Evergy (NASDAQ:EVRG) Price Target Raised to $72.00

Evergy (NASDAQ:EVRG) had its price objective lifted by equities research analysts at Barclays from $62.00 to $72.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target would suggest a potential upside of 8.67% from the stock’s previous close.

Several other brokerages have also recently issued reports on EVRG. LADENBURG THALM/SH SH upgraded Evergy from a “neutral” rating to a “buy” rating and upped their target price for the company from $59.00 to $68.50 in a report on Thursday, January 2nd. Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.79.

Evergy Trading Up 0.8 %

EVRG traded up $0.53 during midday trading on Friday, reaching $66.26. 336,852 shares of the company’s stock traded hands, compared to its average volume of 1,795,451. The firm has a fifty day moving average of $64.39 and a two-hundred day moving average of $62.41. Evergy has a 52 week low of $49.55 and a 52 week high of $69.93. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32. The stock has a market capitalization of $15.24 billion, a price-to-earnings ratio of 17.91, a P/E/G ratio of 2.82 and a beta of 0.62.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.11). Evergy had a return on equity of 8.77% and a net margin of 14.77%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. On average, equities analysts anticipate that Evergy will post 3.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Evergy

Hedge funds have recently bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Evergy during the 4th quarter valued at about $1,728,000. Mackenzie Financial Corp raised its holdings in shares of Evergy by 38.3% in the fourth quarter. Mackenzie Financial Corp now owns 156,238 shares of the company’s stock valued at $9,616,000 after buying an additional 43,289 shares during the last quarter. Retirement Planning Group LLC lifted its holdings in Evergy by 0.9% in the fourth quarter. Retirement Planning Group LLC now owns 24,372 shares of the company’s stock valued at $1,500,000 after acquiring an additional 210 shares during the period. Woodline Partners LP acquired a new stake in Evergy during the 4th quarter valued at $850,000. Finally, iSAM Funds UK Ltd purchased a new stake in shares of Evergy during the 4th quarter valued at $840,000. Institutional investors 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.