Crestline Management LP Has $13.58 Million Stock Holdings in Evergy, Inc. (NASDAQ:EVRG)

Crestline Management LP lowered its position in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 17.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 220,579 shares of the company's stock after selling 47,501 shares during the quarter. Crestline Management LP owned 0.10% of Evergy worth $13,577,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Lee Danner & Bass Inc. bought a new stake in Evergy during the 4th quarter worth about $26,000. National Pension Service acquired a new position in Evergy during the fourth quarter valued at approximately $30,000. Bank of Jackson Hole Trust bought a new stake in shares of Evergy in the 4th quarter valued at $31,000. Sandy Spring Bank raised its stake in Evergy by 5,983.3% during the 4th quarter. Sandy Spring Bank now owns 730 shares of the company's stock worth $45,000 after buying an additional 718 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in Evergy during the fourth quarter worth about $49,000. Institutional investors and hedge funds own 87.24% of the company's stock.

Wall Street Analysts Forecast Growth

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

Evergy Stock Up 0.1 %

Shares of EVRG stock traded up $0.04 during trading on Friday, reaching $66.60. The company's stock had a trading volume of 2,910,157 shares, compared to its average volume of 1,958,508. Evergy, Inc. has a one year low of $52.10 and a one year high of $70.36. The business has a fifty day moving average price of $67.35 and a 200-day moving average price of $64.77. The company has a market cap of $15.32 billion, a price-to-earnings ratio of 18.00, a price-to-earnings-growth ratio of 2.82 and a beta of 0.53. 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 issued its quarterly earnings results on Thursday, May 8th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.12). The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.21 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. During the same period last year, the firm earned $0.54 earnings per share. Analysts anticipate that Evergy, Inc. will post 3.83 earnings per share for the current year.

Evergy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.01%. The ex-dividend date of this dividend is Friday, May 23rd. Evergy's dividend payout ratio (DPR) is 70.45%.

Evergy 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.