Massachusetts Financial Services Co. MA raised its position in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) by 86.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 407,836 shares of the company's stock after buying an additional 189,205 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.18% of Evergy worth $28,120,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. ExodusPoint Capital Management LP increased its holdings in Evergy by 164.8% in the fourth quarter. ExodusPoint Capital Management LP now owns 2,312,953 shares of the company's stock worth $142,362,000 after buying an additional 1,439,450 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Evergy by 8,154.8% in the first quarter. GAMMA Investing LLC now owns 973,574 shares of the company's stock valued at $67,128,000 after purchasing an additional 961,780 shares during the last quarter. Groupama Asset Managment increased its stake in shares of Evergy by 3,216.6% in the fourth quarter. Groupama Asset Managment now owns 880,768 shares of the company's stock worth $54,211,000 after purchasing an additional 854,212 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Evergy during the 1st quarter worth about $40,285,000. Finally, Raymond James Financial Inc. bought a new stake in Evergy during the 4th quarter valued at approximately $32,488,000. 87.24% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
EVRG has been the topic of several research analyst reports. Barclays lowered their price objective 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. BMO Capital Markets started coverage on shares of Evergy in a research note on Tuesday, May 13th. They issued an "outperform" rating and a $75.00 price objective on the stock. Jefferies Financial Group set a $78.00 price target on Evergy and gave the company a "buy" rating in a report on Tuesday, June 10th. Wall Street Zen cut Evergy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, LADENBURG THALM/SH SH raised Evergy to a "strong-buy" rating in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $74.06.
Read Our Latest Report on Evergy
Evergy Stock Performance
Shares of NASDAQ:EVRG opened at $68.90 on Friday. The stock has a market capitalization of $15.85 billion, a P/E ratio of 18.13, a P/E/G ratio of 2.96 and a beta of 0.50. Evergy Inc. has a 1-year low of $54.76 and a 1-year high of $70.36. The company has a current ratio of 0.55, a quick ratio of 0.29 and a debt-to-equity ratio of 1.24. The business has a 50-day moving average price of $67.35 and a two-hundred day moving average price of $66.49.
Evergy (NASDAQ:EVRG - Get Free Report) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $1.21 billion. Evergy had a net margin of 14.87% and a return on equity of 8.84%. During the same period last year, the company earned $0.54 earnings per share. Equities analysts predict that Evergy Inc. will post 3.83 earnings per share for the current year.
Evergy Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, May 23rd were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date was Friday, May 23rd. Evergy's dividend payout ratio (DPR) is currently 70.26%.
About Evergy
(
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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