Evergy (EVRG) Receiving Somewhat Favorable News Coverage, Report Shows

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Press coverage about Evergy (NASDAQ:EVRG) has trended somewhat positive on Friday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Evergy earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news stories about the company an impact score of 45.5701963082754 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Shares of NASDAQ EVRG traded down $0.65 during midday trading on Friday, reaching $58.30. The company’s stock had a trading volume of 1,544,100 shares, compared to its average volume of 1,390,273. Evergy has a fifty-two week low of $47.06 and a fifty-two week high of $59.28.

Evergy (NASDAQ:EVRG) last issued its earnings results on Thursday, August 9th. The company reported $0.56 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.56. The firm had revenue of $893.40 million for the quarter, compared to analyst estimates of $623.51 million. Evergy’s quarterly revenue was up 46.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.50 earnings per share.

The company also recently announced a dividend, which will be paid on Thursday, September 20th. Investors of record on Wednesday, August 29th will be issued a dividend of $0.46 per share. The ex-dividend date is Tuesday, August 28th.

EVRG has been the topic of a number of recent research reports. SunTrust Banks initiated coverage on shares of Evergy in a report on Tuesday, June 5th. They issued a “buy” rating and a $61.00 price objective on the stock. Bank of America initiated coverage on shares of Evergy in a report on Tuesday, June 5th. They issued a “neutral” rating on the stock. Zacks Investment Research downgraded shares of Evergy from a “buy” rating to a “hold” rating in a report on Friday, June 8th. Guggenheim initiated coverage on shares of Evergy in a report on Friday, June 15th. They issued a “buy” rating and a $58.00 price objective on the stock. Finally, UBS Group lifted their price objective on shares of Evergy from $56.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday, June 21st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $59.75.

In related news, Director Richard L. Hawley sold 2,100 shares of the business’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of $57.26, for a total transaction of $120,246.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mark A. Ruelle sold 43,500 shares of the business’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $57.51, for a total transaction of $2,501,685.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 97,850 shares of company stock worth $5,630,486.

Evergy Company Profile

Westar Energy, Inc engages in the generation, transmission and distribution of electricity in Kansas. It provides electricity to residential, commercial, and industrial customers in the cities of Topeka, Lawrence, Manhattan, Salina, and Hutchinson. The company was founded in 1924 and is headquartered in Topeka, KS.

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Insider Buying and Selling by Quarter for Evergy (NASDAQ:EVRG)

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