Leeward Investments LLC MA Raises Stock Holdings in Evergy Inc. (NASDAQ:EVRG)

Leeward Investments LLC MA raised its position in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) by 17.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 147,329 shares of the company's stock after buying an additional 21,416 shares during the quarter. Leeward Investments LLC MA owned about 0.06% of Evergy worth $10,158,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Evergy by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 30,665,885 shares of the company's stock worth $1,887,485,000 after buying an additional 221,086 shares in the last quarter. Franklin Resources Inc. grew its holdings in Evergy by 2.3% in the fourth quarter. Franklin Resources Inc. now owns 5,660,930 shares of the company's stock valued at $348,430,000 after purchasing an additional 128,211 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Evergy by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 5,637,257 shares of the company's stock valued at $346,063,000 after acquiring an additional 133,641 shares during the last quarter. American Century Companies Inc. lifted its position in Evergy by 3.8% during the fourth quarter. American Century Companies Inc. now owns 3,555,122 shares of the company's stock worth $218,818,000 after buying an additional 130,804 shares during the period. Finally, Federated Hermes Inc. lifted its position in Evergy by 2.2% during the fourth quarter. Federated Hermes Inc. now owns 3,434,216 shares of the company's stock worth $211,376,000 after buying an additional 73,066 shares during the period. 87.24% of the stock is owned by hedge funds and other institutional investors.

Evergy Price Performance

Shares of EVRG stock traded up $1.17 on Friday, hitting $70.15. 1,782,353 shares of the company's stock were exchanged, compared to its average volume of 2,065,908. 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 12 month low of $52.58 and a 12 month high of $70.36. The stock has a market cap of $16.14 billion, a P/E ratio of 18.46, a price-to-earnings-growth ratio of 3.05 and a beta of 0.50. The company has a 50 day moving average of $67.35 and a 200 day moving average of $66.03.

Evergy (NASDAQ:EVRG - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.54 earnings per share (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 firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the company earned $0.54 EPS. On average, equities research analysts predict that Evergy Inc. will post 3.83 EPS for the current year.

Evergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, May 23rd were issued a $0.6675 dividend. The ex-dividend date was Friday, May 23rd. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.81%. Evergy's dividend payout ratio is presently 70.26%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on EVRG shares. Wall Street Zen lowered Evergy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. BMO Capital Markets initiated coverage on Evergy in a report on Tuesday, May 13th. They set an "outperform" rating and a $75.00 price target on the stock. Jefferies Financial Group set a $78.00 target price on Evergy and gave the company a "buy" rating in a research note on Tuesday, June 10th. Citigroup upped their price target on Evergy from $77.00 to $79.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Finally, LADENBURG THALM/SH SH raised Evergy to a "strong-buy" rating in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $73.19.

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.