Evergy Inc (NASDAQ: EVRG) is 2.26% higher on its value in year-to-date trading and has touched a low of $46.92 and a high of $63.93 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The EVRG stock was last observed hovering at around $53.05 in the last trading session, with the day’s gains setting it 0.33%.
Currently trading at $53.38, the stock is 4.22% and 5.63% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.02 million and changing 0.62% at the moment leaves the stock 0.41% off its SMA200. EVRG registered -9.89% loss for a year compared to 6-month loss of 4.56%. The firm has a 50-day simple moving average (SMA 50) of $4.61 and a 200-day simple moving average (SMA200) of $10.50.
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The stock witnessed a 7.21% gain in the last 1 month and extending the period to 3 months gives it a 2.95%, and is 3.07% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.78% over the week and 1.77% over the month.
Evergy Inc (EVRG) has around 4658 employees, a market worth around $12.26B and $5.51B in sales. Current P/E ratio is 16.80 and Fwd P/E is 13.22. Profit margin for the company is 13.28%. Distance from 52-week low is 13.77% and -16.50% from its 52-week high. The company has generated returns on investments over the last 12 months (3.51%).
Evergy Inc quarterly earnings per share for the current quarter are estimated at $0.66 with sales reaching $1.32B over the same period.The EPS is expected to grow by 8.10% this year, but quarterly earnings will post 8.00% year-over-year. Quarterly sales are estimated to grow 1.60% in year-over-year returns.
Evergy Inc (EVRG) Top Institutional Holders
951 institutions hold shares in Evergy Inc (EVRG), with institutional investors hold 90.21% of the company’s shares. The shares outstanding are 229.73M, and float is at 225.97M with Short Float at 3.31%. Institutions hold 89.99% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 29.17 million shares valued at $1.7 billion. The investor’s holdings represent 12.71% of the EVRG Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 17.61 million shares valued at $1.03 billion to account for 7.67% of the shares outstanding. The other top investors are State Street Corporation which holds 13.92 million shares representing 6.06% and valued at over $813.09 million, while Price (T.Rowe) Associates Inc holds 4.05% of the shares totaling 9.3 million with a market value of $543.05 million.
Evergy Inc (EVRG) Insider Activity
The most recent transaction is an insider sale by Landrieu Mary L.,the company’sDirector. SEC filings show that Landrieu Mary L. sold 1,170 shares of the company’s common stock on Jun 14 ’23 at a price of $59.62 per share for a total of $69755.0. Following the sale, the insider now owns 4210.0 shares.
Evergy Inc disclosed in a document filed with the SEC on May 25 ’23 that Elwell Lesley Lissette (SVP & CHIEF HRO & CHIEF DO) sold a total of 1,328 shares of the company’s common stock. The trade occurred on May 25 ’23 and was made at $57.67 per share for $76585.0. Following the transaction, the insider now directly holds 27.0 shares of the EVRG stock.
Still, SEC filings show that on May 12 ’23, Lawrence Sandra AJ (Director) disposed off 2,523 shares at an average price of $62.32 for $0.16 million. The insider now directly holds 480 shares of Evergy Inc (EVRG).
