A Few Thoughts On Evergy Inc. (EVRG) and Uniti Group Inc. (UNIT): Returns And Value

The recent price movement of EVRG means that it is now down by -6.39% from its 52-week high and 16.33% up against its 52-week low prices. Over the past one week, the price volatility of EVRG stands at 1.68% while the volatility over the past one month is 1.44%. The beta score for this stock is 0.15. A beta score below 1 means that the stock has a low volatility while above 1 signifies that a stock is highly volatile at that particular moment, a data that traders use to keep tabs on their investments.

The company published its latest quarterly earnings, with the report showing that the company recorded 1.32 earnings per share (EPS) during that period. This report was above the expectations of analysts of 1.25 by 0.07. The revenue by the firm was 1.64B for the quarter.

The shares of Evergy Inc. (EVRG) dropped by -0.73%, leading to a loss of -$0.47 per share, and saw EVRG end the trading session at $63.48 on Wednesday 10/23/19. EVRG started the trading session at $64.22, before reaching a daily high of $64.495. It wasn’t able to sustain that growth though and soon jumped to hit a daily low of $63.34.

The trading volume on Wednesday stood at 1744217, which was below the stock’s 3-month average volume of 1.80 million shares, out of a total 234.76M shares. As the price of the stock dipped, the market valuation of the company dropped to 14.91 billion.

The shares of Uniti Group Inc. (NASDAQ: UNIT) went up by 0.78% by the end of the recent trading session. This movement saw its price surge to close at $7.75, which was higher than the previous closing price of $7.69. Over the past one week, the price of UNIT has slipped by -0.77%, while it has recorded a gain of 1.31% over the past one month. Its three-month performance saw UNIT lose -9.88% while its six-month performance saw it drop by -31.42%. The situation is different though over the past one year, as the stock price went down by -60.22%, while its year-to-date (YTD) price performance slipped by -50.22%. The stock price has gone up by +11.83% compared to its 90-day low, while it is down -13.50% compared to its 90-day high price.

Let’s take a look at its short, medium and long-term indicators. Composite Indicators shows that Trendspotter rated the stock as a Sell. In the short-term, the stock has a 20-day average volume of 1,590,470 shares, with the short-term indicators averagely rating the stock as a 50% Sell. A look at its medium-term indicators reveals that it has a 50-Day average volume of 1,794,316 shares and the indicators have an average rating of 50% Sell. The last indicators, the long-term see UNIT stock with a 100-Day average volume of 2,629,726 shares, giving it an average rating of 100% Sell. A look at the general picture of all short, medium and long-term indicators leaves UNIT with an average rating of 72% Sell.

Several brokerage firms sent out their reports UNIT stock not long ago. In its report sent out on March 05, 2019, Wells Fargo lowered its ratings on UNIT from a Market Perform to a Underperform. In an earlier report on February 20, 2019, RBC Capital Mkts Downgrade the stock from a Outperform to a Sector Perform. Raymond James meanwhile in its report on February 19, 2019 Downgrade its rating of the stock from a “Mkt Perform” to “Mkt Perform”.

In related news to the company’s stock, around 84.80% shares are being held by institutional investors. In a recent SEC filing, the company revealed that 340 institutions currently hold the UNIT stock. In the last quarter, a 152,257,949 UNIT shares were in the possession of institutions. On the other hand, the company recorded 40 new institutions who bought it their stock, while 51 institutions sold their entire UNIT reserve. Of the current institutions investing in the stock, 126 increased their investment while 140 decreased their investment in the stock.