Evergy Inc. (NASDAQ:EVRG) shares traded -0.78% lower at $59.50 on Wall Street last session.
In accordance with the data, 8 analysts cover Evergy Inc. (NASDAQ:EVRG). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $68.00 and a low of $57.00, we find $65.00. Given the previous closing price of $59.97, this indicates a potential upside of 8.39 percent. EVRG stock price is now 0.70% away from the 50-day moving average and -1.53% away from the 200-day moving average. The market capitalization of the company currently stands at $13.59B.
It has been rated a hold by 5 analysts and a buy by 2. Brokers who have rated the stock have averaged $63.67 as their price target over the next twelve months.
With the price target reduced from $61 to $57, Credit Suisse Downgraded its rating from Outperform to Underperform for Evergy Inc. (NASDAQ: EVRG).
In other news, Landrieu Mary L., Director sold 1,170 shares of the company’s stock on Jun 14. The stock was sold for $69,755 at an average price of $59.62. Upon completion of the transaction, the Director now directly owns 4,210 shares in the company, valued at $0.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 25, SVP & CHIEF HRO & CHIEF DO Elwell Lesley Lissette sold 1,328 shares of the business’s stock. A total of $76,585 was realized by selling the stock at an average price of $57.67. This leaves the insider owning 27 shares of the company worth $1606.5. Insiders disposed of 51,236 shares of company stock worth roughly $3.05 million over the past 1 year. A total of 0.20% 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 EMPOWER ADVISORY GROUP, LLC during the first quarter worth $51,527,000. CIBC PRIVATE WEALTH GROUP, LLC invested $13,392,000 in shares of EVRG during the first quarter. In the first quarter, GREENLAND CAPITAL MANAGEMENT LP acquired a new stake in Evergy Inc. valued at approximately $9,334,000. COANN CAPITAL LLC acquired a new stake in EVRG for approximately $9,097,000. NATIXIS purchased a new stake in EVRG valued at around $7,145,000 in the second quarter. In total, there are 908 active investors with 86.30% ownership of the company’s stock.
During the past 12 months, Evergy Inc. has had a low of $54.12 and a high of $71.58. As of last week, the company has a debt-to-equity ratio of 1.30, a current ratio of 0.50, and a quick ratio of 0.30. According to the stock market information, the enterprise value for the company is $25.99B, which is based on a 17.75 price-to-earnings ratio, a 6.65 price-to-earnings-growth ratio, and a beta of 0.50. The fifty day moving average price for EVRG is $59.09 and a two-hundred day moving average price translates $60.45 for the stock.
The latest earnings results from Evergy Inc. (NASDAQ: EVRG) was released for Mar, 2023. According to the Utilities – Regulated Electric Company, earnings per share came in at $0.59, beating analysts’ expectations of $0.58 by 0.01. This compares to $0.53 EPS in the same period last year. The net profit margin was 13.00% and return on equity was 8.20% for EVRG. The company reported revenue of $1.3 billion for the quarter, compared to $1.22 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.96 percent. For the current quarter, analysts expect EVRG to generate $1.45B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/20/2023. Investors who held shares on 05/19/2023 were paid a $0.6125 dividend. On an annualized basis, this represents a $2.45 dividend and a 4.12% percent yield. There was an ex-dividend date of 05/18/2023 for this dividend. In terms of dividend payout ratio, EVRG is presently at 69.30%.
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. The company generates electricity through coal, hydroelectric, 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. The company was incorporated in 2017 and is headquartered in Kansas City, Missouri.
