Evergy Inc. (NASDAQ:EVRG) Shares Sold by Bank of Nova Scotia

Bank of Nova Scotia decreased its position in Evergy Inc. (NASDAQ:EVRG - Free Report) by 82.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,309 shares of the company's stock after selling 120,285 shares during the period. Bank of Nova Scotia's holdings in Evergy were worth $1,745,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in EVRG. Sowell Financial Services LLC purchased a new position in Evergy in the first quarter worth approximately $267,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Evergy in the 4th quarter valued at $1,728,000. Kestra Private Wealth Services LLC grew its holdings in shares of Evergy by 9.5% during the 1st quarter. Kestra Private Wealth Services LLC now owns 4,562 shares of the company's stock worth $315,000 after purchasing an additional 396 shares during the period. Brighton Jones LLC purchased a new position in shares of Evergy during the 4th quarter worth $257,000. Finally, Farther Finance Advisors LLC increased its position in shares of Evergy by 124.3% during the 1st quarter. Farther Finance Advisors LLC now owns 6,068 shares of the company's stock worth $419,000 after purchasing an additional 3,363 shares during the last quarter. Institutional investors and hedge funds own 87.24% of the company's stock.

Evergy Stock Down 0.5%

Evergy stock traded down $0.38 during mid-day trading on Thursday, reaching $72.87. 3,368,161 shares of the company's stock were exchanged, compared to its average volume of 2,532,348. 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 twelve month low of $57.28 and a twelve month high of $73.97. The company has a market cap of $16.77 billion, a P/E ratio of 19.18, a P/E/G ratio of 3.20 and a beta of 0.48. The company has a fifty day moving average of $68.69 and a 200-day moving average of $67.39.

Evergy (NASDAQ:EVRG - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.04. The business had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.45 billion. Evergy had a return on equity of 8.84% and a net margin of 14.87%. The company's revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the firm earned $0.90 earnings per share. Sell-side analysts expect that Evergy Inc. will post 3.83 EPS for the current year.

Evergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 22nd will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 3.7%. Evergy's dividend payout ratio is currently 70.26%.

Analysts Set New Price Targets

EVRG has been the topic of a number of recent analyst reports. BMO Capital Markets started coverage on shares of Evergy in a research report on Tuesday, May 13th. They issued an "outperform" rating and a $75.00 target price on the stock. LADENBURG THALM/SH SH upgraded shares of Evergy to a "strong-buy" rating in a report on Thursday, May 8th. UBS Group raised shares of Evergy from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $68.00 to $78.00 in a research report on Monday, April 28th. Mizuho boosted their target price on Evergy from $70.00 to $74.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Finally, 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. One equities research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $74.06.

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.