Notably, there have been price target changes for Evergy Inc. (NASDAQ:EVRG). Jefferies raised the target to $78, while Mizuho stood firm with a $70 target and Barclays lowered its target. UBS reiterated a 'Buy' rating, and BMO Capital initiated coverage with an 'Outperform' recommendation. Investors have seen returns of up to 32% over the past year. Meanwhile, USA Financial Formulas increased its position and Gateway Investment Advisers LLC purchased additional shares. However, Assenagon Asset Management S.A. and UMB Bank n.a. reduced their stakes.
A significant stock sale by a Director at Evergy caused some waves. However, Evergy's Q1 2025 Earnings Call highlighted a steady EPS and strategic growth plans. Despite this, Evergy's Q1 earnings and revenues lagged estimates. Evergy announced their First Quarter 2025 results, declared a quarterly dividend and reaffirmed 2025 guidance. Evergy remains a strong contender in the utilities market, buoyed by strategic investments and a focus on renewable expansion.
Evergy's ongoing influence and strong Strategic growth are evident by its large institutional ownership, standing at 89% of the company. The company will conduct its 2025 Shareholders Meeting online.
Evergy EVRG News Analytics from Fri, 09 Aug 2024 07:00:00 GMT to Sat, 14 Jun 2025 15:02:23 GMT - Rating 6 - Innovation 5 - Information 7 - Rumor 5
