Evergy (NYSE:EVRG) had its target price lowered by UBS Group from $68.00 to $67.00 in a research note issued to investors on Friday morning, BenzingaRatingsTable reports. UBS Group currently has a neutral rating on the stock.

EVRG has been the subject of several other reports. ValuEngine downgraded Evergy from a buy rating to a hold rating in a research report on Wednesday, October 2nd. SunTrust Banks increased their target price on Evergy from $66.00 to $67.00 and gave the company a buy rating in a research report on Friday, August 9th. Zacks Investment Research upgraded Evergy from a sell rating to a hold rating and set a $68.00 target price for the company in a research report on Wednesday, August 14th. Bank of America downgraded Evergy from a buy rating to a neutral rating and set a $67.00 target price for the company. in a research report on Thursday, October 10th. Finally, Guggenheim increased their target price on Evergy from $65.00 to $70.00 and gave the company a buy rating in a research report on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The company has a consensus rating of Hold and an average target price of $66.29.

Evergy stock opened at $63.36 on Friday. The company has a current ratio of 0.44, a quick ratio of 0.30 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $14.87 billion, a PE ratio of 23.73, a P/E/G ratio of 3.33 and a beta of 0.16. Evergy has a 12 month low of $54.57 and a 12 month high of $67.81. The stock has a 50-day moving average price of $65.04 and a two-hundred day moving average price of $61.22.

Evergy (NYSE:EVRG) last posted its earnings results on Wednesday, August 7th. The company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.02). The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.33 billion. Evergy had a net margin of 11.74% and a return on equity of 6.44%. During the same quarter in the prior year, the business posted $0.67 earnings per share. As a group, analysts predict that Evergy will post 2.88 earnings per share for the current fiscal year.

In related news, EVP Greg A. Greenwood sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $63.23, for a total transaction of $379,380.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Heather A. Humphrey sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $66.20, for a total value of $66,200.00. Insiders have sold 11,000 shares of company stock valued at $706,300 in the last ninety days. 0.38% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. Invesco Ltd. grew its stake in Evergy by 34.3% in the second quarter. Invesco Ltd. now owns 4,879,106 shares of the company’s stock valued at $293,478,000 after acquiring an additional 1,246,803 shares during the period. Commonwealth Bank of Australia lifted its holdings in shares of Evergy by 1.8% in the second quarter. Commonwealth Bank of Australia now owns 4,100,212 shares of the company’s stock valued at $246,616,000 after purchasing an additional 74,101 shares in the last quarter. Magellan Asset Management Ltd lifted its holdings in shares of Evergy by 12.2% in the second quarter. Magellan Asset Management Ltd now owns 2,554,985 shares of the company’s stock valued at $153,682,000 after purchasing an additional 276,878 shares in the last quarter. APG Asset Management N.V. lifted its holdings in shares of Evergy by 40.8% in the second quarter. APG Asset Management N.V. now owns 2,158,522 shares of the company’s stock valued at $114,010,000 after purchasing an additional 626,000 shares in the last quarter. Finally, California Public Employees Retirement System lifted its holdings in shares of Evergy by 19.6% in the second quarter. California Public Employees Retirement System now owns 1,977,453 shares of the company’s stock valued at $118,944,000 after purchasing an additional 324,016 shares in the last quarter. 84.48% of the stock is owned by hedge funds and other institutional investors.

About Evergy

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 (NYSE:EVRG)

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