Yaupon Capital Management LP lifted its position in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 1.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 548,578 shares of the company's stock after acquiring an additional 8,416 shares during the period. Evergy accounts for about 1.4% of Yaupon Capital Management LP's investment portfolio, making the stock its 14th largest holding. Yaupon Capital Management LP owned about 0.24% of Evergy worth $33,765,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Miller Howard Investments Inc. NY raised its holdings in Evergy by 1.4% in the fourth quarter. Miller Howard Investments Inc. NY now owns 11,741 shares of the company's stock worth $723,000 after purchasing an additional 162 shares in the last quarter. Quent Capital LLC increased its stake in shares of Evergy by 4.6% in the 4th quarter. Quent Capital LLC now owns 3,692 shares of the company's stock worth $227,000 after acquiring an additional 163 shares in the last quarter. Mather Group LLC. increased its stake in shares of Evergy by 5.7% in the 4th quarter. Mather Group LLC. now owns 3,231 shares of the company's stock worth $199,000 after acquiring an additional 173 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its position in Evergy by 2.5% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 7,322 shares of the company's stock valued at $451,000 after acquiring an additional 182 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its stake in Evergy by 5.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,873 shares of the company's stock worth $238,000 after acquiring an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 87.24% of the company's stock.
Evergy Stock Down 0.6 %
EVRG traded down $0.40 during trading on Friday, hitting $67.88. 1,972,293 shares of the company's stock traded hands, compared to its average volume of 1,959,314. Evergy, Inc. has a 12-month low of $51.90 and a 12-month high of $70.30. The company's 50 day simple moving average is $67.30 and its two-hundred day simple moving average is $64.27. The stock has a market capitalization of $15.61 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 2.82 and a beta of 0.52. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15.
Evergy (NASDAQ:EVRG - Get Free Report) last issued its quarterly earnings data 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. Analysts predict that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.
Evergy Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date was Monday, March 10th. Evergy's dividend payout ratio (DPR) is presently 70.45%.
Analyst Upgrades and Downgrades
EVRG has been the subject of a number of analyst reports. UBS Group raised their target price on shares of Evergy from $66.00 to $68.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. Guggenheim raised Evergy from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. LADENBURG THALM/SH SH raised Evergy to a "strong-buy" rating in a report on Monday, March 17th. Finally, Barclays increased their target price on Evergy from $72.00 to $73.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $69.25.
Read Our Latest Stock Report on Evergy
Evergy Profile
(
Free Report)
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.
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