In yesterday’s Wall Street session, Evergy Inc. (NYSE:EVRG) shares traded at $58.33, down -1.47% from the previous session.
10 analysts cover Evergy Inc. (NYSE:EVRG), according to research data. The consensus rating among analysts is ‘Hold’. EVRG stock price is now -3.97% away from the 50-day moving average and -10.70% away from the 200-day moving average. The market capitalization of the company currently stands at $13.28B.
The stock has received a hold rating from 6 analysts and a buy rating from 3.
With the price target reduced from $64 to $54, BofA Securities Downgraded its rating from Neutral to Underperform for Evergy Inc. (NYSE: EVRG)., while ‘UBS’ rates the stock as ‘Neutral’.
In other news, Lawrence Sandra AJ, Director sold 400 shares of the company’s stock on Jun 03. The stock was sold for $28,003 at an average price of $70.01. Upon completion of the transaction, the Director now directly owns 480 shares in the company, valued at $27998.4. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 02, Director Lawrence Sandra AJ sold 400 shares of the business’s stock. A total of $27,992 was realized by selling the stock at an average price of $69.98. This leaves the insider owning 880 shares of the company worth $51330.4. A total of 0.22% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in EVRG stock. A new stake in Evergy Inc. shares was purchased by POINT72 ASSET MANAGEMENT, L.P. during the first quarter worth $18,590,000. QUBE RESEARCH & TECHNOLOGIES LTD invested $9,977,000 in shares of EVRG during the first quarter. In the first quarter, GREAT WEST LIFE ASSURANCE CO /CAN/ acquired a new stake in Evergy Inc. valued at approximately $6,882,000. TDAM USA INC. acquired a new stake in EVRG for approximately $3,722,000. NAVELLIER & ASSOCIATES INC purchased a new stake in EVRG valued at around $3,389,000 in the second quarter. In total, there are 880 active investors with 86.60% ownership of the company’s stock.
On Wednesday morning Evergy Inc. (NYSE: EVRG) stock kicked off with the opening price of $58.04. During the past 12 months, Evergy Inc. has had a low of $54.12 and a high of $73.12. As of last week, the company has a debt-to-equity ratio of 1.21, a current ratio of 0.50, and a quick ratio of 0.40. The fifty day moving average price for EVRG is $60.52 and a two-hundred day moving average price translates $65.29 for the stock.
The latest earnings results from Evergy Inc. (NYSE: EVRG) was released for Jun, 2022. According to the Utilities – Regulated Electric Company, earnings per share came in at $0.86, beating analysts’ expectations of $0.83 by 0.03. This compares to $1.95 EPS in the same period last year. The net profit margin was 14.00% and return on equity was 8.50% for EVRG. The company reported revenue of $1.91 billion for the quarter, compared to $1.62 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.1 percent. For the current quarter, analysts expect EVRG to generate $1.6B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/20/2022. Investors who held shares on 11/18/2022 were paid a $0.6125 dividend. On an annualized basis, this represents a $2.45 dividend and a 4.20% percent yield. There was an ex-dividend date of 11/17/2022 for this dividend. In terms of dividend payout ratio, EVRG is presently at 64.80%.
Evergy Inc.(EVRG) Company Profile
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. The company has approximately 10,100 circuit miles of transmission lines; 39,800 circuit miles of overhead distribution lines; and 13,000 circuit miles of underground distribution lines. It serves approximately 1,620,400 customers, including residences, commercial firms, industrials, municipalities, and other electric utilities. Evergy, Inc. was incorporated in 2017 and is headquartered in Kansas City, Missouri.