15,191 Shares in Evergy Inc. (NASDAQ:EVRG) Acquired by Alpine Woods Capital Investors LLC

Alpine Woods Capital Investors LLC bought a new position in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 15,191 shares of the company's stock, valued at approximately $1,047,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Bfsg LLC bought a new stake in shares of Evergy during the first quarter worth approximately $25,000. Lee Danner & Bass Inc. acquired a new stake in Evergy during the 4th quarter worth approximately $26,000. Colonial Trust Co SC bought a new stake in Evergy in the 4th quarter valued at $32,000. Alpine Bank Wealth Management acquired a new position in Evergy in the 1st quarter valued at $32,000. Finally, Olde Wealth Management LLC acquired a new position in Evergy in the 1st quarter valued at $32,000. Institutional investors own 87.24% of the company's stock.

Evergy Price Performance

Shares of Evergy stock traded down $0.46 on Friday, reaching $68.96. 3,393,013 shares of the stock were exchanged, compared to its average volume of 2,082,839. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.29 and a current ratio of 0.55. The firm has a market cap of $15.87 billion, a PE ratio of 18.15, a P/E/G ratio of 3.00 and a beta of 0.50. The firm's 50 day moving average is $67.36 and its 200-day moving average is $66.33. Evergy Inc. has a one year low of $54.09 and a one year high of $70.36.

Evergy (NASDAQ:EVRG - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.12). The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.21 billion. Evergy had a net margin of 14.87% and a return on equity of 8.84%. During the same quarter in the prior year, the firm earned $0.54 earnings per share. As a group, analysts anticipate that Evergy Inc. will post 3.83 EPS for the current fiscal year.

Evergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, May 23rd were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend was Friday, May 23rd. Evergy's dividend payout ratio (DPR) is presently 70.26%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EVRG. Barclays reduced their target price on shares of Evergy from $73.00 to $71.00 and set an "overweight" rating for the company in a research report on Friday, May 30th. Citigroup boosted 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. Jefferies Financial Group set a $78.00 target price on shares of Evergy and gave the stock a "buy" rating in a research report on Tuesday, June 10th. LADENBURG THALM/SH SH upgraded shares of Evergy to a "strong-buy" rating in a research report on Thursday, May 8th. Finally, Wall Street Zen downgraded Evergy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Evergy presently has a consensus rating of "Moderate Buy" and an average target price of $73.19.

Evergy Company 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.