Rhumbline Advisers Buys 35,080 Shares of Evergy, Inc. (NASDAQ:EVRG)

Rhumbline Advisers lifted its position in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 9.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 398,235 shares of the company's stock after buying an additional 35,080 shares during the quarter. Rhumbline Advisers owned approximately 0.17% of Evergy worth $27,458,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Stolper Co lifted its holdings in shares of Evergy by 0.5% in the first quarter. Stolper Co now owns 34,630 shares of the company's stock worth $2,388,000 after buying an additional 169 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Evergy by 2.5% in the first quarter. Parallel Advisors LLC now owns 9,338 shares of the company's stock worth $644,000 after buying an additional 227 shares in the last quarter. Summit Global Investments lifted its holdings in shares of Evergy by 30.4% in the first quarter. Summit Global Investments now owns 201,208 shares of the company's stock worth $13,873,000 after buying an additional 46,894 shares in the last quarter. GAMMA Investing LLC lifted its holdings 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 worth $67,128,000 after buying an additional 961,780 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of Evergy by 184.4% in the first quarter. Versant Capital Management Inc now owns 2,133 shares of the company's stock worth $147,000 after buying an additional 1,383 shares in the last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.

Evergy Price Performance

Shares of EVRG stock traded up $0.17 during trading hours on Friday, hitting $65.24. 1,769,840 shares of the company's stock were exchanged, compared to its average volume of 1,984,547. The company has a market capitalization of $15.01 billion, a PE ratio of 17.63, a PEG ratio of 2.82 and a beta of 0.50. Evergy, Inc. has a 12-month low of $52.10 and a 12-month high of $70.36. The business's 50 day simple moving average is $66.88 and its 200-day simple moving average is $65.33. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15.

Evergy (NASDAQ:EVRG - Get Free Report) last posted its quarterly 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). The business had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.21 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. During the same period last year, the business posted $0.54 earnings per share. On average, equities research analysts anticipate that Evergy, Inc. will post 3.83 earnings per share for the current year.

Evergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 23rd will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.09%. The ex-dividend date is Friday, May 23rd. Evergy's dividend payout ratio is 70.26%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on EVRG shares. BMO Capital Markets started coverage on shares of Evergy in a report on Tuesday, May 13th. They issued an "outperform" rating and a $75.00 price target on the stock. UBS Group raised shares of Evergy from a "neutral" rating to a "buy" rating and raised their target price for the company from $68.00 to $78.00 in a research note on Monday, April 28th. LADENBURG THALM/SH SH raised shares of Evergy to a "strong-buy" rating in a research note on Thursday, May 8th. Barclays lowered their target price 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. Finally, Citigroup raised their target price on shares of Evergy from $77.00 to $79.00 and gave the company a "buy" rating in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Evergy presently has an average rating of "Moderate Buy" and an average target price of $72.19.

Evergy Company 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.