Market cap of Evergy Inc [EVRG] reaches 11.63B – now what?

Evergy Inc [NASDAQ: EVRG] closed the trading session at $50.64 on 11/29/23. The day’s price range saw the stock hit a low of $50.54, while the highest price level was $51.61. The company report on November 28, 2023 at 10:00 AM that Former MOPSC Commission Chairman Kevin Gunn to join Evergy.

Evergy, Inc. (NASDAQ: EVRG) announced today that Kevin Gunn will join its leadership team in January. Gunn will serve as Vice President of State and Federal Regulatory Policy with an emphasis on policies that support the company’s commitment to affordable and reliable service while continuing to invest in sustainable energy and infrastructure that keep Evergy and the communities it serves well-positioned to meet current and growing energy needs.

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“From main street to Jefferson City and Topeka to Washington D.C., there’s agreement that maintaining and investing in our power grid is of utmost importance. Driving strategy and policy that support investment for a grid that is resilient and reliable while prices remain competitive requires expertise and collaborative relationships,” said David Campbell, Evergy President and Chief Executive Officer. “Kevin has been recognized for his contribution to and expertise in energy and regulatory policy. I’m excited to have him join our Evergy leadership team.”.

The stocks have a year to date performance of -19.53 percent and weekly performance of 0.88 percent. The stock has been moved at -12.46 percent over the last six months. The stock has performed 4.46 percent around the most recent 30 days and changed -8.66 percent over the most recent 3-months.

If compared to the average trading volume of 2.31M shares, EVRG reached to a volume of 4230789 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $52.50 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 2.56. 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.

BofA Securities have made an estimate for Evergy Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 03, 2023.

The Average True Range (ATR) for Evergy Inc is set at 1.05, with the Price to Sales ratio for EVRG stock in the period of the last 12 months amounting to 2.08. The Price to Book ratio for the last quarter was 1.19, with the Price to Cash per share for the same quarter was set at 0.18.

EVRG stock trade performance evaluation

Evergy Inc [EVRG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.88. With this latest performance, EVRG shares gained by 4.46% in over the last four-week period, additionally sinking by -12.46% over the last 6 months – not to mention a drop of -13.72% 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 52.96, with the RSI for the last a single of trading hit 54.34, and the three-weeks RSI is set at 50.67 for Evergy Inc [EVRG]. The present Moving Average for the last 50 days of trading for this stock 50.07, while it was recorded at 50.80 for the last single week of trading, and 56.87 for the last 200 days.

Evergy Inc [EVRG]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Evergy Inc [EVRG] shares currently have an operating margin of +22.26 and a Gross Margin at +29.06. Evergy Inc’s Net Margin is presently recorded at +12.85.

Return on Total Capital for EVRG is now 6.18, given the latest momentum, and Return on Invested Capital for the company is 3.95. Return on Equity for this stock inclined to 8.04, with Return on Assets sitting at 2.60. When it comes to the capital structure of this company, Evergy Inc [EVRG] has a Total Debt to Total Equity ratio set at 128.21. Additionally, EVRG Total Debt to Total Capital is recorded at 56.18, with Total Debt to Total Assets ending up at 41.23. Long-Term Debt to Equity for the company is recorded at 105.51, with the Long-Term Debt to Total Capital now at 46.24.

Reflecting on the efficiency of the workforce at the company, Evergy Inc [EVRG] managed to generate an average of $166,822 per employee. Receivables Turnover for the company is 9.36 with a Total Asset Turnover recorded at a value of 0.20.Evergy Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.24 and a Current Ratio set at 0.39.

Earnings per share (EPS) analysis for Evergy Inc [EVRG] stock

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 2.50%.

Evergy Inc [EVRG]: Institutional Ownership

The top three institutional holders of EVRG stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in EVRG stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in EVRG stock with ownership which is approximately 5.7994%.