Evergy (NYSE:EVRG – Get Free Report) had its target price cut by research analysts at Wells Fargo & Company from $60.00 to $57.00 in a research note issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 16.95% from the stock’s previous close.
A number of other research analysts have also recently weighed in on EVRG. Guggenheim cut shares of Evergy from a “buy” rating to a “neutral” rating and set a $52.00 price objective for the company. in a research note on Monday, January 22nd. Bank of America raised their price objective on shares of Evergy from $50.00 to $51.00 and gave the stock a “neutral” rating in a research note on Friday, January 19th. Finally, Barclays dropped their price objective on shares of Evergy from $56.00 to $54.00 and set an “overweight” rating for the company in a research note on Monday, January 22nd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $53.50.
Read Our Latest Research Report on Evergy
Evergy Price Performance
Evergy stock traded down $0.80 during mid-day trading on Friday, reaching $48.74. The company had a trading volume of 981,541 shares, compared to its average volume of 2,841,851. Evergy has a 1 year low of $46.92 and a 1 year high of $63.93. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.39 and a quick ratio of 0.24. The company has a market capitalization of $11.20 billion, a P/E ratio of 16.43, a P/E/G ratio of 2.99 and a beta of 0.57. The stock’s 50-day simple moving average is $51.11 and its 200-day simple moving average is $51.56.
Evergy (NYSE:EVRG – Get Free Report) last issued its earnings results on Thursday, February 29th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). Evergy had a net margin of 12.16% and a return on equity of 8.59%. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period last year, the business posted $0.30 earnings per share. On average, equities analysts predict that Evergy will post 3.58 EPS for the current year.
Institutional Trading of Evergy
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Moneta Group Investment Advisors LLC grew its stake in Evergy by 201,851.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 93,428,842 shares of the company’s stock worth $5,879,477,000 after acquiring an additional 93,382,579 shares during the period. Vanguard Group Inc. grew its stake in Evergy by 4.8% in the 4th quarter. Vanguard Group Inc. now owns 30,757,337 shares of the company’s stock worth $1,605,533,000 after acquiring an additional 1,399,121 shares during the period. State Street Corp grew its stake in Evergy by 10.8% in the 1st quarter. State Street Corp now owns 13,874,020 shares of the company’s stock worth $948,151,000 after acquiring an additional 1,356,321 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Evergy by 3,322.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,433,440 shares of the company’s stock valued at $637,693,000 after purchasing an additional 10,128,549 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Evergy by 5.1% in the 3rd quarter. Invesco Ltd. now owns 5,379,004 shares of the company’s stock valued at $272,716,000 after purchasing an additional 261,664 shares during the last quarter. 82.82% of the stock is owned by hedge funds and other institutional investors.
About Evergy
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.
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