ArrowMark Colorado Holdings LLC Trims Stock Position in Evergy, Inc. (NASDAQ:EVRG)

ArrowMark Colorado Holdings LLC reduced its position in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 20.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 188,000 shares of the company's stock after selling 49,000 shares during the period. ArrowMark Colorado Holdings LLC owned about 0.08% of Evergy worth $11,571,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. AXA S.A. lifted its holdings in Evergy by 166.6% during the 4th quarter. AXA S.A. now owns 96,443 shares of the company's stock worth $5,936,000 after purchasing an additional 60,272 shares during the last quarter. Freestone Grove Partners LP bought a new position in Evergy during the fourth quarter worth about $777,000. AQR Capital Management LLC raised its stake in Evergy by 1.5% in the 4th quarter. AQR Capital Management LLC now owns 1,161,102 shares of the company's stock worth $71,466,000 after purchasing an additional 17,185 shares in the last quarter. Northern Trust Corp boosted its holdings in Evergy by 5.7% in the 4th quarter. Northern Trust Corp now owns 2,345,119 shares of the company's stock valued at $144,342,000 after purchasing an additional 125,898 shares during the period. Finally, Johnson Financial Group Inc. acquired a new position in shares of Evergy during the 4th quarter worth approximately $1,265,000. Institutional investors own 87.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. LADENBURG THALM/SH SH upgraded Evergy to a "strong-buy" rating in a research note on Monday, March 17th. UBS Group raised shares of Evergy from a "neutral" rating to a "buy" rating and upped their price target for the stock from $68.00 to $78.00 in a report on Monday, April 28th. Barclays raised their price objective on Evergy from $72.00 to $73.00 and gave the company an "overweight" rating in a research note on Tuesday, April 22nd. Finally, Guggenheim raised Evergy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $70.92.

Evergy Stock Performance

EVRG stock traded up $0.38 during midday trading on Wednesday, hitting $69.63. The company's stock had a trading volume of 2,455,537 shares, compared to its average volume of 1,946,774. Evergy, Inc. has a 1 year low of $52.10 and a 1 year high of $70.37. The stock has a market cap of $16.02 billion, a price-to-earnings ratio of 18.82, a PEG ratio of 2.82 and a beta of 0.53. The stock's 50-day moving average price is $67.43 and its 200 day moving average price is $64.69. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15.

Evergy (NASDAQ:EVRG - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by ($0.11). Evergy had a net margin of 14.77% and a return on equity of 8.77%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. On average, equities analysts forecast that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a dividend of $0.6675 per share. The ex-dividend date was Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a yield of 3.83%. Evergy's dividend payout ratio is presently 70.45%.

Evergy Company Profile

Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in the United States. The company generates electricity through coal, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources. It serves residences, commercial firms, industrials, municipalities, and other electric utilities.