Evergy (NASDAQ:EVRG) Rating Lowered to “Sell” at Wall Street Zen

Evergy (NASDAQ:EVRG) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Monday.

Several other research analysts have also recently issued reports on EVRG. Citigroup upped their price objective on Evergy from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Barclays reaffirmed an “outperform” rating on shares of Evergy in a report on Thursday, October 9th. UBS Group raised their price objective on shares of Evergy from $81.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday. Weiss Ratings restated a “buy (b-)” rating on shares of Evergy in a research report on Tuesday, December 16th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $76.00 target price (down from $86.00) on shares of Evergy in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $81.17.

Evergy Trading Down 1.1%

Shares of NASDAQ:EVRG opened at $72.47 on Monday. Evergy has a 52 week low of $59.67 and a 52 week high of $79.32. The company’s 50 day moving average is $76.13 and its two-hundred day moving average is $72.82. The company has a market cap of $16.68 billion, a PE ratio of 19.85, a P/E/G ratio of 3.14 and a beta of 0.65. The company has a current ratio of 0.52, a quick ratio of 0.30 and a debt-to-equity ratio of 1.20.

Evergy (NASDAQ:EVRG) last released its quarterly earnings data on Wednesday, November 5th. The company reported $2.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.14 by ($0.11). The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Evergy had a return on equity of 8.66% and a net margin of 14.45%.Evergy’s revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the firm posted $2.02 earnings per share. Equities analysts predict that Evergy will post 3.83 earnings per share for the current fiscal year.

Institutional Trading of Evergy

A number of large investors have recently bought and sold shares of EVRG. Simplicity Wealth LLC acquired a new stake in shares of Evergy during the second quarter worth $778,000. Amundi increased its stake in Evergy by 14.2% in the 1st quarter. Amundi now owns 140,301 shares of the company’s stock valued at $9,710,000 after buying an additional 17,477 shares during the period. Wedmont Private Capital raised its position in Evergy by 11.8% during the 2nd quarter. Wedmont Private Capital now owns 3,845 shares of the company’s stock worth $265,000 after buying an additional 406 shares during the last quarter. Integrity Alliance LLC. purchased a new position in Evergy during the 1st quarter worth $319,000. Finally, Callan Family Office LLC acquired a new stake in shares of Evergy in the 2nd quarter worth $413,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Company Profile

Evergy, Inc is a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers primarily across Kansas and western Missouri. The company provides core utility services including retail electric delivery, grid operations, customer service and outage restoration, operating under state regulatory frameworks. Evergy serves a mix of urban and rural communities, including portions of the Kansas City metropolitan area and other population centers in its service territory.

The company’s business activities span power generation, system planning, transmission and distribution infrastructure, and customer-facing programs such as energy efficiency and demand-side management.