Larson Financial Group LLC reduced its stake in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) by 64.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,317 shares of the company's stock after selling 5,954 shares during the quarter. Larson Financial Group LLC's holdings in Evergy were worth $229,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ExodusPoint Capital Management LP grew its position in shares of Evergy by 164.8% in the fourth quarter. ExodusPoint Capital Management LP now owns 2,312,953 shares of the company's stock valued at $142,362,000 after purchasing an additional 1,439,450 shares during the last quarter. GAMMA Investing LLC raised its stake in Evergy by 8,154.8% during the first 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 during the period. Groupama Asset Managment raised its stake in Evergy by 3,216.6% during the fourth quarter. Groupama Asset Managment now owns 880,768 shares of the company's stock worth $54,211,000 after purchasing an additional 854,212 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in Evergy during the first quarter worth approximately $40,285,000. Finally, Raymond James Financial Inc. purchased a new position in Evergy during the fourth quarter worth approximately $32,488,000. 87.24% of the stock is currently owned by institutional investors and hedge funds.
Evergy Stock Performance
Shares of NASDAQ EVRG opened at $68.90 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.55 and a debt-to-equity ratio of 1.24. The firm's 50-day moving average price is $67.35 and its two-hundred day moving average price is $66.49. The stock has a market capitalization of $15.85 billion, a P/E ratio of 18.13, a P/E/G ratio of 2.96 and a beta of 0.50. Evergy Inc. has a 52-week low of $54.76 and a 52-week high of $70.36.
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 8.84% and a net margin of 14.87%. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the firm posted $0.54 earnings per share. As a group, sell-side analysts forecast that Evergy Inc. will post 3.83 earnings per share for the current year.
Evergy Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, May 23rd were issued a $0.6675 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.88%. Evergy's payout ratio is currently 70.26%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the stock. LADENBURG THALM/SH SH raised shares of Evergy to a "strong-buy" rating in a research note on Thursday, May 8th. Barclays cut 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. 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. Wall Street Zen downgraded shares of Evergy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Finally, Jefferies Financial Group set a $78.00 target price on shares of Evergy and gave the company a "buy" rating in a research note on Tuesday, June 10th. One investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $74.06.
Check Out Our Latest Analysis on Evergy
About Evergy
(
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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