3,683 Shares in Evergy Inc. (NASDAQ:EVRG) Purchased by Ballentine Partners LLC

Ballentine Partners LLC acquired a new position in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,683 shares of the company's stock, valued at approximately $254,000.

Several other institutional investors have also modified their holdings of the stock. SteelPeak Wealth LLC raised its holdings in shares of Evergy by 2.6% in the first quarter. SteelPeak Wealth LLC now owns 15,986 shares of the company's stock valued at $1,102,000 after buying an additional 406 shares during the last quarter. Xponance Inc. raised its stake in Evergy by 1.4% during the 1st quarter. Xponance Inc. now owns 31,496 shares of the company's stock valued at $2,172,000 after acquiring an additional 436 shares during the last quarter. WESPAC Advisors LLC acquired a new stake in Evergy during the 1st quarter worth approximately $981,000. Cerity Partners LLC grew its stake in shares of Evergy by 338.3% in the 1st quarter. Cerity Partners LLC now owns 241,642 shares of the company's stock valued at $16,661,000 after purchasing an additional 186,515 shares during the last quarter. Finally, MainStreet Investment Advisors LLC grew its stake in shares of Evergy by 9.6% in the 1st quarter. MainStreet Investment Advisors LLC now owns 5,347 shares of the company's stock valued at $369,000 after purchasing an additional 470 shares during the last quarter. Hedge funds and other institutional investors own 87.24% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Jefferies Financial Group set a $78.00 price target on Evergy and gave the stock a "buy" rating in a research note on Tuesday, June 10th. LADENBURG THALM/SH SH upgraded shares of Evergy to a "strong-buy" rating in a research note on Thursday, May 8th. Citigroup boosted their price target on shares of Evergy from $77.00 to $79.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Barclays cut their price target on shares of Evergy from $73.00 to $71.00 and set an "overweight" rating for the company in a report on Friday, May 30th. Finally, BMO Capital Markets began coverage on Evergy in a report on Tuesday, May 13th. They issued an "outperform" rating and a $75.00 price objective on the stock. One investment 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $74.06.

Evergy Price Performance

NASDAQ EVRG traded up $1.06 during trading hours on Friday, reaching $68.90. The company's stock had a trading volume of 1,980,003 shares, compared to its average volume of 2,102,310. 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 company's 50-day moving average is $67.30 and its two-hundred day moving average is $66.44. Evergy Inc. has a fifty-two week low of $54.76 and a fifty-two week high of $70.36. The stock has a market cap of $15.85 billion, a PE ratio of 18.13, a PEG ratio of 2.95 and a beta of 0.50.

Evergy (NASDAQ:EVRG - Get Free Report) last issued 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). The company had revenue of $1.37 billion during the quarter, compared to analysts' expectations 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 company earned $0.54 earnings per share. Analysts forecast that Evergy Inc. will post 3.83 EPS for the current year.

Evergy Announces Dividend

The company also recently declared 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 of this dividend was Friday, May 23rd. This represents a $2.67 annualized dividend and a dividend yield of 3.88%. Evergy's dividend payout ratio is currently 70.26%.

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.