Evergy Inc. (NASDAQ:EVRG) Holdings Cut by Alps Advisors Inc.

Alps Advisors Inc. lowered its position in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) by 8.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 365,292 shares of the company's stock after selling 33,413 shares during the period. Alps Advisors Inc. owned 0.16% of Evergy worth $25,187,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Stolper Co increased its holdings in shares of Evergy by 0.5% during the first quarter. Stolper Co now owns 34,630 shares of the company's stock valued at $2,388,000 after purchasing an additional 169 shares during the period. Steward Partners Investment Advisory LLC grew its position 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 position 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 increased its stake in Evergy by 0.9% during 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 during the period. Finally, MainStreet Investment Advisors LLC raised its position in shares of Evergy by 4.7% during the 4th quarter. MainStreet Investment Advisors LLC now owns 4,877 shares of the company's stock worth $300,000 after buying an additional 221 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company's stock.

Evergy Trading Down 0.7%

Shares of NASDAQ EVRG traded down $0.46 during mid-day trading on Friday, hitting $68.96. 3,393,013 shares of the company traded hands, compared to its average volume of 2,082,839. The company has a quick ratio of 0.29, a current ratio of 0.55 and a debt-to-equity ratio of 1.24. Evergy Inc. has a 1 year low of $54.09 and a 1 year high of $70.36. The stock has a market capitalization of $15.87 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 3.00 and a beta of 0.50. The business has a 50 day moving average of $67.36 and a two-hundred day moving average of $66.33.

Evergy (NASDAQ:EVRG - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the firm posted $0.54 EPS. On average, sell-side analysts anticipate that Evergy Inc. will post 3.83 earnings per share 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 was Friday, May 23rd. Evergy's dividend payout ratio is currently 70.26%.

Analysts Set New Price Targets

EVRG has been the subject of several recent analyst reports. LADENBURG THALM/SH SH upgraded shares of 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 company a "buy" rating in a research note on Friday, May 16th. Jefferies Financial Group set a $78.00 price target on Evergy and gave the company a "buy" rating in a research report on Tuesday, June 10th. BMO Capital Markets initiated coverage on Evergy in a research note on Tuesday, May 13th. They issued an "outperform" rating and a $75.00 price objective on the stock. Finally, UBS Group raised Evergy from a "neutral" rating to a "buy" rating and raised their target price for the company from $68.00 to $78.00 in a research note on Monday, April 28th. One 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $73.19.

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.