Evergy Inc. (NASDAQ:EVRG) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its stake in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) by 15.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,419 shares of the company's stock after selling 9,075 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Evergy were worth $3,548,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of EVRG. ExodusPoint Capital Management LP increased its stake in Evergy by 164.8% during the 4th quarter. ExodusPoint Capital Management LP now owns 2,312,953 shares of the company's stock valued at $142,362,000 after purchasing an additional 1,439,450 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Evergy by 8,154.8% in the 1st quarter. GAMMA Investing LLC now owns 973,574 shares of the company's stock valued at $67,128,000 after acquiring an additional 961,780 shares during the period. Brandes Investment Partners LP purchased a new position in Evergy in the 4th quarter worth $55,652,000. Groupama Asset Managment lifted its position in Evergy by 3,216.6% during the 4th quarter. Groupama Asset Managment now owns 880,768 shares of the company's stock worth $54,211,000 after acquiring an additional 854,212 shares during the period. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in Evergy during the 1st quarter valued at about $40,285,000. Institutional investors and hedge funds own 87.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on EVRG. Barclays decreased their target price on Evergy from $73.00 to $71.00 and set an "overweight" rating for the company in a report on Friday, May 30th. Citigroup upped their price objective on shares of Evergy from $77.00 to $79.00 and gave the company a "buy" rating in a report on Friday, May 16th. LADENBURG THALM/SH SH raised shares of Evergy to a "strong-buy" rating in a report on Thursday, May 8th. UBS Group raised shares of Evergy from a "neutral" rating to a "buy" rating and upped their price target for the company from $68.00 to $78.00 in a report on Monday, April 28th. Finally, Jefferies Financial Group set a $78.00 price target on Evergy and gave the stock a "buy" rating in a research report on Tuesday, June 10th. One research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $73.19.

Evergy Price Performance

EVRG traded up $0.13 during midday trading on Wednesday, hitting $68.81. 2,232,402 shares of the company traded hands, compared to its average volume of 2,074,353. The business has a 50 day simple moving average of $67.34 and a two-hundred day simple moving average of $66.16. Evergy Inc. has a 52-week low of $53.25 and a 52-week high of $70.36. The company has a market capitalization of $15.83 billion, a price-to-earnings ratio of 18.11, a PEG ratio of 2.99 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 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 firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.21 billion. Evergy had a return on equity of 8.84% and a net margin of 14.87%. During the same period in the prior year, the firm earned $0.54 earnings per share. On average, equities analysts forecast that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, May 23rd were given 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 yield of 3.88%. Evergy's payout ratio is presently 70.26%.

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.