Evergy Inc. (NASDAQ:EVRG) Holdings Reduced by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd decreased its position in Evergy Inc. (NASDAQ:EVRG - Free Report) by 40.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,284 shares of the company's stock after selling 19,942 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Evergy were worth $2,019,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Evergy by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 30,665,885 shares of the company's stock worth $1,887,485,000 after purchasing an additional 221,086 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Evergy by 2.3% in the 4th quarter. Franklin Resources Inc. now owns 5,660,930 shares of the company's stock worth $348,430,000 after acquiring an additional 128,211 shares during the period. Geode Capital Management LLC lifted its stake in shares of Evergy by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 5,637,257 shares of the company's stock worth $346,063,000 after acquiring an additional 133,641 shares during the period. American Century Companies Inc. lifted its stake in shares of Evergy by 3.8% in the 4th quarter. American Century Companies Inc. now owns 3,555,122 shares of the company's stock worth $218,818,000 after acquiring an additional 130,804 shares during the period. Finally, Federated Hermes Inc. lifted its stake in shares of Evergy by 2.2% in the 4th quarter. Federated Hermes Inc. now owns 3,434,216 shares of the company's stock worth $211,376,000 after acquiring an additional 73,066 shares during the period. Institutional investors own 87.24% of the company's stock.

Evergy Stock Up 1.7%

EVRG stock opened at $70.15 on Friday. Evergy Inc. has a 12 month low of $52.32 and a 12 month high of $70.36. The firm has a market cap of $16.14 billion, a PE ratio of 18.46, a P/E/G ratio of 3.05 and a beta of 0.50. The firm has a 50 day simple moving average of $67.35 and a 200 day simple moving average of $65.99. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.55 and a quick ratio of 0.29.

Evergy (NASDAQ:EVRG - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.54 EPS for the quarter, missing the consensus estimate 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 company earned $0.54 earnings per share. Equities research analysts forecast that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, May 23rd were issued a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.81%. Evergy's dividend payout ratio is currently 70.26%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. UBS Group raised shares of Evergy from a "neutral" rating to a "buy" rating and upped their price target for the stock from $68.00 to $78.00 in a research note on Monday, April 28th. BMO Capital Markets assumed coverage on shares of Evergy in a research note on Tuesday, May 13th. They issued an "outperform" rating and a $75.00 price target for the company. Citigroup upped their price target on shares of Evergy from $77.00 to $79.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Wall Street Zen lowered shares of Evergy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Finally, LADENBURG THALM/SH SH raised shares of Evergy to a "strong-buy" rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price 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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