Evergy Inc. (NASDAQ:EVRG) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its holdings in Evergy Inc. (NASDAQ:EVRG - Free Report) by 8.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 194,213 shares of the company's stock after selling 18,746 shares during the period. New York State Teachers Retirement System owned approximately 0.08% of Evergy worth $13,391,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bfsg LLC acquired a new stake in Evergy during the first quarter worth about $25,000. Lee Danner & Bass Inc. acquired a new stake in Evergy during the fourth quarter worth about $26,000. Colonial Trust Co SC acquired a new stake in Evergy during the fourth quarter worth about $32,000. Alpine Bank Wealth Management acquired a new stake in Evergy during the first quarter worth about $32,000. Finally, Sandy Spring Bank increased its position in Evergy by 5,983.3% during the fourth quarter. Sandy Spring Bank now owns 730 shares of the company's stock worth $45,000 after purchasing an additional 718 shares during the last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.

Evergy Price Performance

Shares of NASDAQ:EVRG traded up $1.17 on Friday, reaching $70.15. 1,782,353 shares of the company were exchanged, compared to its average volume of 2,065,908. The company has a current ratio of 0.55, a quick ratio of 0.29 and a debt-to-equity ratio of 1.24. Evergy Inc. has a 1-year low of $52.58 and a 1-year high of $70.36. The firm has a market cap of $16.14 billion, a price-to-earnings ratio of 18.46, a price-to-earnings-growth ratio of 3.05 and a beta of 0.50. The company has a 50-day moving average of $67.35 and a 200-day moving average of $66.03.

Evergy (NASDAQ:EVRG - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.12). The firm 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 quarter last year, the company posted $0.54 earnings per share. Equities analysts forecast that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, May 23rd were paid a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.81%. Evergy's dividend payout ratio is currently 70.26%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on EVRG shares. Citigroup raised their price objective 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. Barclays decreased their target price on Evergy from $73.00 to $71.00 and set an "overweight" rating on the stock in a research note on Friday, May 30th. UBS Group upgraded shares of Evergy from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $68.00 to $78.00 in a report on Monday, April 28th. BMO Capital Markets initiated coverage on shares of Evergy in a report on Tuesday, May 13th. They issued an "outperform" rating and a $75.00 price objective for the company. Finally, Wall Street Zen cut shares of Evergy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $73.19.

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.