Evergy (NASDAQ:EVRG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Evergy (NASDAQ:EVRG) from a sell rating to a hold rating in a report issued on Saturday.

EVRG has been the subject of several other research reports. Royal Bank Of Canada restated an “outperform” rating and set a $91.00 price objective on shares of Evergy in a research report on Friday, January 23rd. UBS Group lowered shares of Evergy from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $86.00 to $88.00 in a research note on Friday, February 13th. BMO Capital Markets upped their price objective on shares of Evergy from $79.00 to $82.00 and gave the company an “outperform” rating in a research note on Tuesday, January 27th. 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. Finally, Mizuho reissued a “neutral” rating and issued a $76.00 target price (down from $86.00) on shares of Evergy in a report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Evergy currently has a consensus rating of “Moderate Buy” and a consensus price target of $86.88.

Evergy Trading Up 2.3%

NASDAQ:EVRG opened at $82.11 on Friday. Evergy has a 1 year low of $61.94 and a 1 year high of $83.19. The stock has a market cap of $18.91 billion, a P/E ratio of 22.37, a P/E/G ratio of 3.18 and a beta of 0.66. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.27 and a current ratio of 0.49. The stock has a 50-day simple moving average of $75.89 and a 200-day simple moving average of $75.15.

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

Evergy Announces Dividend

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 given a dividend of $0.695 per share. This represents a $2.78 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, March 10th. Evergy’s dividend payout ratio (DPR) is presently 75.75%.

Institutional Investors Weigh In On Evergy

Several large investors have recently modified their holdings of EVRG. Harbor Capital Advisors Inc. acquired a new position in Evergy in the 4th quarter valued at $27,000. Accredited Wealth Management LLC boosted its holdings in shares of Evergy by 1,310.3% in the third quarter. Accredited Wealth Management LLC now owns 409 shares of the company’s stock valued at $31,000 after acquiring an additional 380 shares in the last quarter. Prosperity Bancshares Inc acquired a new position in shares of Evergy during the fourth quarter worth about $32,000. AlphaCore Capital LLC purchased a new position in Evergy during the second quarter worth about $33,000. Finally, Triumph Capital Management raised its holdings in Evergy by 104.8% during the fourth quarter. Triumph Capital Management now owns 508 shares of the company’s stock worth $37,000 after purchasing an additional 260 shares in the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

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.