Evergy (NYSE:EVRG) Now Covered by Analysts at Jefferies Financial Group

Analysts at Jefferies Financial Group assumed coverage on shares of Evergy (NYSE:EVRG) in a research report issued on Thursday, Benzinga reports. The firm set a “buy” rating and a $70.00 price target on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 14.62% from the stock’s current price.

A number of other equities analysts have also weighed in on the company. UBS Group raised Evergy to a “hold” rating in a research note on Wednesday. Barclays boosted their price target on shares of Evergy from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Tuesday, August 13th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $60.00.

Evergy Price Performance

Shares of Evergy stock traded down $0.48 during mid-day trading on Thursday, reaching $61.07. 1,610,541 shares of the stock traded hands, compared to its average volume of 2,099,791. The company has a quick ratio of 0.35, a current ratio of 0.59 and a debt-to-equity ratio of 1.23. The business has a 50-day moving average of $58.37 and a 200 day moving average of $54.77. The stock has a market capitalization of $14.04 billion, a PE ratio of 19.76, a PEG ratio of 3.12 and a beta of 0.62. Evergy has a fifty-two week low of $46.92 and a fifty-two week high of $62.24.

Evergy (NYSE:EVRG) last announced its quarterly earnings data on Friday, August 9th. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. Evergy had a return on equity of 8.50% and a net margin of 13.12%. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the firm posted $0.81 EPS. On average, analysts predict that Evergy will post 3.85 EPS for the current year.

Insider Activity at Evergy

In other Evergy news, Director Ann D. Murtlow sold 3,301 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $58.85, for a total transaction of $194,263.85. Following the completion of the transaction, the director now owns 2,847 shares of the company’s stock, valued at $167,545.95. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Evergy news, Director Ann D. Murtlow sold 3,301 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $58.85, for a total value of $194,263.85. Following the sale, the director now owns 2,847 shares of the company’s stock, valued at $167,545.95. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Heather A. Humphrey sold 3,347 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total value of $196,803.60. Following the transaction, the senior vice president now owns 35,314 shares of the company’s stock, valued at $2,076,463.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,884 shares of company stock worth $941,810. Company insiders own 0.47% of the company’s stock.

Hedge Funds Weigh In On Evergy

Several institutional investors have recently bought and sold shares of EVRG. Fairscale Capital LLC purchased a new position in shares of Evergy in the second quarter valued at approximately $27,000. Fidelis Capital Partners LLC acquired a new stake in Evergy during the 1st quarter worth approximately $32,000. Toth Financial Advisory Corp grew its stake in shares of Evergy by 199.5% in the first quarter. Toth Financial Advisory Corp now owns 635 shares of the company’s stock worth $34,000 after acquiring an additional 423 shares in the last quarter. Rothschild Investment LLC acquired a new position in shares of Evergy in the second quarter worth $37,000. Finally, Hantz Financial Services Inc. purchased a new stake in shares of Evergy during the second quarter worth $41,000. 87.24% of the stock is owned by institutional investors and hedge funds.

About Evergy

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.