Evergy Inc (EVRG): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that Evergy Announces 2023 Results, Declares Quarterly Dividend and Issues 2024 Guidance.

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Stocks Info

This NASDAQ-listed company operates within the Utilities – Regulated Electric industry segment, falling under the Utilities sector. The current market capitalization of Evergy Inc is $11.64B. A total of 3.01 million shares were traded on the day, compared to an average of 2.83M shares.

In the most recent transaction, Landrieu Mary L. sold 1,170 shares of EVRG for 59.62 per share on Jun 14 ’23. After the transaction, the Director now owns 4,210 company shares. In a previous transaction on May 25 ’23, Elwell Lesley Lissette sold 1,328 shares at 57.67 per share. EVRG shares that SVP & CHIEF HRO & CHIEF DO owns now total 27.

Among the insiders who sold shares, Lawrence Sandra AJ disposed of 2,523 shares on May 12 ’23 at a per-share price of $62.32. This resulted in the Director holding 480 shares of EVRG after the transaction. In another insider transaction, Bryant Kevin E. sold 22,500 shares at $59.81 per share on Mar 09 ’23. Company shares held by the EVP – CHIEF OPERATING OFFICER now total 32,993.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Evergy Inc pays an annual dividend of $2.48, resulting in a dividend yield of 4.89%, and it has a price to earnings (P/E) ratio of 15.95.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, EVRG has a high of $63.93 and a low of $46.92.

As of this writing, EVRG has an earnings estimate of $0.65 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.71 per share and a lower estimate of $0.59. The company reported an EPS of $1.88 in the last quarter, which was 2.20% higher than expectations of $1.84.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. EVRG’s latest balance sheet shows that the firm has $26.20M in Cash & Short Term Investments as of fiscal 2021. There were $11.17B in debt and $3.10B in liabilities at the time. Its Book Value Per Share was $42.06, while its Total Shareholder’s Equity was $9.24B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for EVRG is Buy with a score of 3.67.

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