Brokerages Set Evergy Inc. (NASDAQ:EVRG) PT at $86.88

Shares of Evergy Inc. (NASDAQ:EVRG) have been assigned a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $86.8750.

Several research firms have recently issued reports on EVRG. Citigroup raised their price objective on Evergy from $89.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, February 20th. UBS Group lowered shares of Evergy from a “buy” rating to a “neutral” rating and upped their price target for the stock from $86.00 to $88.00 in a research report on Friday, February 13th. Wall Street Zen raised Evergy from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. BMO Capital Markets boosted their price target on Evergy from $82.00 to $87.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Evergy in a research note on Monday, December 29th.

Insiders Place Their Bets

In other news, Director Ann D. Murtlow sold 2,847 shares of Evergy stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $82.34, for a total transaction of $234,421.98. Following the sale, the director owned 2,311 shares in the company, valued at $190,287.74. This trade represents a 55.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.42% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Sit Investment Associates Inc. acquired a new stake in shares of Evergy during the fourth quarter worth approximately $6,577,000. MidFirst Bank acquired a new position in Evergy in the fourth quarter worth $25,000. DGS Capital Management LLC increased its stake in Evergy by 15.2% during the fourth quarter. DGS Capital Management LLC now owns 12,757 shares of the company’s stock valued at $925,000 after purchasing an additional 1,685 shares during the last quarter. SG Trading Solutions LLC acquired a new stake in shares of Evergy during the fourth quarter worth $1,753,000. Finally, Pacer Advisors Inc. lifted its position in shares of Evergy by 75.7% in the 4th quarter. Pacer Advisors Inc. now owns 34,077 shares of the company’s stock worth $2,470,000 after buying an additional 14,681 shares during the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Evergy Stock Performance

Shares of NASDAQ EVRG opened at $83.66 on Tuesday. The company has a 50-day simple moving average of $76.67 and a 200-day simple moving average of $75.43. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.49 and a quick ratio of 0.27. The company has a market cap of $19.27 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 3.32 and a beta of 0.66. Evergy has a 12 month low of $61.94 and a 12 month high of $84.08.

Evergy (NASDAQ:EVRG) last announced its earnings results on Saturday, January 31st. The company reported $0.42 earnings per share (EPS) for the quarter. Evergy had a net margin of 14.35% and a return on equity of 8.79%. On average, equities analysts anticipate that Evergy will post 3.83 earnings per share for the current year.

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.695 per share. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Tuesday, March 10th. Evergy’s payout ratio is currently 75.75%.

About Evergy

Evergy, Inc is a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers primarily across Kansas and western Missouri. The company provides core utility services including retail electric delivery, grid operations, customer service and outage restoration, operating under state regulatory frameworks. Evergy serves a mix of urban and rural communities, including portions of the Kansas City metropolitan area and other population centers in its service territory.

The company’s business activities span power generation, system planning, transmission and distribution infrastructure, and customer-facing programs such as energy efficiency and demand-side management.