Tower Research Capital LLC TRC lessened its holdings in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 22.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,733 shares of the company's stock after selling 4,876 shares during the quarter. Tower Research Capital LLC TRC's holdings in Evergy were worth $1,030,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in EVRG. Lee Danner & Bass Inc. bought a new position in Evergy in the fourth quarter worth approximately $26,000. National Pension Service acquired a new stake in Evergy in the fourth quarter valued at approximately $30,000. Bank of Jackson Hole Trust purchased a new stake in shares of Evergy during the 4th quarter valued at $31,000. Sandy Spring Bank boosted its position in shares of Evergy by 5,983.3% in the 4th quarter. Sandy Spring Bank now owns 730 shares of the company's stock worth $45,000 after purchasing an additional 718 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Evergy during the 4th quarter worth $49,000. 87.24% of the stock is owned by institutional investors.
Evergy Stock Up 0.2 %
Shares of EVRG traded up $0.11 during mid-day trading on Wednesday, reaching $69.02. 381,811 shares of the stock traded hands, compared to its average volume of 1,950,397. The stock has a fifty day simple moving average of $67.37 and a 200 day simple moving average of $64.37. Evergy, Inc. has a 12-month low of $51.91 and a 12-month high of $70.30. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. The firm has a market cap of $15.88 billion, a price-to-earnings ratio of 18.64, a P/E/G ratio of 2.82 and a beta of 0.52.
Evergy (NASDAQ:EVRG - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported $0.35 earnings per share (EPS) 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 business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. Sell-side analysts expect that Evergy, Inc. will post 3.83 EPS for the current fiscal year.
Evergy Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 3.87%. The ex-dividend date was Monday, March 10th. Evergy's dividend payout ratio (DPR) is currently 70.45%.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on EVRG. LADENBURG THALM/SH SH raised Evergy to a "strong-buy" rating in a report on Monday, March 17th. Guggenheim upgraded shares of Evergy from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. UBS Group raised Evergy from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $68.00 to $78.00 in a research note on Monday. Finally, Barclays lifted their price objective on shares of Evergy from $72.00 to $73.00 and gave the company an "overweight" rating in a research note on Tuesday, April 22nd. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $70.92.
Read Our Latest Stock Analysis on EVRG
About Evergy
(
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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