Evergy (NASDAQ:EVRG) Hits New 1-Year High – Here’s What Happened

Evergy Inc. (NASDAQ:EVRG)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $79.39 and last traded at $79.00, with a volume of 554159 shares trading hands. The stock had previously closed at $78.75.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Mizuho reissued a “neutral” rating and issued a $76.00 price objective (down from $86.00) on shares of Evergy in a research report on Thursday, December 18th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $91.00 price objective on shares of Evergy in a report on Friday, January 23rd. Barclays boosted their target price on Evergy from $80.00 to $82.00 and gave the stock an “overweight” rating in a research note on Thursday, January 22nd. UBS Group increased their price target on shares of Evergy from $81.00 to $83.00 and gave the company a “buy” rating in a research note on Wednesday, December 17th. Finally, Wells Fargo & Company boosted their price objective on shares of Evergy from $77.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $83.63.

Evergy Stock Performance

The company has a market cap of $18.26 billion, a PE ratio of 21.73, a PEG ratio of 3.12 and a beta of 0.66. The stock has a 50 day simple moving average of $74.56 and a two-hundred day simple moving average of $74.54. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.52 and a quick ratio of 0.30.

Institutional Investors Weigh In On Evergy

Several hedge funds have recently made changes to their positions in EVRG. Illinois Municipal Retirement Fund increased its position in Evergy by 43.1% in the 4th quarter. Illinois Municipal Retirement Fund now owns 198,579 shares of the company’s stock valued at $14,395,000 after acquiring an additional 59,785 shares during the period. Brandes Investment Partners LP raised its stake in shares of Evergy by 3.1% during the fourth quarter. Brandes Investment Partners LP now owns 1,138,521 shares of the company’s stock worth $82,532,000 after purchasing an additional 34,767 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Evergy during the fourth quarter worth $1,151,000. Franklin Resources Inc. grew its position in Evergy by 0.6% in the 4th quarter. Franklin Resources Inc. now owns 6,091,518 shares of the company’s stock valued at $441,574,000 after buying an additional 33,457 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in Evergy by 7.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 28,967 shares of the company’s stock worth $2,100,000 after buying an additional 1,935 shares during the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Company Profile

Evergy, Inc is a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers primarily across Kansas and western Missouri. The company provides core utility services including retail electric delivery, grid operations, customer service and outage restoration, operating under state regulatory frameworks. Evergy serves a mix of urban and rural communities, including portions of the Kansas City metropolitan area and other population centers in its service territory.

The company’s business activities span power generation, system planning, transmission and distribution infrastructure, and customer-facing programs such as energy efficiency and demand-side management.