CWM LLC trimmed its stake in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) by 2.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 298,188 shares of the company's stock after selling 8,722 shares during the quarter. CWM LLC owned 0.13% of Evergy worth $20,560,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the stock. Bfsg LLC bought a new position in shares of Evergy in the first quarter worth $25,000. Lee Danner & Bass Inc. purchased a new position in Evergy during the fourth quarter worth about $26,000. Colonial Trust Co SC bought a new position in Evergy in the 4th quarter worth about $32,000. Alpine Bank Wealth Management bought a new position in Evergy in the 1st quarter worth about $32,000. Finally, Olde Wealth Management LLC purchased a new stake in shares of Evergy in the 1st quarter valued at about $32,000. Hedge funds and other institutional investors own 87.24% of the company's stock.
Evergy Trading Down 0.7%
NASDAQ:EVRG traded down $0.46 during trading hours on Monday, reaching $68.50. The company's stock had a trading volume of 2,623,113 shares, compared to its average volume of 2,344,139. Evergy Inc. has a 1 year low of $54.09 and a 1 year high of $70.36. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.29 and a current ratio of 0.55. The firm has a 50-day simple moving average of $67.36 and a 200-day simple moving average of $66.33. The firm has a market capitalization of $15.76 billion, a price-to-earnings ratio of 18.03, a PEG ratio of 3.00 and a beta of 0.50.
Evergy (NASDAQ:EVRG - Get Free Report) last announced its quarterly earnings results 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 analysts' expectations 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 company earned $0.54 EPS. Research analysts expect that Evergy Inc. will post 3.83 EPS for the current fiscal year.
Evergy Dividend Announcement
The firm also recently disclosed 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 was Friday, May 23rd. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.90%. Evergy's dividend payout ratio is currently 70.26%.
Wall Street Analyst Weigh In
Several research analysts have recently commented on EVRG shares. Citigroup boosted their price objective 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 raised shares of Evergy to a "strong-buy" rating in a research note on Thursday, May 8th. Jefferies Financial Group set a $78.00 price objective on shares of Evergy and gave the company a "buy" rating in a research report on Tuesday, June 10th. Barclays dropped their price objective on shares of Evergy from $73.00 to $71.00 and set an "overweight" rating for the company in a report on Friday, May 30th. Finally, BMO Capital Markets initiated coverage on Evergy in a research note on Tuesday, May 13th. They issued an "outperform" rating and a $75.00 target price on the stock. One 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 company's stock. According to data from MarketBeat.com, Evergy presently has an average rating of "Moderate Buy" and an average price target of $73.19.
Check Out Our Latest Analysis on Evergy
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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