Evergy (NASDAQ:EVRG) Sets New 12-Month High – Should You Buy?

Shares of Evergy, Inc. (NASDAQ:EVRG) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $69.58 and last traded at $69.05, with a volume of 3112864 shares traded. The stock had previously closed at $68.81.

Analyst Ratings Changes

EVRG has been the topic of a number of research reports. LADENBURG THALM/SH SH upgraded Evergy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $59.00 to $68.50 in a report on Thursday, January 2nd. Barclays lowered their price target on Evergy from $65.00 to $62.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Finally, Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Evergy currently has an average rating of “Moderate Buy” and an average target price of $65.36.

Evergy Trading Up 0.4 %

The business has a fifty day simple moving average of $63.69 and a 200 day simple moving average of $62.08. The stock has a market cap of $15.88 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 2.82 and a beta of 0.66. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55.

Evergy (NASDAQ:EVRG) last announced its earnings results on Thursday, February 27th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.11). Evergy had a net margin of 14.77% and a return on equity of 8.77%. As a group, equities analysts anticipate that Evergy, Inc. will post 3.83 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in EVRG. Private Advisor Group LLC lifted its stake in shares of Evergy by 3.6% during the 3rd quarter. Private Advisor Group LLC now owns 14,001 shares of the company’s stock worth $868,000 after purchasing an additional 481 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Evergy in the 3rd quarter worth $1,330,000. Allworth Financial LP raised its position in shares of Evergy by 40.5% in the 3rd quarter. Allworth Financial LP now owns 4,321 shares of the company’s stock worth $268,000 after buying an additional 1,246 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Evergy by 40.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,035 shares of the company’s stock worth $1,055,000 after buying an additional 4,946 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Evergy by 24.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 24,864 shares of the company’s stock worth $1,542,000 after buying an additional 4,920 shares during the period. Hedge funds and other institutional investors own 87.24% of the company’s stock.

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.