Evergy (NASDAQ:EVRG) Price Target Raised to $89.00 at Citigroup

Evergy (NASDAQ:EVRG) had its target price lifted by stock analysts at Citigroup from $79.00 to $89.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s target price indicates a potential upside of 16.23% from the company’s previous close.

Several other equities analysts have also recently issued reports on the company. Royal Bank Of Canada upgraded Evergy to a “moderate buy” rating in a research report on Tuesday, October 28th. Mizuho lifted their price objective on shares of Evergy from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Jefferies Financial Group boosted their price objective on shares of Evergy from $77.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Barclays restated an “outperform” rating on shares of Evergy in a research note on Thursday, October 9th. Finally, Wall Street Zen upgraded shares of Evergy from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $80.72.

Evergy Stock Up 1.3%

NASDAQ EVRG traded up $0.98 on Monday, hitting $76.57. 3,176,993 shares of the stock were exchanged, compared to its average volume of 2,305,889. Evergy has a fifty-two week low of $59.67 and a fifty-two week high of $79.32. The company has a 50-day moving average price of $75.18 and a 200-day moving average price of $71.09. The company has a quick ratio of 0.27, a current ratio of 0.50 and a debt-to-equity ratio of 1.24. The company has a market cap of $17.62 billion, a PE ratio of 21.04, a PEG ratio of 3.56 and a beta of 0.61.

Evergy (NASDAQ:EVRG) last issued its earnings results on Thursday, November 6th. The company reported $2.03 earnings per share for the quarter, missing the consensus estimate of $2.14 by ($0.11). Evergy had a return on equity of 8.62% and a net margin of 14.29%.The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same period last year, the business posted $2.02 EPS. Evergy’s revenue was down .1% on a year-over-year basis. Evergy has set its FY 2025 guidance at 3.920-4.020 EPS. Sell-side analysts anticipate that Evergy will post 3.83 EPS for the current fiscal year.

Insider Activity at Evergy

In related news, SVP Lesley Lissette Elwell sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $72.33, for a total value of $578,640.00. Following the sale, the senior vice president owned 499 shares in the company, valued at $36,092.67. This represents a 94.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.42% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EVRG. Compound Planning Inc. grew its holdings in Evergy by 19.0% during the 3rd quarter. Compound Planning Inc. now owns 7,974 shares of the company’s stock valued at $606,000 after buying an additional 1,274 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Evergy by 25.4% in the third quarter. EverSource Wealth Advisors LLC now owns 2,339 shares of the company’s stock valued at $178,000 after acquiring an additional 474 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its stake in shares of Evergy by 17.7% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 979 shares of the company’s stock valued at $74,000 after acquiring an additional 147 shares during the last quarter. LaFleur & Godfrey LLC increased its position in Evergy by 1.9% during the 3rd quarter. LaFleur & Godfrey LLC now owns 24,352 shares of the company’s stock worth $1,851,000 after purchasing an additional 450 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. purchased a new stake in Evergy during the 3rd quarter worth about $658,000. 87.24% of the stock is currently owned by institutional investors and hedge funds.

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.