NBC Securities Inc. Buys 7,018 Shares of Evergy, Inc. (NASDAQ:EVRG)

NBC Securities Inc. lifted its stake in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 116,966.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,024 shares of the company's stock after buying an additional 7,018 shares during the period. NBC Securities Inc.'s holdings in Evergy were worth $484,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in EVRG. Lee Danner & Bass Inc. bought a new stake in shares of Evergy in the fourth quarter valued at about $26,000. National Pension Service bought a new stake in shares of Evergy in the fourth quarter valued at about $30,000. Bank of Jackson Hole Trust bought a new stake in shares of Evergy in the fourth quarter valued at about $31,000. Colonial Trust Co SC bought a new stake in shares of Evergy in the fourth quarter valued at about $32,000. Finally, Sandy Spring Bank lifted its stake in shares of Evergy by 5,983.3% in the fourth quarter. Sandy Spring Bank now owns 730 shares of the company's stock valued at $45,000 after buying an additional 718 shares during the period. Institutional investors own 87.24% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. UBS Group upgraded shares of Evergy from a "neutral" rating to a "buy" rating and increased their target price for the company from $68.00 to $78.00 in a research note on Monday, April 28th. Barclays dropped their price target 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. Citigroup increased their price target on shares of Evergy from $77.00 to $79.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Wall Street Zen lowered shares of Evergy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, LADENBURG THALM/SH SH raised shares of Evergy to a "strong-buy" rating in a research report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $72.19.

Evergy Stock Performance

NASDAQ EVRG opened at $65.07 on Friday. The firm has a market cap of $14.97 billion, a price-to-earnings ratio of 17.59, a PEG ratio of 2.82 and a beta of 0.50. The company has a 50 day moving average of $66.95 and a 200-day moving average of $65.32. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. Evergy, Inc. has a 1-year low of $52.10 and a 1-year high of $70.36.

Evergy (NASDAQ:EVRG - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 8.77% and a net margin of 14.77%. During the same period in the previous year, the business posted $0.54 EPS. On average, equities analysts forecast that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 4.10%. The ex-dividend date is Friday, May 23rd. Evergy's payout ratio is 70.26%.

Evergy Company 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.

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