MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Evergy Inc. (NASDAQ:EVRG - Free Report) by 117.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 271,689 shares of the company's stock after acquiring an additional 146,505 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.12% of Evergy worth $18,718,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northern Trust Corp boosted its stake in Evergy by 16.7% in the first quarter. Northern Trust Corp now owns 2,737,480 shares of the company's stock valued at $188,749,000 after acquiring an additional 392,361 shares during the last quarter. Amundi boosted its stake in Evergy by 14.2% in the first quarter. Amundi now owns 140,301 shares of the company's stock valued at $9,710,000 after acquiring an additional 17,477 shares during the last quarter. Sowell Financial Services LLC purchased a new position in Evergy in the first quarter valued at about $267,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Evergy in the fourth quarter valued at about $1,728,000. Finally, HighTower Advisors LLC lifted its stake in shares of Evergy by 26.6% during the 1st quarter. HighTower Advisors LLC now owns 124,115 shares of the company's stock valued at $8,558,000 after buying an additional 26,086 shares in the last quarter. 87.24% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
EVRG has been the topic of a number of recent research reports. Citigroup upped their price target on shares of Evergy from $77.00 to $79.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Mizuho upped their price target on shares of Evergy from $74.00 to $77.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Jefferies Financial Group set a $78.00 price target on shares of Evergy and gave the company a "buy" rating in a research note on Tuesday, June 10th. Wall Street Zen cut shares of Evergy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Finally, Barclays dropped their price target on shares of Evergy from $73.00 to $71.00 and set an "overweight" rating on the stock in a research note on Friday, May 30th. One equities research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $74.44.
Read Our Latest Research Report on Evergy
Evergy Price Performance
Evergy stock traded up $0.22 during midday trading on Friday, reaching $72.52. 1,206,827 shares of the stock were exchanged, compared to its average volume of 1,912,977. The company's fifty day moving average is $70.94 and its 200-day moving average is $68.55. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.27 and a current ratio of 0.50. The firm has a market cap of $16.69 billion, a PE ratio of 19.92, a PEG ratio of 3.16 and a beta of 0.58. Evergy Inc. has a 52 week low of $59.00 and a 52 week high of $73.97.
Evergy (NASDAQ:EVRG - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.78 by $0.04. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.45 billion. Evergy had a net margin of 14.29% and a return on equity of 8.62%. Evergy's revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.90 EPS. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. On average, sell-side analysts forecast that Evergy Inc. will post 3.83 EPS for the current year.
Evergy Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 22nd will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.7%. Evergy's dividend payout ratio is presently 73.35%.
Evergy Profile
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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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