Evergy, Inc. (NASDAQ:EVRG) Shares Sold by Zimmer Partners LP

Zimmer Partners LP trimmed its stake in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 10.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,709,310 shares of the company's stock after selling 451,911 shares during the period. Evergy comprises approximately 3.9% of Zimmer Partners LP's investment portfolio, making the stock its 8th biggest position. Zimmer Partners LP owned approximately 1.61% of Evergy worth $228,308,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Lee Danner & Bass Inc. bought a new stake in Evergy during the fourth quarter valued at $26,000. National Pension Service bought a new stake in Evergy during the fourth quarter valued at $30,000. Bank of Jackson Hole Trust bought a new stake in Evergy during the fourth quarter valued at $31,000. Colonial Trust Co SC bought a new stake in Evergy during the fourth quarter valued at $32,000. Finally, Sandy Spring Bank boosted its position in Evergy by 5,983.3% during the fourth quarter. Sandy Spring Bank now owns 730 shares of the company's stock valued at $45,000 after acquiring an additional 718 shares during the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Evergy Trading Up 0.3%

EVRG opened at $67.12 on Tuesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32. The firm has a market capitalization of $15.44 billion, a PE ratio of 18.14, a P/E/G ratio of 2.82 and a beta of 0.53. Evergy, Inc. has a fifty-two week low of $52.10 and a fifty-two week high of $70.36. The company's 50-day moving average is $67.32 and its 200 day moving average is $65.03.

Evergy (NASDAQ:EVRG - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.12). The firm had revenue of $1.37 billion during the quarter, compared to analysts' expectations 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 business posted $0.54 EPS. As a group, research analysts predict that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 23rd will be paid a $0.6675 dividend. The ex-dividend date is Friday, May 23rd. This represents a $2.67 annualized dividend and a yield of 3.98%. Evergy's dividend payout ratio (DPR) is 70.26%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on EVRG shares. LADENBURG THALM/SH SH raised shares of Evergy to a "strong-buy" rating in a research report on Thursday, May 8th. Barclays increased their price objective on shares of Evergy from $72.00 to $73.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 22nd. BMO Capital Markets started coverage on shares of Evergy in a research report on Tuesday, May 13th. They set an "outperform" rating and a $75.00 price objective on the stock. UBS Group raised shares of Evergy from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $68.00 to $78.00 in a research report on Monday, April 28th. Finally, Citigroup increased their price objective on shares of Evergy from $77.00 to $79.00 and gave the stock a "buy" rating in a research report on Friday. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Evergy presently has an average rating of "Buy" and an average price target of $72.44.

Evergy 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.

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