Evergy, Inc. (NASDAQ:EVRG) Shares Acquired by Focus Partners Wealth

Focus Partners Wealth boosted its position in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 119.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,852 shares of the company's stock after buying an additional 6,984 shares during the period. Focus Partners Wealth's holdings in Evergy were worth $802,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of EVRG. Allworth Financial LP grew its position in shares of Evergy by 84.6% in the fourth quarter. Allworth Financial LP now owns 7,975 shares of the company's stock valued at $501,000 after purchasing an additional 3,654 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Evergy in the fourth quarter valued at approximately $49,000. Hennion & Walsh Asset Management Inc. grew its position in shares of Evergy by 23.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 10,692 shares of the company's stock valued at $658,000 after purchasing an additional 2,004 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Evergy by 15,406.4% in the fourth quarter. SG Americas Securities LLC now owns 921,546 shares of the company's stock valued at $56,721,000 after purchasing an additional 915,603 shares in the last quarter. Finally, Kingsview Wealth Management LLC purchased a new stake in shares of Evergy in the fourth quarter valued at approximately $214,000. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Evergy Trading Down 0.2%

NASDAQ:EVRG traded down $0.12 during trading hours on Friday, reaching $65.80. 1,502,951 shares of the stock were exchanged, compared to its average volume of 1,976,588. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. The business has a 50-day moving average of $67.26 and a two-hundred day moving average of $65.16. Evergy, Inc. has a twelve month low of $52.10 and a twelve month high of $70.36. The company has a market capitalization of $15.14 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 2.82 and a beta of 0.53.

Evergy (NASDAQ:EVRG - Get Free Report) last released 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). Evergy had a return on equity of 8.77% and a net margin of 14.77%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the company earned $0.54 earnings per share. On average, equities analysts predict that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend is Friday, May 23rd. Evergy's dividend payout ratio (DPR) is 70.26%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Citigroup upped their price target on Evergy from $77.00 to $79.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Wall Street Zen lowered Evergy from a "hold" rating to a "sell" rating in a research report on Thursday. UBS Group upgraded Evergy from a "neutral" rating to a "buy" rating and upped their price target for the company from $68.00 to $78.00 in a research report on Monday, April 28th. LADENBURG THALM/SH SH upgraded Evergy to a "strong-buy" rating in a research report on Thursday, May 8th. Finally, Barclays increased their price objective on Evergy from $72.00 to $73.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 22nd. One equities research 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. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $72.44.

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.