Evergy (NYSE:EVRG – Get Rating) had its target price lowered by Bank of America from $74.00 to $68.00 in a report issued on Wednesday, The Fly reports. Bank of America's target price indicates a potential upside of 12.42% from the company's current price.
Separately, UBS Group lowered Evergy from a "buy" rating to a "neutral" rating and cut their target price for the company from $78.00 to $70.00 in a research report on Thursday, June 30th.
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Evergy Stock Down 4.3 %
Shares of NYSE:EVRG opened at $60.49 on Wednesday. The company has a market capitalization of $13.88 billion, a price-to-earnings ratio of 17.04, a price-to-earnings-growth ratio of 3.35 and a beta of 0.48. The company has a 50 day moving average of $68.21 and a two-hundred day moving average of $67.44. Evergy has a 52-week low of $59.34 and a 52-week high of $73.13. The company has a quick ratio of 0.33, a current ratio of 0.50 and a debt-to-equity ratio of 0.99.
Evergy (NYSE:EVRG – Get Rating) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.02. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.23 billion. Evergy had a net
margin of 15.16% and a return on equity of 8.89%. The firm's quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 EPS. As a group, analysts forecast that Evergy will post 3.58 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Lansing Street Advisors bought a new position in shares of Evergy in the 1st quarter worth about $26,000. SWS Partners acquired a new position in Evergy in the first quarter valued at approximately $27,000. Private Trust Co. NA bought a new position in shares of Evergy during the second quarter valued at approximately $28,000. Baystate Wealth Management LLC raised its position in shares of Evergy by 135.7% during the 2nd quarter. Baystate Wealth Management LLC now owns 436 shares of the company's stock worth $29,000 after purchasing an additional 251 shares during the period. Finally, Truvestments Capital LLC bought a new stake in shares of Evergy in the 2nd quarter worth approximately $31,000. Institutional investors own 84.37% of the company's stock.
Evergy Company Profile
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Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Kansas and Missouri, the United States. It generates electricity through coal, hydroelectric, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources.
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