LaFleur & Godfrey LLC grew its holdings in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) by 41.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,360 shares of the company's stock after acquiring an additional 6,868 shares during the quarter. LaFleur & Godfrey LLC's holdings in Evergy were worth $1,611,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Brighton Jones LLC acquired a new position in Evergy during the 4th quarter worth approximately $257,000. Sanctuary Advisors LLC boosted its position in Evergy by 5.5% in the fourth quarter. Sanctuary Advisors LLC now owns 25,266 shares of the company's stock valued at $1,623,000 after buying an additional 1,324 shares in the last quarter. Truist Financial Corp boosted its position in Evergy by 3.3% in the fourth quarter. Truist Financial Corp now owns 19,740 shares of the company's stock valued at $1,215,000 after buying an additional 634 shares in the last quarter. Global Retirement Partners LLC grew its stake in shares of Evergy by 32.2% during the fourth quarter. Global Retirement Partners LLC now owns 2,688 shares of the company's stock worth $165,000 after buying an additional 655 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of Evergy by 21.6% during the fourth quarter. Private Advisor Group LLC now owns 17,026 shares of the company's stock worth $1,048,000 after buying an additional 3,025 shares in the last quarter. Institutional investors own 87.24% of the company's stock.
Evergy Trading Down 0.9%
Shares of EVRG traded down $0.59 during mid-day trading on Wednesday, reaching $68.19. 2,600,219 shares of the company were exchanged, compared to its average volume of 2,043,767. The business has a 50 day simple moving average of $67.17 and a two-hundred day simple moving average of $65.63. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.29 and a current ratio of 0.55. The stock has a market capitalization of $15.69 billion, a PE ratio of 17.94, a PEG ratio of 2.98 and a beta of 0.49. Evergy Inc. has a 52 week low of $52.10 and a 52 week high of $70.36.
Evergy (NASDAQ:EVRG - Get Free Report) last released 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). The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates 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 prior year, the company posted $0.54 EPS. On average, analysts predict that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.
Evergy Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, May 23rd were paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend was Friday, May 23rd. Evergy's dividend payout ratio is presently 70.26%.
Wall Street Analysts Forecast Growth
EVRG has been the subject of a number of research reports. BMO Capital Markets began coverage on Evergy in a research note on Tuesday, May 13th. They issued an "outperform" rating and a $75.00 price target for the company. Barclays dropped their target price on Evergy from $73.00 to $71.00 and set an "overweight" rating for the company in a research report on Friday, May 30th. Jefferies Financial Group set a $78.00 price target on Evergy and gave the stock a "buy" rating in a report on Tuesday, June 10th. Wall Street Zen downgraded Evergy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Finally, UBS Group upgraded shares of Evergy from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $68.00 to $78.00 in a research report on Monday, April 28th. One research 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 company's stock. According to MarketBeat, Evergy presently has a consensus rating of "Moderate Buy" and a consensus target price of $73.19.
Check Out Our Latest Stock Analysis on EVRG
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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