Evergy (EVRG) Receives Consensus Rating of “Hold” from Analysts
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.
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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