Evergy, Inc. (NASDAQ:EVRG) Receives Average Rating of 'Moderate Buy' from Analysts

According to MarketBeat.com, Evergy, Inc. (NASDAQ:EVRG) has been given an average rating of "Moderate Buy" by nine brokerages currently covering its stock. Among these analysts, one has assigned a hold rating, while eight others have rated the stock as a buy. Analysts have set an average price target of $65.36 for Evergy over the next twelve months, based on their recent evaluations.

Several research analysts have recently provided insights regarding Evergy. On January 23rd, Guggenheim upgraded its rating for Evergy from "neutral" to "buy." Additionally, on January 2nd, LADENBURG THALM/SH SH raised its rating from "neutral" to "buy" and adjusted its price target for the stock from $59.00 to $68.50. On the other hand, Barclays reduced its target price from $65.00 to $62.00 while maintaining an "overweight" rating on January 27th. Mizuho also initiated coverage of Evergy on October 29th, announcing an "outperform" rating along with a price target of $67.00.

Institutional Investors and Trading Activity

Recent institutional trading trends indicate a significant interest in Evergy. Several hedge funds have changed their positions in the company. For instance, Lee Danner & Bass Inc. bought a new stake in Evergy amounting to $26,000 during the 4th quarter. The National Pension Service also acquired a new position valued at $30,000 in the same quarter. Bank of Jackson Hole Trust made a new purchase around the same time, valued at approximately $31,000. Furthermore, Truvestments Capital LLC and Colonial Trust Co SC also made new investments in Evergy during the 4th quarter, both valued at around $32,000 each. It is notable that institutional investors and hedge funds collectively own 87.24% of the company's stock.

Current Stock Performance

As of Friday, shares of EVRG are trading at $67.07. The stock has a 50-day moving average of $62.91 and a 200-day moving average of $61.71. Evergy's current market capitalization stands at $15.42 billion, with a price-to-earnings (P/E) ratio of 18.13 and a price-to-earnings-growth (PEG) ratio of 2.75. The stock has experienced a 1-year low of $48.60 and a high of $67.89. The company's debt-to-equity ratio is 1.15, while its current ratio and quick ratio stand at 0.55 and 0.32, respectively.

About Evergy, Inc.

Evergy, Inc. operates in the energy industry, focusing on the generation, transmission, distribution, and sale of electricity throughout the United States. The company utilizes various sources for electricity generation, including coal, landfill gas, uranium, and natural gas and oil, in addition to renewable sources like solar and wind. Evergy serves a diverse clientele, including residential, commercial, and industrial customers, as well as municipalities and other electric utilities.

Evergy, Brokerages, Buy