Envestnet Portfolio Solutions Inc. Has $269,000 Stake in Evergy Inc. (NASDAQ:EVRG)

Envestnet Portfolio Solutions Inc. reduced its position in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) by 68.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,899 shares of the company's stock after selling 8,496 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Evergy were worth $269,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. LaFleur & Godfrey LLC boosted its holdings in shares of Evergy by 11.5% in the fourth quarter. LaFleur & Godfrey LLC now owns 16,492 shares of the company's stock valued at $1,015,000 after acquiring an additional 1,700 shares in the last quarter. Brighton Jones LLC purchased a new position in shares of Evergy during the 4th quarter worth approximately $257,000. Amalgamated Bank lifted its holdings in shares of Evergy by 1.4% in the 4th quarter. Amalgamated Bank now owns 45,435 shares of the company's stock valued at $2,797,000 after buying an additional 633 shares during the period. National Pension Service purchased a new stake in shares of Evergy in the fourth quarter valued at approximately $30,000. Finally, New York Life Investment Management LLC boosted its stake in shares of Evergy by 0.7% in the fourth quarter. New York Life Investment Management LLC now owns 30,648 shares of the company's stock valued at $1,886,000 after buying an additional 226 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors.

Evergy Stock Performance

EVRG stock opened at $68.31 on Monday. The company has a 50-day simple moving average of $67.19 and a 200 day simple moving average of $65.77. The company has a market capitalization of $15.72 billion, a P/E ratio of 17.98, a PEG ratio of 2.97 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 Inc. has a fifty-two week low of $52.32 and a fifty-two week 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 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.12). The company had revenue of $1.37 billion for 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 quarter in the prior year, the business earned $0.54 EPS. Sell-side analysts predict that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, May 23rd were paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 3.91%. The ex-dividend date was Friday, May 23rd. Evergy's dividend payout ratio is presently 70.26%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. BMO Capital Markets began coverage on Evergy in a report on Tuesday, May 13th. They set an "outperform" rating and a $75.00 price objective for the company. UBS Group upgraded Evergy from a "neutral" rating to a "buy" rating and increased their target price for the company from $68.00 to $78.00 in a research note on Monday, April 28th. LADENBURG THALM/SH SH raised shares of Evergy to a "strong-buy" rating in a research report on Thursday, May 8th. Jefferies Financial Group set a $78.00 target price on Evergy and gave the company a "buy" rating in a research note on Tuesday, June 10th. Finally, Wall Street Zen lowered shares of Evergy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. One investment 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 stock. Based on data from MarketBeat, Evergy has an average rating of "Moderate Buy" and a consensus price target of $73.19.

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.

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