Evergy Inc (NASDAQ: EVRG) is 2.24% higher on its value in year-to-date trading and has touched a low of $48.04 and a high of $65.47 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 $61.68 in the last trading session, with the day’s gains setting it 1.25%.
Currently trading at $62.93, the stock is 2.76% and 0.96% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.61 million and changing 2.03% at the moment leaves the stock 8.58% off its SMA200. EVRG registered 19.05% gain for a year compared to 6-month gain of 13.86%. The firm has a 50-day simple moving average (SMA 50) of $62.3298 and a 200-day simple moving average (SMA200) of $57.95775.
The stock witnessed a 1.65% loss in the last 1 month and extending the period to 3 months gives it a 4.29%, and is 3.32% 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 1.70% over the week and 1.49% over the month.
Evergy Inc (EVRG) has around 4658 employees, a market worth around $14.47B and $5.80B in sales. Current P/E ratio is 17.00 and Fwd P/E is 15.61. Profit margin for the company is 14.72%. Distance from 52-week low is 31.00% and -3.88% from its 52-week high. The company has generated returns on investments over the last 12 months (3.95%).
with sales reaching $1.07B over the same period.The EPS is expected to grow by 8.39% this year, but quarterly earnings will post 5.74% year-over-year. Quarterly sales are estimated to shrink -9.59% in year-over-year returns.
974.0 institutions hold shares in Evergy Inc (EVRG), with institutional investors hold 88.65% of the company’s shares. The shares outstanding are 229.97M, and float is at 226.72M with Short Float at 4.27%. Institutions hold 88.46% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 30.29 million shares valued at $1.6 billion. The investor’s holdings represent 13.1562 of the EVRG Shares outstanding. As of 2024-06-30, the second largest holder is STATE STREET CORP with 16.45 million shares valued at $871.58 million to account for 7.1478 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 16.39 million shares representing 7.1217 and valued at over $868.39 million, while ZIMMER PARTNERS, LP holds 2.5417 of the shares totaling 5.85 million with a market value of $309.92 million.
Evergy Inc (EVRG) Insider Activity
The most recent transaction is an insider sale by KING CHARLES L, the company’s SVP & CHIEF TECHNOLOGY OFFICER. SEC filings show that KING CHARLES L sold 2,300 shares of the company’s common stock on Nov 27 ’24 at a price of $65.22 per share for a total of $0.15 million. Following the sale, the insider now owns 14634.0 shares.
Still, SEC filings show that on Nov 13 ’24, Bryant Kevin E. (EVP – CORPORATE INITIATIVES) disposed off 48,141 shares at an average price of $62.93 for $3.03 million. The insider now directly holds 1 shares of Evergy Inc (EVRG).
