Oppenheimer & Co. Inc. grew its position in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) by 15.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 106,141 shares of the company's stock after acquiring an additional 13,806 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Evergy were worth $7,318,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ExodusPoint Capital Management LP increased its holdings in Evergy by 164.8% in the 4th quarter. ExodusPoint Capital Management LP now owns 2,312,953 shares of the company's stock valued at $142,362,000 after purchasing an additional 1,439,450 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Evergy by 8,154.8% in the first quarter. GAMMA Investing LLC now owns 973,574 shares of the company's stock valued at $67,128,000 after buying an additional 961,780 shares in the last quarter. Brandes Investment Partners LP acquired a new stake in Evergy in the fourth quarter valued at approximately $55,652,000. Groupama Asset Managment grew its position in Evergy by 3,216.6% in the fourth quarter. Groupama Asset Managment now owns 880,768 shares of the company's stock valued at $54,211,000 after acquiring an additional 854,212 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in Evergy in the first quarter valued at approximately $40,285,000. 87.24% of the stock is currently owned by institutional investors and hedge funds.
Evergy Stock Performance
Shares of EVRG traded down $0.59 during mid-day trading on Wednesday, hitting $68.19. The stock had a trading volume of 2,600,219 shares, compared to its average volume of 2,045,349. The company has a market cap of $15.69 billion, a PE ratio of 17.94, a PEG ratio of 2.99 and a beta of 0.49. The company's fifty day simple moving average is $67.19 and its two-hundred day simple moving average is $65.64. The company has a quick ratio of 0.29, a current ratio of 0.55 and a debt-to-equity ratio of 1.24. Evergy Inc. has a fifty-two week low of $52.10 and a fifty-two week high of $70.36.
Evergy (NASDAQ:EVRG - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.12). The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.21 billion. Evergy had a return on equity of 8.84% and a net margin of 14.87%. During the same period in the prior year, the firm earned $0.54 EPS. On average, equities analysts expect that Evergy Inc. will post 3.83 earnings per share for the current year.
Evergy Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, May 23rd were paid a $0.6675 dividend. The ex-dividend date was Friday, May 23rd. This represents a $2.67 dividend on an annualized basis and a yield of 3.92%. Evergy's payout ratio is currently 70.26%.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on EVRG shares. BMO Capital Markets started coverage on shares of Evergy in a report on Tuesday, May 13th. They set an "outperform" rating and a $75.00 price target for the company. Jefferies Financial Group set a $78.00 target price on Evergy and gave the company a "buy" rating in a research note on Tuesday, June 10th. LADENBURG THALM/SH SH upgraded Evergy to a "strong-buy" rating in a research note on Thursday, May 8th. Wall Street Zen downgraded shares of Evergy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, Barclays decreased their price objective on shares of Evergy from $73.00 to $71.00 and set an "overweight" rating for the company in a report on Friday, May 30th. One investment analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Evergy currently has an average rating of "Moderate Buy" and a consensus target price of $73.19.
Get Our Latest Stock Analysis on EVRG
Evergy Company Profile
(
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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