Evergy Inc. (NASDAQ:EVRG) Shares Bought by LPL Financial LLC

Key Points

• LPL Financial LLC increased its holdings in Evergy Inc. by 4.3% during the first quarter, now owning approximately 0.07% of the company valued at $11.78 million.
• Evergy's latest quarterly earnings report showed an EPS of $0.82, exceeding estimates, but revenue declined by 0.7% year-over-year.
• The company announced a quarterly dividend of $0.6675 per share, representing an annualized dividend yield of 3.7%.

LPL Financial LLC increased its holdings in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) by 4.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 170,879 shares of the company's stock after acquiring an additional 7,094 shares during the period. LPL Financial LLC owned approximately 0.07% of Evergy worth $11,782,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC lifted its stake in Evergy by 8,154.8% in the 1st quarter. GAMMA Investing LLC now owns 973,574 shares of the company's stock worth $67,128,000 after purchasing an additional 961,780 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Evergy in the first quarter worth $40,285,000. Raymond James Financial Inc. acquired a new position in shares of Evergy in the fourth quarter worth $32,488,000. Captrust Financial Advisors grew its stake in shares of Evergy by 67.2% in the fourth quarter. Captrust Financial Advisors now owns 1,113,538 shares of the company's stock worth $68,538,000 after acquiring an additional 447,558 shares in the last quarter. Finally, Natixis grew its stake in shares of Evergy by 334.7% during the fourth quarter. Natixis now owns 363,652 shares of the company's stock worth $22,383,000 after purchasing an additional 279,988 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 opened at $72.87 on Friday. The firm has a market cap of $16.77 billion, a P/E ratio of 19.18, a P/E/G ratio of 3.20 and a beta of 0.48. 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 1-year low of $57.28 and a 1-year high of $73.97. The firm has a fifty day moving average of $68.69 and a two-hundred day moving average of $67.39.

Evergy (NASDAQ:EVRG - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.78 by $0.04. Evergy had a net margin of 14.87% and a return on equity of 8.84%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the business posted $0.90 EPS. The company's quarterly revenue was down .7% on a year-over-year basis. As a group, research analysts anticipate that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, August 22nd will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.7%. Evergy's dividend payout ratio is presently 70.26%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EVRG. Mizuho boosted their price target on shares of Evergy from $70.00 to $74.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Barclays dropped their price target 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. Wall Street Zen lowered shares of Evergy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. LADENBURG THALM/SH SH upgraded shares of Evergy to a "strong-buy" rating in a research report on Thursday, May 8th. Finally, Jefferies Financial Group set a $78.00 price target on shares of Evergy and gave the company a "buy" rating in a research report on Tuesday, June 10th. 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. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus 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.

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