funds and other 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.