Advocate Group LLC lifted its position in Evergy Inc. (NASDAQ:EVRG - Free Report) by 5.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 139,509 shares of the company's stock after purchasing an additional 6,941 shares during the quarter. Evergy comprises approximately 1.8% of Advocate Group LLC's portfolio, making the stock its 14th largest holding. Advocate Group LLC owned approximately 0.06% of Evergy worth $9,619,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Evergy by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 30,665,885 shares of the company's stock worth $1,887,485,000 after purchasing an additional 221,086 shares during the period. Franklin Resources Inc. increased its stake in Evergy by 2.3% in the fourth quarter. Franklin Resources Inc. now owns 5,660,930 shares of the company's stock valued at $348,430,000 after acquiring an additional 128,211 shares during the last quarter. Geode Capital Management LLC increased its stake in Evergy by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 5,637,257 shares of the company's stock valued at $346,063,000 after acquiring an additional 133,641 shares during the last quarter. American Century Companies Inc. increased its stake in Evergy by 3.8% in the fourth quarter. American Century Companies Inc. now owns 3,555,122 shares of the company's stock valued at $218,818,000 after acquiring an additional 130,804 shares during the last quarter. Finally, Federated Hermes Inc. increased its stake in Evergy by 2.2% in the fourth quarter. Federated Hermes Inc. now owns 3,434,216 shares of the company's stock valued at $211,376,000 after acquiring an additional 73,066 shares during the last quarter. Institutional investors own 87.24% of the company's stock.
Evergy Trading Up 0.6%
Shares of NASDAQ:EVRG traded up $0.40 on Friday, reaching $67.19. 2,768,991 shares of the company traded hands, compared to its average volume of 2,033,823. The business's 50-day simple moving average is $67.13 and its 200 day simple moving average is $65.56. Evergy Inc. has a 52 week low of $52.10 and a 52 week high of $70.36. The stock has a market capitalization of $15.46 billion, a P/E ratio of 17.68, a price-to-earnings-growth ratio of 2.92 and a beta of 0.50. The company has a current ratio of 0.55, a quick ratio of 0.29 and a debt-to-equity ratio of 1.24.
Evergy (NASDAQ:EVRG - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.21 billion. Evergy had a net margin of 14.87% and a return on equity of 8.84%. During the same period last year, the business posted $0.54 earnings per share. As a group, equities analysts anticipate that Evergy Inc. will post 3.83 EPS for the current fiscal year.
Evergy Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, May 23rd were issued a dividend of $0.6675 per share. The ex-dividend date was Friday, May 23rd. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.97%. Evergy's dividend payout ratio is currently 70.26%.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the company. Wall Street Zen cut Evergy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Barclays reduced their target price on Evergy from $73.00 to $71.00 and set an "overweight" rating on the stock in a research note on Friday, May 30th. Citigroup increased their target price on Evergy from $77.00 to $79.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Jefferies Financial Group set a $78.00 target price on Evergy and gave the company a "buy" rating in a research note on Tuesday, June 10th. Finally, BMO Capital Markets initiated coverage on Evergy in a research note on Tuesday, May 13th. They issued an "outperform" rating and a $75.00 target price on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $73.19.
Get Our Latest Report on EVRG
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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