J.W. Cole Advisors Inc. Acquires 4,229 Shares of Evergy Inc. (NASDAQ:EVRG)

J.W. Cole Advisors Inc. boosted its stake in Evergy Inc. (NASDAQ:EVRG - Free Report) by 25.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,770 shares of the company's stock after acquiring an additional 4,229 shares during the period. J.W. Cole Advisors Inc.'s holdings in Evergy were worth $1,432,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Bfsg LLC bought a new stake in Evergy in the first quarter valued at approximately $25,000. Colonial Trust Co SC acquired a new stake in shares of Evergy during the 4th quarter worth approximately $32,000. Alpine Bank Wealth Management acquired a new stake in shares of Evergy during the 1st quarter worth approximately $32,000. Olde Wealth Management LLC acquired a new stake in shares of Evergy during the 1st quarter worth approximately $32,000. Finally, LRI Investments LLC acquired a new stake in shares of Evergy during the 1st quarter worth approximately $32,000. 87.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EVRG has been the subject of several recent analyst reports. Mizuho raised their price objective on shares of Evergy from $70.00 to $74.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Barclays reduced their price objective on shares of Evergy from $73.00 to $71.00 and set an "overweight" rating for the company in a research report on Friday, May 30th. UBS Group raised shares of Evergy from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $68.00 to $78.00 in a research report on Monday, April 28th. BMO Capital Markets assumed coverage on Evergy in a research report on Tuesday, May 13th. They set an "outperform" rating and a $75.00 target price on the stock. Finally, Wall Street Zen lowered Evergy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $74.06.

Evergy Stock Up 0.0%

Shares of NASDAQ:EVRG traded up $0.03 during trading on Friday, reaching $69.80. 1,410,790 shares of the stock were exchanged, compared to its average volume of 2,236,931. The firm has a market cap of $16.06 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 3.04 and a beta of 0.50. The stock has a fifty day moving average of $67.77 and a two-hundred day moving average of $66.78. Evergy Inc. has a 1-year low of $56.41 and a 1-year high of $70.36. 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 (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). The company had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.21 billion. Evergy had a net margin of 14.87% and a return on equity of 8.84%. During the same period in the previous year, the company posted $0.54 earnings per share. Research analysts anticipate that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, May 23rd were given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date was Friday, May 23rd. Evergy's payout ratio is currently 70.26%.

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.