Cullen Frost Bankers Inc. Has $19.22 Million Stock Position in Evergy Inc. (NASDAQ:EVRG)

Cullen Frost Bankers Inc. increased its holdings in Evergy Inc. (NASDAQ:EVRG - Free Report) by 2.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 278,796 shares of the company's stock after acquiring an additional 7,957 shares during the period. Cullen Frost Bankers Inc. owned about 0.12% of Evergy worth $19,223,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Stolper Co boosted its stake in Evergy by 0.5% during the 1st quarter. Stolper Co now owns 34,630 shares of the company's stock valued at $2,388,000 after purchasing an additional 169 shares during the period. KCM Investment Advisors LLC lifted its position in shares of Evergy by 3.7% in the 4th quarter. KCM Investment Advisors LLC now owns 5,946 shares of the company's stock worth $366,000 after acquiring an additional 210 shares during the period. Retirement Planning Group LLC lifted its position in shares of Evergy by 0.9% in the 4th quarter. Retirement Planning Group LLC now owns 24,372 shares of the company's stock worth $1,500,000 after acquiring an additional 210 shares during the period. MainStreet Investment Advisors LLC lifted its position in shares of Evergy by 4.7% in the 4th quarter. MainStreet Investment Advisors LLC now owns 4,877 shares of the company's stock worth $300,000 after acquiring an additional 221 shares during the period. Finally, Parallel Advisors LLC lifted its position in shares of Evergy by 2.5% in the 1st quarter. Parallel Advisors LLC now owns 9,338 shares of the company's stock worth $644,000 after acquiring an additional 227 shares during the period. 87.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on EVRG. BMO Capital Markets began coverage on Evergy in a research report on Tuesday, May 13th. They issued an "outperform" rating and a $75.00 price objective for the company. Jefferies Financial Group set a $78.00 target price on shares of Evergy and gave the company a "buy" rating in a research note on Tuesday, June 10th. Barclays lowered their target price on shares of Evergy from $73.00 to $71.00 and set an "overweight" rating on the stock in a research note on Friday, May 30th. UBS Group raised shares of Evergy from a "neutral" rating to a "buy" rating and upped their target price for the company from $68.00 to $78.00 in a research note on Monday, April 28th. Finally, Wall Street Zen cut shares of Evergy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $74.06.

Evergy Price Performance

EVRG stock traded up $1.06 during midday trading on Friday, reaching $68.90. 1,980,515 shares of the company's stock traded hands, compared to its average volume of 2,107,320. The company has a 50-day simple moving average of $67.35 and a two-hundred day simple moving average of $66.49. Evergy Inc. has a 1-year low of $54.76 and a 1-year high of $70.36. The company has a market cap of $15.85 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 2.96 and a beta of 0.50. 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 released its quarterly earnings results on Thursday, May 8th. The company reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.12). Evergy had a net margin of 14.87% and a return on equity of 8.84%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the business earned $0.54 earnings per share. On average, analysts anticipate that Evergy Inc. will post 3.83 earnings per share for the current year.

Evergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, May 23rd were issued a dividend of $0.6675 per share. The ex-dividend date was Friday, May 23rd. This represents a $2.67 dividend on an annualized basis and a yield of 3.88%. Evergy's dividend payout ratio is 70.26%.

Evergy 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.