Manning & Napier Advisors LLC lessened its position in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) by 99.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,577 shares of the company's stock after selling 1,912,471 shares during the period. Manning & Napier Advisors LLC's holdings in Evergy were worth $522,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Evergy by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 30,665,885 shares of the company's stock worth $1,887,485,000 after purchasing an additional 221,086 shares during the period. Franklin Resources Inc. increased its stake in shares of Evergy by 2.3% in the fourth quarter. Franklin Resources Inc. now owns 5,660,930 shares of the company's stock worth $348,430,000 after buying an additional 128,211 shares during the period. Geode Capital Management LLC raised its holdings in Evergy by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 5,637,257 shares of the company's stock valued at $346,063,000 after buying an additional 133,641 shares during the last quarter. American Century Companies Inc. raised its holdings in Evergy by 3.8% during the 4th quarter. American Century Companies Inc. now owns 3,555,122 shares of the company's stock valued at $218,818,000 after buying an additional 130,804 shares during the last quarter. Finally, Federated Hermes Inc. boosted its position in Evergy by 2.2% during the 4th quarter. Federated Hermes Inc. now owns 3,434,216 shares of the company's stock valued at $211,376,000 after buying an additional 73,066 shares during the period. 87.24% of the stock is currently owned by hedge funds and other institutional investors.
Evergy Trading Down 0.9%
Evergy stock traded down $0.59 during mid-day trading on Wednesday, hitting $68.19. The company's stock had a trading volume of 2,600,219 shares, compared to its average volume of 2,045,349. 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 company has a 50 day moving average of $67.19 and a 200-day moving average of $65.64. Evergy Inc. has a one year low of $52.10 and a one year high of $70.36. The stock has a market cap of $15.69 billion, a PE ratio of 17.94, a P/E/G ratio of 2.99 and a beta of 0.49.
Evergy (NASDAQ:EVRG - Get Free Report) last issued 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 the consensus estimate of $1.21 billion. Evergy had a net margin of 14.87% and a return on equity of 8.84%. During the same period last year, the firm earned $0.54 earnings per share. On average, research analysts anticipate that Evergy Inc. will post 3.83 EPS for the current year.
Evergy Announces Dividend
The firm 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. The ex-dividend date was Friday, May 23rd. This represents a $2.67 annualized dividend and a yield of 3.92%. Evergy's dividend payout ratio (DPR) is 70.26%.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the stock. UBS Group raised shares of Evergy from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $68.00 to $78.00 in a research report on Monday, April 28th. LADENBURG THALM/SH SH upgraded shares of Evergy to a "strong-buy" rating in a research report on Thursday, May 8th. Citigroup raised their price objective on shares of Evergy from $77.00 to $79.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Barclays cut their price objective on Evergy from $73.00 to $71.00 and set an "overweight" rating on the stock in a research report on Friday, May 30th. Finally, 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. One analyst has rated the stock with a sell rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Evergy has a consensus rating of "Moderate Buy" and a consensus price target of $73.19.
Check Out Our Latest Stock Analysis on Evergy
Evergy Profile
(
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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