Evergy Inc. (NASDAQ:EVRG) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC decreased its position in Evergy Inc. (NASDAQ:EVRG - Free Report) by 73.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 175,814 shares of the company's stock after selling 478,310 shares during the period. Los Angeles Capital Management LLC owned 0.08% of Evergy worth $12,122,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Bfsg LLC acquired a new stake in shares of Evergy during the 1st quarter worth about $25,000. Lee Danner & Bass Inc. purchased a new position in Evergy in the fourth quarter valued at approximately $26,000. Colonial Trust Co SC purchased a new position in shares of Evergy in the 4th quarter valued at $32,000. Alpine Bank Wealth Management acquired a new position in Evergy in the first quarter valued at $32,000. Finally, Olde Wealth Management LLC purchased a new position in shares of Evergy during the first quarter worth about $32,000. Institutional investors and hedge funds own 87.24% of the company's stock.

Evergy Trading Up 0.2%

Shares of NASDAQ:EVRG traded up $0.16 during trading on Monday, reaching $69.06. 1,557,387 shares of the company traded hands, compared to its average volume of 2,109,625. The firm has a market capitalization of $15.89 billion, a price-to-earnings ratio of 18.17, a P/E/G ratio of 3.01 and a beta of 0.50. Evergy Inc. has a 52-week low of $55.13 and a 52-week 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's fifty day moving average is $67.35 and its 200-day moving average is $66.56.

Evergy (NASDAQ:EVRG - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.12). Evergy had a net margin of 14.87% and a return on equity of 8.84%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the firm earned $0.54 earnings per share. As a group, analysts forecast that Evergy Inc. will post 3.83 EPS for the current year.

Evergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, May 23rd were given a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 3.87%. The ex-dividend date was Friday, May 23rd. Evergy's dividend payout ratio (DPR) is presently 70.26%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on EVRG shares. Barclays lowered their price target on Evergy from $73.00 to $71.00 and set an "overweight" rating for the company in a report on Friday, May 30th. Wall Street Zen cut Evergy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Mizuho upped their target price on shares of Evergy from $70.00 to $74.00 and gave the company an "outperform" rating in a research note on Friday. BMO Capital Markets initiated coverage on shares of Evergy in a report on Tuesday, May 13th. They issued an "outperform" rating and a $75.00 price target for the company. Finally, Jefferies Financial Group set a $78.00 target price on Evergy and gave the stock a "buy" rating in a research report on Tuesday, June 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Evergy has an average rating of "Moderate Buy" and an average target price of $74.06.

About Evergy

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.