Charles Schwab Investment Management Inc. increased its stake in Evergy Inc. (NASDAQ:EVRG - Free Report) by 0.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,174,047 shares of the company's stock after buying an additional 13,555 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.95% of Evergy worth $149,901,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of EVRG. Stolper Co increased its stake in shares of Evergy by 0.5% during the first quarter. Stolper Co now owns 34,630 shares of the company's stock valued at $2,388,000 after buying an additional 169 shares during the period. Retirement Planning Group LLC grew its stake in Evergy by 0.9% in the fourth quarter. Retirement Planning Group LLC now owns 24,372 shares of the company's stock valued at $1,500,000 after purchasing an additional 210 shares during the last quarter. MainStreet Investment Advisors LLC grew its stake in Evergy by 4.7% in the fourth quarter. MainStreet Investment Advisors LLC now owns 4,877 shares of the company's stock valued at $300,000 after purchasing an additional 221 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Evergy by 2.5% in the first quarter. Parallel Advisors LLC now owns 9,338 shares of the company's stock worth $644,000 after acquiring an additional 227 shares in the last quarter. Finally, United Capital Financial Advisors LLC boosted its holdings in Evergy by 3.2% in the fourth quarter. United Capital Financial Advisors LLC now owns 7,976 shares of the company's stock worth $491,000 after acquiring an additional 249 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors.
Evergy Price Performance
Shares of EVRG stock traded down $0.55 during trading hours on Friday, hitting $72.27. 434,982 shares of the company's stock were exchanged, compared to its average volume of 2,343,779. The company has a quick ratio of 0.27, a current ratio of 0.50 and a debt-to-equity ratio of 1.24. The firm has a market cap of $16.63 billion, a P/E ratio of 19.85, a P/E/G ratio of 3.20 and a beta of 0.48. The firm has a 50 day moving average of $69.38 and a two-hundred day moving average of $67.71. Evergy Inc. has a fifty-two week low of $57.82 and a fifty-two week high of $73.97.
Evergy (NASDAQ:EVRG - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.04. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.45 billion. Evergy had a return on equity of 8.62% and a net margin of 14.29%. The business's quarterly revenue was down .7% on a year-over-year basis. During the same period in the prior year, the company posted $0.90 EPS. Sell-side analysts forecast that Evergy Inc. will post 3.83 EPS for the current year.
Evergy Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, August 22nd will be given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, August 22nd. Evergy's payout ratio is presently 73.35%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on EVRG shares. Citigroup lifted their target price on Evergy from $77.00 to $79.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Barclays decreased their price target on Evergy from $73.00 to $71.00 and set an "overweight" rating for the company in a report on Friday, May 30th. LADENBURG THALM/SH SH raised Evergy to a "strong-buy" rating in a report on Thursday, May 8th. Mizuho boosted their price target on Evergy from $74.00 to $77.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Finally, UBS Group raised Evergy from a "neutral" rating to a "buy" rating and boosted 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 assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $74.44.
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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