Evergy (NYSE:EVRG) Reaches New 12-Month High at $71.80

Evergy (NYSE:EVRG) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $71.80 and last traded at $71.51, with a volume of 5076 shares changing hands. The stock had previously closed at $71.37.

Several equities research analysts recently issued reports on EVRG shares. ValuEngine cut shares of Evergy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Bank of America downgraded shares of Evergy from a “neutral” rating to an “underperform” rating in a research note on Wednesday, November 27th. SunTrust Banks restated a “buy” rating and set a $73.00 target price on shares of Evergy in a report on Wednesday, January 22nd. They noted that the move was a valuation call. UBS Group decreased their price target on shares of Evergy from $68.00 to $67.00 and set a “neutral” rating for the company in a research report on Friday, October 18th. Finally, Zacks Investment Research downgraded Evergy from a “strong-buy” rating to a “hold” rating and set a $77.00 price target for the company. in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $69.83.

The stock has a market capitalization of $16.27 billion, a price-to-earnings ratio of 27.68, a price-to-earnings-growth ratio of 3.51 and a beta of 0.13. The firm has a 50-day moving average of $64.62 and a 200 day moving average of $63.86. The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.02.

Evergy (NYSE:EVRG) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.59 by ($0.02). Evergy had a return on equity of 6.96% and a net margin of 11.97%. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter last year, the firm posted $1.38 EPS. As a group, research analysts forecast that Evergy will post 2.89 EPS for the current year.

In related news, CFO Anthony D. Somma sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $64.96, for a total value of $129,920.00. Following the completion of the transaction, the chief financial officer now owns 50,636 shares in the company, valued at approximately $3,289,314.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Heather A. Humphrey sold 1,000 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $62.82, for a total value of $62,820.00. Following the transaction, the senior vice president now directly owns 35,337 shares in the company, valued at approximately $2,219,870.34. The disclosure for this sale can be found here. Insiders sold a total of 12,000 shares of company stock valued at $774,730 over the last three months. Corporate insiders own 0.38% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA raised its position in Evergy by 1.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,337,719 shares of the company’s stock worth $155,599,000 after purchasing an additional 24,388 shares during the period. California Public Employees Retirement System grew its position in Evergy by 1.8% during the third quarter. California Public Employees Retirement System now owns 2,013,758 shares of the company’s stock valued at $134,036,000 after buying an additional 36,305 shares during the period. Boston Partners grew its position in shares of Evergy by 6.8% during the 3rd quarter. Boston Partners now owns 1,973,855 shares of the company’s stock valued at $131,360,000 after acquiring an additional 126,468 shares during the period. Eagle Asset Management Inc. increased its stake in shares of Evergy by 14.5% in the 3rd quarter. Eagle Asset Management Inc. now owns 1,621,818 shares of the company’s stock worth $107,948,000 after purchasing an additional 205,670 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Evergy by 13.3% in the 3rd quarter. First Trust Advisors LP now owns 1,433,957 shares of the company’s stock worth $95,444,000 after purchasing an additional 168,480 shares in the last quarter. 86.17% of the stock is owned by institutional investors.

About Evergy (NYSE:EVRG)

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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