Evergy (NYSE:EVRG) Upgraded at UBS Group

Evergy (NYSE:EVRG) was upgraded by equities research analysts at UBS Group to a “hold” rating in a report released on Wednesday, Zacks.com reports.

Separately, Barclays raised their target price on shares of Evergy from $61.00 to $64.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 13th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

Evergy Trading Down 0.8 %

Shares of EVRG stock opened at $61.07 on Wednesday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.59 and a quick ratio of 0.35. The company has a market cap of $14.04 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 3.12 and a beta of 0.62. Evergy has a 1 year low of $46.92 and a 1 year high of $62.24. The firm has a fifty day moving average price of $58.37 and a 200-day moving average price of $54.77.

Evergy (NYSE:EVRG) last released its quarterly earnings results on Friday, August 9th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.01. Evergy had a return on equity of 8.50% and a net margin of 13.12%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the company posted $0.81 earnings per share. As a group, equities analysts predict that Evergy will post 3.85 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Heather A. Humphrey sold 3,347 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total transaction of $196,803.60. Following the completion of the transaction, the senior vice president now directly owns 35,314 shares of the company’s stock, valued at $2,076,463.20. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, SVP Charles A. Caisley sold 9,236 shares of Evergy stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $59.63, for a total value of $550,742.68. Following the completion of the transaction, the senior vice president now owns 33,425 shares in the company, valued at approximately $1,993,132.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Heather A. Humphrey sold 3,347 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $58.80, for a total value of $196,803.60. Following the transaction, the senior vice president now directly owns 35,314 shares in the company, valued at approximately $2,076,463.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,884 shares of company stock worth $941,810. 0.47% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. GPS Wealth Strategies Group LLC lifted its holdings in shares of Evergy by 12.3% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,705 shares of the company’s stock worth $90,000 after acquiring an additional 187 shares during the last quarter. Wealthspire Advisors LLC lifted its stake in Evergy by 1.0% in the first quarter. Wealthspire Advisors LLC now owns 19,009 shares of the company’s stock worth $1,015,000 after purchasing an additional 192 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Evergy by 16.3% during the second quarter. Blue Trust Inc. now owns 1,483 shares of the company’s stock valued at $79,000 after buying an additional 208 shares during the period. Keeley Teton Advisors LLC grew its stake in shares of Evergy by 0.6% during the first quarter. Keeley Teton Advisors LLC now owns 37,950 shares of the company’s stock valued at $2,026,000 after buying an additional 210 shares during the last quarter. Finally, J.W. Cole Advisors Inc. raised its holdings in shares of Evergy by 1.5% in the second quarter. J.W. Cole Advisors Inc. now owns 15,650 shares of the company’s stock worth $829,000 after buying an additional 227 shares during the period. 87.24% of the stock is owned by hedge funds and other institutional investors.

Evergy Company Profile

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.