Evergy (NASDAQ:EVRG) Hits New 12-Month High – What’s Next?

Evergy Inc. (NASDAQ:EVRG)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $76.18 and last traded at $76.02, with a volume of 2237358 shares traded. The stock had previously closed at $75.06.

Analysts Set New Price Targets

A number of research firms have recently commented on EVRG. Jefferies Financial Group set a $78.00 price objective on shares of Evergy and gave the stock a “buy” rating in a report on Tuesday, June 10th. Mizuho raised their price objective on shares of Evergy from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $74.44.

Evergy Stock Up 1.3%

The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.27 and a current ratio of 0.50. The stock has a market cap of $17.50 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 3.28 and a beta of 0.58. The firm’s 50-day simple moving average is $71.98 and its two-hundred day simple moving average is $69.05.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.04. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Evergy had a net margin of 14.29% and a return on equity of 8.62%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the company posted $0.90 EPS. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. On average, sell-side analysts expect that Evergy Inc. will post 3.83 EPS for the current fiscal year.

Evergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, August 22nd were given a dividend of $0.6675 per share. The ex-dividend date was Friday, August 22nd. This represents a $2.67 annualized dividend and a dividend yield of 3.5%. Evergy’s payout ratio is currently 73.35%.

Insider Activity at Evergy

In other news, SVP Lesley Lissette Elwell sold 8,000 shares of Evergy stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $72.33, for a total transaction of $578,640.00. Following the completion of the sale, the senior vice president owned 499 shares in the company, valued at $36,092.67. The trade was a 94.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.42% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Evergy

Institutional investors have recently modified their holdings of the business. FAS Wealth Partners Inc. lifted its position in shares of Evergy by 2.4% in the second quarter. FAS Wealth Partners Inc. now owns 6,413 shares of the company’s stock worth $442,000 after purchasing an additional 150 shares in the last quarter. Horizon Investments LLC lifted its position in shares of Evergy by 4.9% in the first quarter. Horizon Investments LLC now owns 3,353 shares of the company’s stock worth $231,000 after purchasing an additional 158 shares in the last quarter. Rogco LP lifted its position in shares of Evergy by 16.4% in the second quarter. Rogco LP now owns 1,120 shares of the company’s stock worth $77,000 after purchasing an additional 158 shares in the last quarter. Triad Wealth Partners LLC increased its holdings in Evergy by 3.8% during the second quarter. Triad Wealth Partners LLC now owns 4,389 shares of the company’s stock worth $303,000 after buying an additional 159 shares during the last quarter. Finally, GoalVest Advisory LLC increased its holdings in Evergy by 3.2% during the second quarter. GoalVest Advisory LLC now owns 5,259 shares of the company’s stock worth $363,000 after buying an additional 163 shares during the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Company Profile

Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in the United States. The company generates electricity through coal, 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.