Evergy (NASDAQ:EVRG) Upgraded at Wall Street Zen

Evergy (NASDAQ:EVRG) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Sunday.

EVRG has been the subject of a number of other reports. Citigroup increased their target price on Evergy from $79.00 to $89.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. Barclays restated an “outperform” rating on shares of Evergy in a report on Thursday, October 9th. Royal Bank Of Canada raised Evergy to a “moderate buy” rating in a research report on Tuesday, October 28th. Wells Fargo & Company upgraded shares of Evergy to a “hold” rating in a research note on Tuesday, October 28th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Evergy in a report on Thursday, December 4th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $80.72.

Evergy Stock Up 0.6%

Evergy stock opened at $73.80 on Friday. The firm has a market capitalization of $16.99 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 3.20 and a beta of 0.65. The company’s 50 day simple moving average is $76.54 and its 200 day simple moving average is $72.52. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.52 and a quick ratio of 0.30. Evergy has a fifty-two week low of $59.67 and a fifty-two week high of $79.32.

Evergy (NASDAQ:EVRG) last posted its earnings results on Wednesday, November 5th. The company reported $2.03 earnings per share for the quarter, missing the consensus estimate of $2.14 by ($0.11). The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $2.24 billion. Evergy had a return on equity of 8.66% and a net margin of 14.45%.The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the business posted $2.02 earnings per share. As a group, sell-side analysts anticipate that Evergy will post 3.83 EPS for the current year.

Insider Transactions at Evergy

In other Evergy news, SVP Lesley Lissette Elwell sold 8,000 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $72.33, for a total value of $578,640.00. Following the completion of the transaction, the senior vice president directly owned 499 shares in the company, valued at approximately $36,092.67. This trade represents a 94.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.42% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Evergy

A number of hedge funds have recently modified their holdings of the business. Accredited Wealth Management LLC grew its holdings in Evergy by 1,310.3% during the 3rd quarter. Accredited Wealth Management LLC now owns 409 shares of the company’s stock worth $31,000 after acquiring an additional 380 shares during the period. AlphaCore Capital LLC acquired a new position in shares of Evergy during the second quarter worth approximately $33,000. Sentry Investment Management LLC bought a new position in shares of Evergy in the third quarter valued at $41,000. Root Financial Partners LLC acquired a new position in Evergy during the 3rd quarter valued at about $44,000. Finally, CYBER HORNET ETFs LLC bought a new position in shares of Evergy during the 2nd quarter worth approximately $42,000. 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.