Caliber Wealth Management LLC KS Makes New $444,000 Investment in Evergy Inc. (NASDAQ:EVRG)

Key Points

• Caliber Wealth Management LLC purchased a new stake in Evergy Inc., acquiring 6,446 shares valued at approximately $444,000.
• Evergy recently declared a quarterly dividend of $0.6675, leading to an annualized dividend yield of 3.83%.
• Analysts generally view Evergy positively, with eight buy ratings and a price target average of $74.06, though the stock missed earnings expectations in its recent financial report.

Caliber Wealth Management LLC KS acquired a new position in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,446 shares of the company's stock, valued at approximately $444,000.

Several other institutional investors and hedge funds also recently bought and sold shares of EVRG. Bfsg LLC purchased a new stake in shares of Evergy during the first quarter valued at $25,000. Alpine Bank Wealth Management purchased a new stake in shares of Evergy during the first quarter valued at $32,000. LRI Investments LLC purchased a new stake in shares of Evergy during the first quarter valued at $32,000. Olde Wealth Management LLC purchased a new stake in shares of Evergy during the first quarter valued at $32,000. Finally, Colonial Trust Co SC bought a new stake in shares of Evergy in the fourth quarter valued at about $32,000. 87.24% of the stock is owned by hedge funds and other institutional investors.

Evergy Stock Up 0.9%

Shares of EVRG traded up $0.64 during mid-day trading on Wednesday, hitting $70.35. 599,380 shares of the company traded hands, compared to its average volume of 2,313,448. The business has a 50 day moving average of $67.79 and a 200 day moving average of $66.92. The company has a market capitalization of $16.19 billion, a PE ratio of 18.53, a price-to-earnings-growth ratio of 2.99 and a beta of 0.50. Evergy Inc. has a 1-year low of $57.25 and a 1-year high of $70.41. 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 (NASDAQ:EVRG - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.12). The firm 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 EPS. Equities research analysts anticipate that Evergy Inc. will post 3.83 EPS for the current year.

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, May 23rd were given a $0.6675 dividend. The ex-dividend date was Friday, May 23rd. This represents a $2.67 annualized dividend and a yield of 3.80%. Evergy's dividend payout ratio is presently 70.26%.

Wall Street Analyst Weigh In

EVRG has been the subject of several recent research reports. Jefferies Financial Group set a $78.00 price objective on Evergy and gave the company a "buy" rating in a report on Tuesday, June 10th. LADENBURG THALM/SH SH upgraded Evergy to a "strong-buy" rating in a report on Thursday, May 8th. BMO Capital Markets initiated coverage on Evergy in a report on Tuesday, May 13th. They issued an "outperform" rating and a $75.00 price objective for the company. UBS Group upgraded Evergy from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $68.00 to $78.00 in a report on Monday, April 28th. Finally, Wall Street Zen downgraded Evergy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target 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.