Davis Capital Management Has $1.13 Million Holdings in Evergy, Inc. (NASDAQ:EVRG)

Davis Capital Management grew its position in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 47.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 16,340 shares of the company's stock after buying an additional 5,292 shares during the period. Davis Capital Management's holdings in Evergy were worth $1,127,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allworth Financial LP increased its stake in shares of Evergy by 84.6% in the 4th quarter. Allworth Financial LP now owns 7,975 shares of the company's stock valued at $501,000 after buying an additional 3,654 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Evergy during the fourth quarter worth $49,000. Kingsview Wealth Management LLC acquired a new stake in shares of Evergy during the fourth quarter worth $214,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Evergy during the fourth quarter worth $1,728,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Evergy by 4.6% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 539,263 shares of the company's stock worth $33,192,000 after purchasing an additional 23,957 shares during the period. 87.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Barclays decreased their price objective on Evergy from $73.00 to $71.00 and set an "overweight" rating for the company in a research note on Friday, May 30th. LADENBURG THALM/SH SH raised Evergy to a "strong-buy" rating in a research note on Thursday, May 8th. Citigroup lifted their price objective on Evergy from $77.00 to $79.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. BMO Capital Markets began coverage on Evergy in a report on Tuesday, May 13th. They set an "outperform" rating and a $75.00 target price on the stock. Finally, UBS Group upgraded Evergy from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $68.00 to $78.00 in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $72.19.

Evergy Stock Up 0.3%

Shares of Evergy stock traded up $0.17 during trading on Friday, reaching $65.24. The stock had a trading volume of 1,769,840 shares, compared to its average volume of 1,984,547. The company has a market capitalization of $15.01 billion, a price-to-earnings ratio of 17.63, a P/E/G ratio of 2.82 and a beta of 0.50. The stock has a fifty day moving average price of $66.88 and a two-hundred day moving average price of $65.33. Evergy, Inc. has a 52 week low of $52.10 and a 52 week high of $70.36. 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 issued 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 firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.21 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. During the same quarter last year, the firm earned $0.54 earnings per share. Sell-side analysts predict that Evergy, Inc. will post 3.83 EPS for the current fiscal year.

Evergy Announces Dividend

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

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.