Hennion & Walsh Asset Management Inc. Purchases 6,027 Shares of Evergy, Inc. (NASDAQ:EVRG)

Hennion & Walsh Asset Management Inc. boosted its position in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 56.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,719 shares of the company's stock after purchasing an additional 6,027 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in Evergy were worth $1,153,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EVRG. Miller Howard Investments Inc. NY grew its position in shares of Evergy by 1.4% during the 4th quarter. Miller Howard Investments Inc. NY now owns 11,741 shares of the company's stock worth $723,000 after buying an additional 162 shares during the period. Quent Capital LLC grew its position in shares of Evergy by 4.6% during the 4th quarter. Quent Capital LLC now owns 3,692 shares of the company's stock worth $227,000 after buying an additional 163 shares during the period. Stolper Co grew its position in shares of Evergy by 0.5% in the 1st quarter. Stolper Co now owns 34,630 shares of the company's stock valued at $2,388,000 after purchasing an additional 169 shares during the period. Mather Group LLC. increased its stake in Evergy by 5.7% during the 4th quarter. Mather Group LLC. now owns 3,231 shares of the company's stock worth $199,000 after purchasing an additional 173 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in Evergy by 5.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,873 shares of the company's stock worth $238,000 after purchasing an additional 190 shares in the last quarter. 87.24% of the stock is owned by institutional investors.

Evergy Stock Up 0.3%

EVRG opened at $65.24 on Friday. Evergy, Inc. has a fifty-two week low of $52.10 and a fifty-two week high of $70.36. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The company has a market capitalization of $15.01 billion, a P/E ratio of 17.63, a P/E/G ratio of 2.82 and a beta of 0.50. The stock has a fifty day moving average of $66.88 and a 200-day moving average of $65.33.

Evergy (NASDAQ:EVRG - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.12). Evergy had a return on equity of 8.77% and a net margin of 14.77%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the business posted $0.54 EPS. On average, equities analysts expect that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date is Friday, May 23rd. Evergy's dividend payout ratio is currently 70.26%.

Analyst Ratings Changes

A number of research firms recently issued reports on EVRG. UBS Group raised Evergy from a "neutral" rating to a "buy" rating and increased their target price for the stock from $68.00 to $78.00 in a research note on Monday, April 28th. Citigroup increased their target price on Evergy from $77.00 to $79.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. BMO Capital Markets initiated coverage on shares of Evergy in a research note on Tuesday, May 13th. They set an "outperform" rating and a $75.00 price target for the company. Barclays decreased their price target on shares of Evergy from $73.00 to $71.00 and set an "overweight" rating for the company in a research note on Friday, May 30th. Finally, Wall Street Zen cut shares of Evergy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $72.19.

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.

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