Evergy (NASDAQ:EVRG) was downgraded by equities research analysts at Wells Fargo & Co from an “outperform” rating to a “market perform” rating in a report released on Wednesday, The Fly reports. The analysts noted that the move was a valuation call.
Several other research firms have also commented on EVRG. Zacks Investment Research upgraded shares of Evergy from a “sell” rating to a “hold” rating and set a $68.00 price target on the stock in a report on Wednesday. UBS Group raised their price target on shares of Evergy from $58.00 to $61.00 and gave the company a “neutral” rating in a report on Friday, June 7th. Finally, SunTrust Banks raised their price target on shares of Evergy from $66.00 to $67.00 and gave the company a “buy” rating in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Evergy has an average rating of “Hold” and a consensus target price of $62.67.
NASDAQ EVRG opened at $63.76 on Wednesday. Evergy has a one year low of $54.19 and a one year high of $64.38. The firm has a 50 day simple moving average of $61.16.
Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.02). The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter last year, the firm earned $0.67 EPS.
In other news, EVP Greg A. Greenwood sold 5,000 shares of Evergy stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $59.32, for a total transaction of $296,600.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Heather A. Humphrey sold 1,000 shares of Evergy stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $58.24, for a total transaction of $58,240.00. The disclosure for this sale can be found here.
Institutional investors and hedge funds have recently bought and sold shares of the company. Truvestments Capital LLC purchased a new stake in shares of Evergy during the first quarter valued at approximately $25,000. CWM LLC raised its stake in shares of Evergy by 325.0% during the second quarter. CWM LLC now owns 425 shares of the company’s stock valued at $26,000 after purchasing an additional 325 shares during the period. Rockefeller Capital Management L.P. raised its stake in shares of Evergy by 66.3% during the second quarter. Rockefeller Capital Management L.P. now owns 424 shares of the company’s stock valued at $26,000 after purchasing an additional 169 shares during the period. Blue Sky Asset Management LLC acquired a new stake in shares of Evergy during the first quarter worth approximately $32,000. Finally, Bremer Bank National Association acquired a new stake in shares of Evergy during the first quarter worth approximately $37,000.
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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