CWA Asset Management Group LLC increased its holdings in Evergy Inc. (NASDAQ:EVRG - Free Report) by 23.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,339 shares of the company's stock after acquiring an additional 5,337 shares during the quarter. CWA Asset Management Group LLC's holdings in Evergy were worth $1,954,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. LaFleur & Godfrey LLC grew its position in Evergy by 11.5% in the 4th quarter. LaFleur & Godfrey LLC now owns 16,492 shares of the company's stock valued at $1,015,000 after buying an additional 1,700 shares during the last quarter. Brighton Jones LLC acquired a new position in shares of Evergy during the 4th quarter worth $257,000. Empowered Funds LLC increased its holdings in shares of Evergy by 6.5% in the 4th quarter. Empowered Funds LLC now owns 3,890 shares of the company's stock valued at $239,000 after purchasing an additional 238 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Evergy by 102.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 60,494 shares of the company's stock valued at $3,729,000 after purchasing an additional 30,563 shares during the period. Finally, Allworth Financial LP lifted its stake in shares of Evergy by 84.6% in the fourth quarter. Allworth Financial LP now owns 7,975 shares of the company's stock valued at $501,000 after purchasing an additional 3,654 shares during the period. 87.24% of the stock is owned by institutional investors and hedge funds.
Evergy Price Performance
Shares of NASDAQ EVRG traded up $0.40 on Friday, hitting $67.19. The company's stock had a trading volume of 2,768,991 shares, compared to its average volume of 2,037,622. The stock has a 50 day moving average of $67.13 and a 200-day moving average of $65.53. 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 $15.46 billion, a price-to-earnings ratio of 17.68, a price-to-earnings-growth ratio of 2.90 and a beta of 0.49. Evergy Inc. has a 12-month low of $52.10 and a 12-month high of $70.36.
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 analysts' consensus estimates of $0.66 by ($0.12). The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates 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 prior year, the firm earned $0.54 EPS. As a group, research analysts predict that Evergy Inc. will post 3.83 EPS for the current year.
Evergy Announces Dividend
The company 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 $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date of this dividend is Friday, May 23rd. Evergy's dividend payout ratio is presently 70.26%.
Wall Street Analyst Weigh In
A number of analysts recently commented on EVRG shares. Barclays decreased 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. BMO Capital Markets started coverage on shares of Evergy in a report on Tuesday, May 13th. They set an "outperform" rating and a $75.00 price objective on the stock. UBS Group raised shares of Evergy from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $68.00 to $78.00 in a report on Monday, April 28th. LADENBURG THALM/SH SH raised shares of Evergy to a "strong-buy" rating in a report on Thursday, May 8th. Finally, Wall Street Zen downgraded shares of Evergy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Evergy presently has a consensus rating of "Moderate Buy" and an average price target of $73.19.
Read Our Latest Report 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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