Benjamin Edwards Inc. decreased its holdings in Evergy Inc. (NASDAQ:EVRG - Free Report) by 91.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,563 shares of the company's stock after selling 84,010 shares during the period. Benjamin Edwards Inc.'s holdings in Evergy were worth $521,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also modified their holdings of the business. Frank Rimerman Advisors LLC acquired a new position in shares of Evergy in the first quarter worth $215,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Evergy in the first quarter worth $1,929,000. Zions Bancorporation National Association UT acquired a new stake in shares of Evergy in the 1st quarter valued at $48,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Evergy by 11.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 401,095 shares of the company's stock valued at $27,656,000 after purchasing an additional 40,249 shares in the last quarter. Finally, CenterBook Partners LP acquired a new stake in shares of Evergy in the 1st quarter valued at $1,779,000. Institutional investors and hedge funds own 87.24% of the company's stock.
Analysts Set New Price Targets
EVRG has been the topic of a number of analyst reports. 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 objective on the stock. Barclays reduced their price objective on shares of Evergy from $73.00 to $71.00 and set an "overweight" rating on the stock in a report on Friday, May 30th. Mizuho raised their price objective on shares of Evergy from $74.00 to $77.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Jefferies Financial Group set a $78.00 price objective on shares of Evergy and gave the company a "buy" rating in a report on Tuesday, June 10th. Finally, Wall Street Zen cut shares of Evergy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Evergy currently has a consensus rating of "Moderate Buy" and an average target price of $74.44.
Get Our Latest Stock Report on Evergy
Evergy Trading Down 0.6%
EVRG opened at $72.81 on Friday. The firm has a market cap of $16.76 billion, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 3.20 and a beta of 0.48. Evergy Inc. has a 52 week low of $57.82 and a 52 week high of $73.97. The business's 50 day moving average is $69.38 and its two-hundred day moving average is $67.71. The company has a quick ratio of 0.27, a current ratio of 0.50 and a debt-to-equity ratio of 1.24.
Evergy (NASDAQ:EVRG - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.78 by $0.04. The business had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.45 billion. Evergy had a net margin of 14.29% and a return on equity of 8.62%. The company's quarterly revenue was down .7% on a year-over-year basis. During the same period in the previous year, the company posted $0.90 EPS. On average, research analysts predict that Evergy Inc. will post 3.83 EPS for the current year.
Evergy Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 22nd will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, August 22nd. Evergy's payout ratio is presently 73.35%.
Evergy Company Profile
(
Free Report)
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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