Evergy (EVRG) Stock Rating Upgraded by Bank of America

Evergy (NASDAQ:EVRG) was upgraded by investment analysts at Bank of America from a “neutral” rating to a “buy” rating in a research report issued on Tuesday, MarketBeat Ratings reports. The brokerage currently has a $62.00 price objective on the stock. Bank of America‘s target price suggests a potential upside of 6.11% from the stock’s current price.

A number of other brokerages have also commented on EVRG. Zacks Investment Research raised shares of Evergy from a “hold” rating to a “strong-buy” rating and set a $64.00 price objective on the stock in a report on Friday, January 11th. Goldman Sachs Group downgraded shares of Evergy from a “neutral” rating to a “sell” rating and raised their target price for the stock from $53.00 to $56.00 in a report on Friday, January 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Evergy has an average rating of “Buy” and a consensus target price of $59.58.

Shares of NASDAQ EVRG traded up $0.36 during trading hours on Tuesday, hitting $58.43. 6,525 shares of the stock were exchanged, compared to its average volume of 1,714,550. Evergy has a one year low of $48.47 and a one year high of $61.10.

In other Evergy news, insider Terry D. Bassham sold 10,940 shares of the business’s stock in a transaction that occurred on Tuesday, December 4th. The stock was sold at an average price of $60.54, for a total value of $662,307.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Anthony D. Somma sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, December 14th. The shares were sold at an average price of $60.17, for a total value of $60,170.00. The disclosure for this sale can be found here. Insiders have sold a total of 13,940 shares of company stock valued at $839,098 in the last ninety days.

A number of hedge funds have recently bought and sold shares of the business. Riverview Trust Co purchased a new stake in shares of Evergy during the fourth quarter worth about $37,000. Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of Evergy by 1.6% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 16,430 shares of the company’s stock worth $933,000 after acquiring an additional 260 shares during the last quarter. Advisor Group Inc. raised its position in Evergy by 16.4% during the 4th quarter. Advisor Group Inc. now owns 14,383 shares of the company’s stock valued at $815,000 after purchasing an additional 2,024 shares in the last quarter. Jaffetilchin Investment Partners LLC bought a new position in shares of Evergy in the 4th quarter worth $540,000. Finally, Raymond James Financial Services Advisors Inc. grew its stake in Evergy by 3.8% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 33,466 shares of the company’s stock worth $1,900,000 after buying an additional 1,227 shares during the last quarter.

Evergy Company Profile

Westar Energy, Inc engages in the generation, transmission and distribution of electricity in Kansas. It provides electricity to residential, commercial, and industrial customers in the cities of Topeka, Lawrence, Manhattan, Salina, and Hutchinson. The company was founded in 1924 and is headquartered in Topeka, KS.

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Analyst Recommendations for Evergy (NASDAQ:EVRG)

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