Evergy Inc. (NASDAQ:EVRG) Position Increased by OLD Republic International Corp

OLD Republic International Corp boosted its position in Evergy Inc. (NASDAQ:EVRG - Free Report) by 0.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 836,046 shares of the company's stock after buying an additional 5,800 shares during the quarter. Evergy accounts for approximately 2.2% of OLD Republic International Corp's holdings, making the stock its 18th biggest holding. OLD Republic International Corp owned about 0.36% of Evergy worth $57,645,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Bfsg LLC acquired a new stake in shares of Evergy in the 1st quarter valued at about $25,000. Lee Danner & Bass Inc. acquired a new stake in shares of Evergy in the 4th quarter valued at about $26,000. Colonial Trust Co SC acquired a new stake in shares of Evergy in the 4th quarter valued at about $32,000. Alpine Bank Wealth Management acquired a new stake in shares of Evergy in the 1st quarter valued at about $32,000. Finally, Olde Wealth Management LLC acquired a new stake in shares of Evergy in the 1st quarter valued at about $32,000. Institutional investors and hedge funds own 87.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EVRG. BMO Capital Markets began coverage on shares of Evergy in a research note on Tuesday, May 13th. They issued an "outperform" rating and a $75.00 target price on the stock. Citigroup boosted their price objective on shares of Evergy from $77.00 to $79.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Wall Street Zen downgraded shares of Evergy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. LADENBURG THALM/SH SH raised shares of Evergy to a "strong-buy" rating in a research report on Thursday, May 8th. Finally, Barclays lowered their price objective 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. One investment 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. Based on data from MarketBeat, Evergy has an average rating of "Moderate Buy" and an average target price of $73.19.

Evergy Stock Performance

NASDAQ EVRG traded up $0.13 on Wednesday, hitting $68.81. The stock had a trading volume of 2,232,402 shares, compared to its average volume of 2,074,353. Evergy Inc. has a one year low of $53.25 and a one year high of $70.36. The company has a quick ratio of 0.29, a current ratio of 0.55 and a debt-to-equity ratio of 1.24. The stock has a market cap of $15.83 billion, a price-to-earnings ratio of 18.11, a P/E/G ratio of 2.99 and a beta of 0.50. The company's 50-day moving average is $67.34 and its two-hundred day moving average is $66.16.

Evergy (NASDAQ:EVRG - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.12). Evergy had a return on equity of 8.84% and a net margin of 14.87%. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the company posted $0.54 EPS. On average, analysts expect that Evergy Inc. will post 3.83 earnings per share for the current year.

Evergy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, May 23rd were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date was Friday, May 23rd. Evergy's payout ratio is 70.26%.

About Evergy

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.