NorthRock Partners LLC Purchases Shares of 4,656 Evergy, Inc. (NASDAQ:EVRG)

NorthRock Partners LLC acquired a new stake in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,656 shares of the company's stock, valued at approximately $287,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Lee Danner & Bass Inc. acquired a new stake in shares of Evergy during the 4th quarter valued at $26,000. National Pension Service acquired a new position in Evergy in the 4th quarter worth about $30,000. Bank of Jackson Hole Trust purchased a new stake in shares of Evergy during the 4th quarter worth about $31,000. Colonial Trust Co SC purchased a new stake in shares of Evergy during the 4th quarter worth about $32,000. Finally, Sandy Spring Bank lifted its holdings in shares of Evergy by 5,983.3% during the 4th 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 last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Wall Street Zen downgraded shares of Evergy from a "hold" rating to a "sell" rating in a research report on Thursday. Citigroup upped 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. BMO Capital Markets initiated coverage on shares of Evergy in a research report on Tuesday, May 13th. They set an "outperform" rating and a $75.00 target price on the stock. Barclays increased their price objective on Evergy from $72.00 to $73.00 and gave the company an "overweight" rating in a report on Tuesday, April 22nd. Finally, LADENBURG THALM/SH SH raised shares of Evergy to a "strong-buy" rating in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $72.44.

Evergy Stock Performance

EVRG traded up $0.18 during midday trading on Friday, reaching $65.43. The company's stock had a trading volume of 315,580 shares, compared to its average volume of 1,968,589. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The company has a fifty day simple moving average of $67.28 and a 200 day simple moving average of $65.10. The stock has a market cap of $15.06 billion, a P/E ratio of 17.71, a PEG ratio of 2.82 and a beta of 0.53. Evergy, Inc. has a twelve month low of $52.10 and a twelve month high of $70.36.

Evergy (NASDAQ:EVRG - Get Free Report) last announced 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). Evergy had a return on equity of 8.77% and a net margin of 14.77%. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period last year, the firm posted $0.54 EPS. Research analysts expect that Evergy, Inc. will post 3.83 earnings per share for the current 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 given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date of this dividend is Friday, May 23rd. Evergy's dividend payout ratio is presently 70.26%.

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.