Evergy Inc. (NASDAQ:EVRG) Receives $78.07 Average Target Price from Brokerages

Evergy Inc. (NASDAQ:EVRG) has earned a consensus rating of “Buy” from the nine analysts that are currently covering the company, MarketBeat Ratings reports. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $78.0714.

EVRG has been the subject of a number of recent analyst reports. Barclays reiterated an “outperform” rating on shares of Evergy in a research report on Thursday, October 9th. Mizuho increased their target price 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. Weiss Ratings reiterated a “buy (b-)” rating on shares of Evergy in a research report on Saturday. Finally, Jefferies Financial Group increased their target price on shares of Evergy from $77.00 to $87.00 and gave the company a “buy” rating in a research report on Thursday, October 9th.

Evergy Stock Up 0.1%

Shares of NASDAQ:EVRG opened at $77.96 on Wednesday. The company has a current ratio of 0.50, a quick ratio of 0.27 and a debt-to-equity ratio of 1.24. Evergy has a 12-month low of $59.23 and a 12-month high of $79.32. The company has a fifty day simple moving average of $74.17 and a 200 day simple moving average of $70.38. The firm has a market cap of $17.94 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 3.60 and a beta of 0.57.

Evergy (NASDAQ:EVRG) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.78 by $0.04. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.45 billion. Evergy had a net margin of 14.29% and a return on equity of 8.62%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.90 earnings per share. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. On average, equities research analysts anticipate that Evergy will post 3.83 EPS for the current fiscal year.

Evergy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, August 22nd were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, August 22nd. Evergy’s dividend payout ratio is presently 73.35%.

Insiders Place Their Bets

In other Evergy news, SVP Lesley Lissette Elwell sold 8,000 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $72.33, for a total value of $578,640.00. Following the completion of the sale, the senior vice president directly owned 499 shares of the company’s stock, valued at approximately $36,092.67. This represents a 94.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.42% of the company’s stock.

Institutional Trading of Evergy

Hedge funds have recently bought and sold shares of the company. FAS Wealth Partners Inc. boosted its holdings in Evergy by 2.4% during the 2nd quarter. FAS Wealth Partners Inc. now owns 6,413 shares of the company’s stock valued at $442,000 after acquiring an additional 150 shares during the period. Horizon Investments LLC boosted its holdings in Evergy by 4.9% during the 1st quarter. Horizon Investments LLC now owns 3,353 shares of the company’s stock valued at $231,000 after acquiring an additional 158 shares during the period. Rogco LP boosted its holdings in Evergy by 16.4% during the 2nd quarter. Rogco LP now owns 1,120 shares of the company’s stock valued at $77,000 after acquiring an additional 158 shares during the period. Triad Wealth Partners LLC boosted its holdings in Evergy by 3.8% during the 2nd quarter. Triad Wealth Partners LLC now owns 4,389 shares of the company’s stock valued at $303,000 after acquiring an additional 159 shares during the period. Finally, GoalVest Advisory LLC boosted its holdings in Evergy by 3.2% during the 2nd quarter. GoalVest Advisory LLC now owns 5,259 shares of the company’s stock valued at $363,000 after acquiring an additional 163 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.