UBS Group Trims Evergy (NYSE:EVRG) Target Price to $65.00

Evergy (NYSE:EVRGGet Rating) had its price target trimmed by UBS Group to $65.00 in a research report released on Monday, Stock Target Advisor reports.

Several other equities analysts have also weighed in on EVRG. Guggenheim decreased their target price on shares of Evergy from $77.00 to $64.00 in a report on Monday, October 24th. Wells Fargo & Company decreased their target price on shares of Evergy from $72.00 to $63.00 and set an equal weight rating on the stock in a report on Wednesday, October 19th. Seaport Res Ptn reiterated a buy rating on shares of Evergy in a report on Monday, October 24th. Bank of America decreased their target price on shares of Evergy from $74.00 to $68.00 in a report on Wednesday, September 28th. Finally, Credit Suisse Group decreased their target price on shares of Evergy from $68.00 to $61.00 and set an outperform rating on the stock in a report on Wednesday, October 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus target price of $63.17.

Evergy Stock Down 1.5 %

Shares of NYSE EVRG opened at $58.33 on Monday. Evergy has a 12-month low of $54.12 and a 12-month high of $73.13. The stock has a market cap of $13.39 billion, a PE ratio of 16.86, a P/E/G ratio of 3.15 and a beta of 0.53. The company has a current ratio of 0.52, a quick ratio of 0.35 and a debt-to-equity ratio of 0.96. The company has a 50-day moving average of $60.33 and a 200 day moving average of $64.86.

Evergy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 20th. Stockholders of record on Friday, November 18th will be issued a $0.6125 dividend. This is a positive change from Evergy’s previous quarterly dividend of $0.57. This represents a $2.45 annualized dividend and a dividend yield of 4.20%. The ex-dividend date is Thursday, November 17th. Evergy’s dividend payout ratio is currently 70.81%.

Hedge Funds Weigh In On Evergy

Large investors have recently made changes to their positions in the stock. SouthState Corp purchased a new stake in Evergy during the 1st quarter worth approximately $103,000. First Horizon Advisors Inc. increased its stake in Evergy by 282.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,145 shares of the company’s stock worth $74,000 after buying an additional 846 shares during the period. State of Michigan Retirement System increased its stake in Evergy by 10.4% during the 2nd quarter. State of Michigan Retirement System now owns 70,981 shares of the company’s stock worth $4,632,000 after buying an additional 6,700 shares during the period. Profund Advisors LLC increased its stake in Evergy by 8.1% during the 1st quarter. Profund Advisors LLC now owns 10,672 shares of the company’s stock worth $729,000 after buying an additional 801 shares during the period. Finally, ARGI Investment Services LLC increased its stake in Evergy by 19.5% during the 2nd quarter. ARGI Investment Services LLC now owns 20,202 shares of the company’s stock worth $1,318,000 after buying an additional 3,296 shares during the period. 84.37% of the stock is currently owned by institutional investors and hedge funds.

Evergy Company Profile

(Get Rating)

Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Kansas and Missouri, the United States. It generates electricity through coal, hydroelectric, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources.

Further Reading

Analyst Recommendations for Evergy (NYSE:EVRG)

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