Evergy Inc. (NASDAQ:EVRG) Shares Bought by CHURCHILL MANAGEMENT Corp

CHURCHILL MANAGEMENT Corp raised its stake in Evergy Inc. (NASDAQ:EVRG - Free Report) by 10.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 140,244 shares of the company's stock after purchasing an additional 12,714 shares during the quarter. CHURCHILL MANAGEMENT Corp owned 0.06% of Evergy worth $9,670,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Ameritas Advisory Services LLC grew its position in Evergy by 12.1% in the 1st quarter. Ameritas Advisory Services LLC now owns 3,882 shares of the company's stock valued at $257,000 after buying an additional 419 shares during the last quarter. Amalgamated Bank lifted its stake in shares of Evergy by 0.6% in the 1st quarter. Amalgamated Bank now owns 45,702 shares of the company's stock worth $3,151,000 after acquiring an additional 267 shares during the period. Verity Asset Management Inc. lifted its stake in shares of Evergy by 2.9% in the 1st quarter. Verity Asset Management Inc. now owns 10,821 shares of the company's stock worth $746,000 after acquiring an additional 300 shares during the period. KBC Group NV boosted its holdings in shares of Evergy by 28.4% in the first quarter. KBC Group NV now owns 16,391 shares of the company's stock valued at $1,130,000 after acquiring an additional 3,622 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Evergy by 13.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,568 shares of the company's stock worth $1,803,000 after acquiring an additional 3,202 shares during the period. Institutional investors and hedge funds own 87.24% of the company's stock.

Evergy Price Performance

EVRG traded up $0.53 during trading on Tuesday, reaching $69.46. 2,621,594 shares of the stock were exchanged, compared to its average volume of 2,056,593. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.55 and a quick ratio of 0.29. The company has a market capitalization of $15.98 billion, a price-to-earnings ratio of 18.28, a P/E/G ratio of 2.97 and a beta of 0.50. Evergy Inc. has a 1 year low of $52.32 and a 1 year high of $70.36. The business's 50 day moving average price is $67.23 and its two-hundred day moving average price is $65.82.

Evergy (NASDAQ:EVRG - Get Free Report) last released its quarterly earnings results 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). Evergy had a return on equity of 8.84% and a net margin of 14.87%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period last year, the firm earned $0.54 EPS. As a group, equities research analysts anticipate that Evergy Inc. will post 3.83 earnings per share for the current year.

Evergy Announces Dividend

The firm 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 annualized dividend and a dividend yield of 3.84%. Evergy's dividend payout ratio is presently 70.26%.

Analysts Set New Price Targets

EVRG has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of Evergy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. UBS Group raised Evergy from a "neutral" rating to a "buy" rating and increased their target price for the stock from $68.00 to $78.00 in a research note on Monday, April 28th. Jefferies Financial Group set a $78.00 price target on Evergy and gave the company a "buy" rating in a research note on Tuesday, June 10th. Barclays dropped their price objective on Evergy from $73.00 to $71.00 and set an "overweight" rating on the stock in a report on Friday, May 30th. Finally, BMO Capital Markets assumed coverage on Evergy in a report on Tuesday, May 13th. They issued an "outperform" rating and a $75.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $73.19.

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.