Keybank National Association OH raised its stake in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) by 115.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,739 shares of the company's stock after acquiring an additional 6,839 shares during the quarter. Keybank National Association OH's holdings in Evergy were worth $878,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in Evergy during the 4th quarter valued at $49,000. Sowell Financial Services LLC bought a new position in Evergy during the 1st quarter valued at $267,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Evergy during the 4th quarter valued at $1,728,000. Atria Investments Inc boosted its stake in Evergy by 101.1% during the 4th quarter. Atria Investments Inc now owns 8,016 shares of the company's stock valued at $493,000 after acquiring an additional 4,030 shares during the last quarter. Finally, Brighton Jones LLC bought a new position in Evergy during the 4th quarter valued at $257,000. 87.24% of the stock is currently owned by institutional investors.
Evergy Stock Performance
Shares of EVRG opened at $70.15 on Friday. The firm's 50 day moving average is $67.35 and its 200-day moving average is $66.03. The stock has a market capitalization of $16.14 billion, a P/E ratio of 18.46, a P/E/G ratio of 3.05 and a beta of 0.50. 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 Inc. has a 12-month low of $52.58 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 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.12). Evergy had a return on equity of 8.84% and a net margin of 14.87%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the business posted $0.54 EPS. Equities research analysts anticipate that Evergy Inc. will post 3.83 EPS for the current fiscal year.
Evergy Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, May 23rd were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date was Friday, May 23rd. Evergy's dividend payout ratio is 70.26%.
Analysts Set New Price Targets
A number of research firms have recently issued reports on EVRG. LADENBURG THALM/SH SH upgraded shares of Evergy to a "strong-buy" rating in a research report on Thursday, May 8th. Citigroup raised their price target on shares of Evergy from $77.00 to $79.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Jefferies Financial Group set a $78.00 price target on shares of Evergy and gave the stock a "buy" rating in a research report on Tuesday, June 10th. UBS Group upgraded shares of Evergy from a "neutral" rating to a "buy" rating and raised their price target for the stock from $68.00 to $78.00 in a research report on Monday, April 28th. Finally, Wall Street Zen downgraded shares of Evergy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $73.19.
Check Out Our Latest Stock Analysis on EVRG
Evergy Company 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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