Apollon Wealth Management LLC Invests $320,000 in Evergy Inc. (NASDAQ:EVRG)

Apollon Wealth Management LLC purchased a new position in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,645 shares of the company's stock, valued at approximately $320,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EVRG. Bfsg LLC purchased a new stake in shares of Evergy during the 1st quarter valued at approximately $25,000. Lee Danner & Bass Inc. bought a new stake in Evergy in the 4th quarter worth $26,000. Alpine Bank Wealth Management bought a new stake in Evergy during the first quarter worth about $32,000. LRI Investments LLC purchased a new position in Evergy in the first quarter worth about $32,000. Finally, Olde Wealth Management LLC purchased a new position in shares of Evergy during the first quarter valued at approximately $32,000. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Evergy Stock Performance

EVRG stock traded up $0.47 on Thursday, hitting $70.02. The company's stock had a trading volume of 484,558 shares, compared to its average volume of 2,328,223. The stock has a market cap of $16.11 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 3.04 and a beta of 0.50. The firm has a 50 day moving average of $67.63 and a two-hundred day moving average of $66.65. 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 1 year low of $55.88 and a 1 year high of $70.36.

Evergy (NASDAQ:EVRG - Get Free Report) last released 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 company had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the business posted $0.54 earnings per share. Equities analysts predict that Evergy Inc. will post 3.83 EPS for the current fiscal year.

Evergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, May 23rd were paid a dividend of $0.6675 per share. The ex-dividend date was Friday, May 23rd. This represents a $2.67 annualized dividend and a yield of 3.81%. Evergy's payout ratio is 70.26%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EVRG. 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. Wall Street Zen downgraded shares of Evergy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. BMO Capital Markets started coverage on shares of Evergy in a research note on Tuesday, May 13th. They issued an "outperform" rating and a $75.00 price target on the stock. LADENBURG THALM/SH SH raised shares of Evergy to a "strong-buy" rating in a research report on Thursday, May 8th. Finally, Barclays reduced their price target on Evergy from $73.00 to $71.00 and set an "overweight" rating on the stock in a research report on Friday, May 30th. One analyst has rated the stock with a sell rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $74.06.

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.