Barclays Reaffirms Overweight Rating on Evergy (EVRG)

Evergy Inc. (NASDAQ:EVRG) is one of the 10 best regulated electric stocks to buy according to hedge funds.

As of the March 13 closing, Evergy Inc. (NASDAQ:EVRG) carried a moderately bullish consensus sentiment. 6 of the 9 analysts who provided coverage assigned a Buy rating to the stock, while 3 gave Hold calls. With no Sell rating, it has an estimated 1-year median target price of $87.44.

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On March 9, Barclays reaffirmed an Overweight rating on Evergy Inc. (NASDAQ:EVRG). The firm also increased its target price on the stock from $82 to $89. The firm acknowledged the company’s base plan, which supports the 8% bottom-line growth target set by the company.

Back on February 23, BMO Capital increased its price target on Evergy Inc. (NASDAQ:EVRG) to $87 from a previous target of $82. The firm maintained its Outperform rating on the company’s shares after its fourth-quarter results.

BMO Capital noted that the company’s results were impacted by unfavorable weather conditions by 2c, convertible notes dilution, and overall demand headwinds. However, investors seemed to be more focused on the company’s outlook, which remained positive.

Evergy Inc. (NASDAQ:EVRG) powers various sectors by generating and distributing electricity from a diverse energy portfolio. Their operations span traditional sources like coal and natural gas, as well as renewable sources like wind and solar. By serving residential, industrial, and municipal clients, they maintain a critical role in providing essential utility services and infrastructure.

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