Allspring Global Investments Holdings LLC reduced its stake in Evergy Inc. (NASDAQ:EVRG - Free Report) by 15.0% in the 1st quarter, according to the company in its most recent 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 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the stock. Stolper Co grew its holdings in Evergy by 0.5% in the 1st quarter. Stolper Co now owns 34,630 shares of the company's stock valued at $2,388,000 after buying an additional 169 shares in the last quarter. Steward Partners Investment Advisory LLC grew 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 valued at $238,000 after buying an additional 190 shares in the last quarter. KCM Investment Advisors LLC grew its holdings in Evergy by 3.7% in the 4th quarter. KCM Investment Advisors LLC now owns 5,946 shares of the company's stock valued at $366,000 after buying an additional 210 shares in the last quarter. Retirement Planning Group LLC grew its holdings in Evergy by 0.9% in the 4th quarter. Retirement Planning Group LLC now owns 24,372 shares of the company's stock valued at $1,500,000 after buying an additional 210 shares in the last quarter. Finally, MainStreet Investment Advisors LLC grew its holdings in Evergy by 4.7% in the 4th quarter. MainStreet Investment Advisors LLC now owns 4,877 shares of the company's stock valued at $300,000 after buying an additional 221 shares in the last quarter. 87.24% of the stock is currently owned by hedge funds and other institutional investors.
Evergy Trading Up 0.8%
EVRG traded up $0.56 during mid-day trading on Thursday, hitting $69.37. 1,562,355 shares of the stock were exchanged, compared to its average volume of 2,074,423. The firm's fifty day moving average is $67.34 and its two-hundred day moving average is $66.16. Evergy Inc. has a 1-year low of $53.25 and a 1-year high of $70.36. The company has a current ratio of 0.55, a quick ratio of 0.29 and a debt-to-equity ratio of 1.24. The company has a market cap of $15.96 billion, a PE ratio of 18.25, a PEG ratio of 2.99 and a beta of 0.50.
Evergy (NASDAQ:EVRG - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $1.21 billion. During the same period in the previous year, the company posted $0.54 EPS. Equities analysts forecast that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.
Evergy Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, May 23rd were given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend was Friday, May 23rd. Evergy's dividend payout ratio is currently 70.26%.
Wall Street Analyst Weigh In
EVRG has been the subject of several analyst reports. LADENBURG THALM/SH SH upgraded Evergy to a "strong-buy" rating in a report on Thursday, May 8th. Citigroup increased their price target on Evergy from $77.00 to $79.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Barclays lowered their price target on Evergy from $73.00 to $71.00 and set an "overweight" rating for the company in a report on Friday, May 30th. UBS Group upgraded Evergy from a "neutral" rating to a "buy" rating and increased their price target for the stock from $68.00 to $78.00 in a report on Monday, April 28th. Finally, Wall Street Zen cut Evergy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Evergy currently has an average rating of "Moderate Buy" and a consensus target price of $73.19.
Check Out Our Latest Stock Analysis 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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