California State Teachers Retirement System Sells 13,561 Shares of Evergy, Inc. (NASDAQ:EVRG)

California State Teachers Retirement System cut its stake in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 272,821 shares of the company's stock after selling 13,561 shares during the quarter. California State Teachers Retirement System owned 0.12% of Evergy worth $16,792,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in EVRG. Lee Danner & Bass Inc. bought a new stake in shares of Evergy in the fourth quarter worth approximately $26,000. National Pension Service purchased a new position in shares of Evergy in the fourth quarter worth approximately $30,000. Bank of Jackson Hole Trust purchased a new position in shares of Evergy in the fourth quarter worth approximately $31,000. Colonial Trust Co SC purchased a new position in shares of Evergy in the fourth quarter worth approximately $32,000. Finally, Sandy Spring Bank boosted its holdings in shares of Evergy by 5,983.3% in the fourth quarter. Sandy Spring Bank now owns 730 shares of the company's stock worth $45,000 after buying an additional 718 shares during the last quarter. 87.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EVRG has been the topic of a number of research reports. Barclays dropped their price objective on shares of Evergy from $73.00 to $71.00 and set an "overweight" rating on the stock in a report on Friday, May 30th. Citigroup raised their price objective on shares of Evergy from $77.00 to $79.00 and gave the stock a "buy" rating in a report on Friday, May 16th. LADENBURG THALM/SH SH raised shares of Evergy to a "strong-buy" rating in a report on Thursday, May 8th. BMO Capital Markets assumed coverage on shares of Evergy in a report on Tuesday, May 13th. They set an "outperform" rating and a $75.00 price target on the stock. Finally, UBS Group raised shares of Evergy from a "neutral" rating to a "buy" rating and lifted their price target for the company from $68.00 to $78.00 in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $72.19.

Evergy Price Performance

Shares of Evergy stock traded down $0.96 on Wednesday, hitting $65.05. 2,499,630 shares of the company traded hands, compared to its average volume of 1,981,566. The stock has a market capitalization of $14.97 billion, a P/E ratio of 17.58, a price-to-earnings-growth ratio of 2.82 and a beta of 0.50. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. Evergy, Inc. has a 52 week low of $52.10 and a 52 week high of $70.36. The business has a 50-day simple moving average of $67.03 and a 200 day simple moving average of $65.31.

Evergy (NASDAQ:EVRG - Get Free Report) last released 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 for the quarter, compared to the consensus estimate of $1.21 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. During the same quarter in the previous year, the business earned $0.54 EPS. Research analysts expect that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend is Friday, May 23rd. Evergy's payout ratio is currently 70.26%.

About Evergy

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.