Captrust Financial Advisors Increases Stock Position in Evergy, Inc. (NASDAQ:EVRG)

Captrust Financial Advisors increased its position in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 67.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,113,538 shares of the company's stock after buying an additional 447,558 shares during the quarter. Captrust Financial Advisors owned about 0.48% of Evergy worth $68,538,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EVRG. Miller Howard Investments Inc. NY grew its holdings in Evergy by 1.4% during the fourth quarter. Miller Howard Investments Inc. NY now owns 11,741 shares of the company's stock worth $723,000 after buying an additional 162 shares in the last quarter. Quent Capital LLC grew its holdings in Evergy by 4.6% during the fourth quarter. Quent Capital LLC now owns 3,692 shares of the company's stock valued at $227,000 after purchasing an additional 163 shares during the period. Mather Group LLC. increased its holdings in 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 during the last quarter. Wealthcare Advisory Partners LLC raised its position in shares of Evergy by 2.5% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 7,322 shares of the company's stock valued at $451,000 after purchasing an additional 182 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its holdings in Evergy by 5.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,873 shares of the company's stock worth $238,000 after buying an additional 190 shares during the period. Institutional investors own 87.24% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on EVRG shares. LADENBURG THALM/SH SH raised Evergy to a "strong-buy" rating in a report on Thursday. Guggenheim raised shares of Evergy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Barclays raised their price target on shares of Evergy from $72.00 to $73.00 and gave the company an "overweight" rating in a report on Tuesday, April 22nd. Finally, 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. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $70.92.

Evergy Stock Up 0.1 %

Evergy stock traded up $0.04 on Friday, hitting $66.60. 2,910,157 shares of the stock traded hands, compared to its average volume of 1,958,508. Evergy, Inc. has a 1 year low of $52.10 and a 1 year high of $70.36. The firm has a market cap of $15.32 billion, a P/E ratio of 18.00, a price-to-earnings-growth ratio of 2.82 and a beta of 0.53. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The business's fifty day simple moving average is $67.35 and its 200 day simple moving average is $64.77.

Evergy (NASDAQ:EVRG - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.12). The business had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.21 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. During the same period last year, the business earned $0.54 earnings per share. As a group, sell-side analysts forecast 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. Investors of record on Friday, May 23rd will be paid a $0.6675 dividend. The ex-dividend date is Friday, May 23rd. This represents a $2.67 annualized dividend and a dividend yield of 4.01%. Evergy's payout ratio is currently 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.