Allianz Asset Management GmbH trimmed its holdings in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) by 1.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 681,435 shares of the company's stock after selling 11,457 shares during the period. Allianz Asset Management GmbH owned about 0.30% of Evergy worth $46,985,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of EVRG. Bfsg LLC purchased a new position in Evergy in the 1st quarter valued at about $25,000. Colonial Trust Co SC acquired a new position in shares of Evergy in the fourth quarter valued at approximately $32,000. Alpine Bank Wealth Management purchased a new position in shares of Evergy during the first quarter valued at approximately $32,000. Olde Wealth Management LLC acquired a new stake in Evergy during the first quarter worth approximately $32,000. Finally, LRI Investments LLC purchased a new stake in Evergy in the 1st quarter worth approximately $32,000. 87.24% of the stock is owned by hedge funds and other institutional investors.
Evergy Trading Up 0.0%
NASDAQ:EVRG traded up $0.03 on Friday, hitting $69.80. 1,410,790 shares of the stock were exchanged, compared to its average volume of 2,236,931. The stock has a fifty day moving average of $67.77 and a 200-day moving average of $66.78. The stock has a market cap of $16.06 billion, a PE ratio of 18.37, a PEG ratio of 3.04 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 Inc. has a fifty-two week low of $56.41 and a fifty-two week high of $70.36.
Evergy (NASDAQ:EVRG - Get Free Report) last issued its 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). Evergy had a return on equity of 8.84% and a net margin of 14.87%. The firm had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.21 billion. During the same quarter in the previous year, the firm posted $0.54 EPS. As a group, equities analysts expect that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.
Evergy Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, May 23rd were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date was Friday, May 23rd. Evergy's dividend payout ratio is presently 70.26%.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the company. Wall Street Zen lowered Evergy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Citigroup upped 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. Mizuho raised their price target on Evergy from $70.00 to $74.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Barclays dropped their price objective on shares of Evergy from $73.00 to $71.00 and set an "overweight" rating for the company in a research note on Friday, May 30th. Finally, BMO Capital Markets initiated coverage on shares of Evergy in a report on Tuesday, May 13th. They set an "outperform" rating and a $75.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $74.06.
View Our Latest Report on Evergy
Evergy Company 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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