Cerity Partners LLC raised its stake in Evergy Inc. (NASDAQ:EVRG - Free Report) by 338.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 241,642 shares of the company's stock after buying an additional 186,515 shares during the period. Cerity Partners LLC owned about 0.11% of Evergy worth $16,661,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Bfsg LLC bought a new stake in shares of Evergy in the 1st quarter valued at about $25,000. Lee Danner & Bass Inc. acquired a new position in Evergy during the 4th quarter worth approximately $26,000. Colonial Trust Co SC acquired a new position in Evergy during the 4th quarter worth approximately $32,000. Alpine Bank Wealth Management purchased a new stake in shares of Evergy in the first quarter worth approximately $32,000. Finally, Olde Wealth Management LLC purchased a new stake in shares of Evergy in the first quarter worth approximately $32,000. Institutional investors own 87.24% of the company's stock.
Evergy Trading Down 0.3%
Shares of EVRG traded down $0.23 during trading hours on Thursday, hitting $67.84. The company had a trading volume of 2,495,082 shares, compared to its average volume of 2,102,800. The company has a quick ratio of 0.29, a current ratio of 0.55 and a debt-to-equity ratio of 1.24. The firm has a market cap of $15.61 billion, a P/E ratio of 17.85, a P/E/G ratio of 2.95 and a beta of 0.50. Evergy Inc. has a 52-week low of $54.76 and a 52-week high of $70.36. The stock's 50 day moving average price is $67.30 and its 200 day moving average price is $66.44.
Evergy (NASDAQ:EVRG - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.12). The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.21 billion. Evergy had a net margin of 14.87% and a return on equity of 8.84%. During the same period in the previous year, the firm posted $0.54 earnings per share. On average, research analysts predict that Evergy Inc. will post 3.83 EPS for the current year.
Evergy Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, May 23rd were given a $0.6675 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.94%. Evergy's dividend payout ratio is currently 70.26%.
Wall Street Analyst Weigh In
Several analysts have recently commented on EVRG shares. UBS Group raised 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 note on Monday, April 28th. BMO Capital Markets began coverage on Evergy in a report on Tuesday, May 13th. They issued an "outperform" rating and a $75.00 price target for the company. Citigroup raised their price target on 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 upgraded Evergy to a "strong-buy" rating in a research report on Thursday, May 8th. Finally, Jefferies Financial Group set a $78.00 price target on Evergy and gave the company a "buy" rating in a research report on Tuesday, June 10th. One equities research analyst has rated the stock with a sell rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Evergy has an average rating of "Moderate Buy" and a consensus price target of $73.19.
Get Our Latest Analysis on EVRG
Evergy Profile
(
Free Report)
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.
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