Evergy (NASDAQ:EVRG) Stock Rating Upgraded by LADENBURG THALM/SH SH

LADENBURG THALM/SH SH upgraded shares of Evergy (NASDAQ:EVRG) to a strong-buy rating in a report released on Monday morning,Zacks.com reports.

A number of other brokerages also recently weighed in on EVRG. Barclays upped their price target on shares of Evergy from $62.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $68.42.

Evergy Stock Performance

EVRG stock opened at $67.10 on Monday. The company has a market capitalization of $15.43 billion, a P/E ratio of 18.14, a PEG ratio of 2.82 and a beta of 0.62. The company has a 50-day simple moving average of $65.30 and a 200 day simple moving average of $62.93. Evergy has a fifty-two week low of $49.55 and a fifty-two week high of $69.93. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15.

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

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be issued a dividend of $0.6675 per share. The ex-dividend date is Monday, March 10th. This represents a $2.67 annualized dividend and a yield of 3.98%. Evergy’s payout ratio is presently 70.45%.

Institutional Trading of Evergy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Lee Danner & Bass Inc. acquired a new stake in Evergy during the 4th quarter worth about $26,000. National Pension Service acquired a new position in shares of Evergy in the 4th quarter valued at about $30,000. Bank of Jackson Hole Trust acquired a new position in shares of Evergy in the 4th quarter valued at about $31,000. Truvestments Capital LLC acquired a new position in shares of Evergy in the 3rd quarter valued at about $32,000. Finally, Colonial Trust Co SC acquired a new position in shares of Evergy in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

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.