Evergy Inc. [NYSE: EVRG] slipped around -1.26 points on Thursday, while shares priced at $58.19 at the close of the session, down -2.12%. The company report on November 4, 2022 that Evergy Announces Third Quarter 2022 Results.
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Third quarter 2022 GAAP earnings per share (EPS) of $1.86, Adjusted EPS (Non-GAAP) of $2.01.
Increases quarterly dividend 7%, to $0.6125 per share, annualized to $2.45.
Evergy Inc. stock is now -15.19% down from its year-to-date (YTD) trading value. EVRG Stock saw the intraday high of $58.81 and lowest of $57.98 per share. The company’s 52-week high price is 73.12, which means current price is +7.52% above from all time high which was touched on 04/21/22.
Compared to the average trading volume of 1.32M shares, EVRG reached a trading volume of 2308834 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Evergy Inc. [EVRG]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EVRG shares is $65.89 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EVRG stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
UBS have made an estimate for Evergy Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 30, 2022. While these analysts kept the previous recommendation, Credit Suisse raised their target price to Outperform. The new note on the price target was released on April 26, 2022, representing the official price target for Evergy Inc. stock.
The Average True Range (ATR) for Evergy Inc. is set at 1.84, with the Price to Sales ratio for EVRG stock in the period of the last 12 months amounting to 2.43. The Price to Book ratio for the last quarter was 1.39, with the Price to Cash per share for the same quarter was set at 0.10.
How has EVRG stock performed recently?
Evergy Inc. [EVRG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.69. With this latest performance, EVRG shares dropped by -0.22% in over the last four-week period, additionally sinking by -12.76% over the last 6 months – not to mention a drop of -11.43% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EVRG stock in for the last two-week period is set at 43.22, with the RSI for the last a single of trading hit 41.49, and the three-weeks RSI is set at 43.60 for Evergy Inc. [EVRG]. The present Moving Average for the last 50 days of trading for this stock 61.41, while it was recorded at 58.83 for the last single week of trading, and 65.42 for the last 200 days.
Evergy Inc. [EVRG]: Deeper insight into the fundamentals
Evergy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.50.
Earnings analysis for Evergy Inc. [EVRG]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for EVRG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Evergy Inc. go to 3.60%.
Insider trade positions for Evergy Inc. [EVRG]
There are presently around $11,306 million, or 86.30% of EVRG stock, in the hands of institutional investors. The top three institutional holders of EVRG stocks are: VANGUARD GROUP INC with ownership of 29,082,925, which is approximately -1.352% of the company’s market cap and around 0.22% of the total institutional ownership; CAPITAL INTERNATIONAL INVESTORS, holding 20,550,403 shares of the stock with an approximate value of $1.2 billion in EVRG stocks shares; and BLACKROCK INC., currently with $991.67 million in EVRG stock with ownership of nearly 0.21% of the company’s market capitalization.
317 institutional holders increased their position in Evergy Inc. [NYSE:EVRG] by around 9,083,835 shares. Additionally, 264 investors decreased positions by around 8,281,497 shares, while 135 investors held positions by with 176,924,334 shares. The mentioned changes placed institutional holdings at 194,289,666 shares, according to the latest SEC report filing. EVRG stock had 71 new institutional investments in for a total of 1,279,064 shares, while 55 institutional investors sold positions of 594,614 shares during the same period.