Evergy (NASDAQ:EVRG) has been assigned an average recommendation of “Hold” from the seven brokerages that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $59.50.

Several analysts recently commented on EVRG shares. Goldman Sachs Group cut shares of Evergy from a “neutral” rating to a “sell” rating and raised their price target for the stock from $53.00 to $56.00 in a report on Friday, January 4th. Bank of America upgraded shares of Evergy from a “neutral” rating to a “buy” rating and set a $62.00 price target for the company in a report on Tuesday, February 12th. Finally, Zacks Investment Research upgraded shares of Evergy from a “hold” rating to a “strong-buy” rating and set a $64.00 price target for the company in a report on Friday, January 11th.

In other Evergy news, SVP Charles A. Caisley sold 2,632 shares of Evergy stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $57.57, for a total value of $151,524.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Greg A. Greenwood sold 8,000 shares of Evergy stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $57.28, for a total transaction of $458,240.00. The disclosure for this sale can be found here. Insiders sold 13,632 shares of company stock valued at $781,994 over the last quarter.

A number of hedge funds and other institutional investors have recently bought and sold shares of EVRG. First PREMIER Bank lifted its stake in shares of Evergy by 0.6% in the fourth quarter. First PREMIER Bank now owns 45,289 shares of the company’s stock worth $2,571,000 after buying an additional 255 shares during the last quarter. Morgan Stanley lifted its stake in shares of Evergy by 64.7% in the third quarter. Morgan Stanley now owns 1,854,479 shares of the company’s stock worth $101,847,000 after buying an additional 728,308 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Evergy by 1.3% in the third quarter. Bank of New York Mellon Corp now owns 2,483,076 shares of the company’s stock worth $136,371,000 after buying an additional 31,887 shares during the last quarter. Creative Planning lifted its stake in shares of Evergy by 6.9% in the fourth quarter. Creative Planning now owns 43,612 shares of the company’s stock worth $2,476,000 after buying an additional 2,811 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in shares of Evergy by 381.1% in the fourth quarter. Canada Pension Plan Investment Board now owns 683,964 shares of the company’s stock worth $38,825,000 after buying an additional 541,784 shares during the last quarter.

EVRG stock opened at $57.95 on Friday. Evergy has a 52 week low of $50.47 and a 52 week high of $61.10.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Thursday, February 21st. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.16). The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.26 billion.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Monday, March 4th were paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend was Friday, March 1st.

Evergy Company Profile

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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Analyst Recommendations for Evergy (NASDAQ:EVRG)

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