Evergy (NASDAQ:EVRG) Upgraded at LADENBURG THALM/SH SH

Evergy (NASDAQ:EVRG) was upgraded by equities researchers at LADENBURG THALM/SH SH to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on EVRG. Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Barclays boosted their target price on shares of Evergy from $62.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $68.42.

Evergy Price Performance

Shares of NASDAQ:EVRG opened at $67.10 on Monday. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. Evergy has a fifty-two week low of $49.55 and a fifty-two week high of $69.93. The firm has a 50-day simple moving average of $65.30 and a 200 day simple moving average of $62.93. The company has a market cap of $15.43 billion, a PE ratio of 18.14, a P/E/G ratio of 2.82 and a beta of 0.62.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.35 earnings per share 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%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. On average, sell-side analysts anticipate that Evergy will post 3.83 EPS for the current year.

Institutional Trading of Evergy

A number of institutional investors have recently made changes to their positions in EVRG. CIBC Asset Management Inc lifted its stake in shares of Evergy by 7.1% in the 3rd quarter. CIBC Asset Management Inc now owns 39,139 shares of the company’s stock worth $2,427,000 after acquiring an additional 2,581 shares during the period. Empowered Funds LLC acquired a new stake in shares of Evergy in the 3rd quarter worth approximately $226,000. Natixis Advisors LLC lifted its stake in shares of Evergy by 1.1% in the 3rd quarter. Natixis Advisors LLC now owns 85,855 shares of the company’s stock worth $5,324,000 after acquiring an additional 939 shares during the period. Swiss National Bank lifted its stake in shares of Evergy by 0.3% in the 3rd quarter. Swiss National Bank now owns 682,426 shares of the company’s stock worth $42,317,000 after acquiring an additional 2,200 shares during the period. Finally, Meeder Advisory Services Inc. lifted its stake in shares of Evergy by 28.9% in the 3rd quarter. Meeder Advisory Services Inc. now owns 11,029 shares of the company’s stock worth $684,000 after acquiring an additional 2,473 shares during the period. 87.24% of the stock is 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.