Penserra Capital Management LLC Has $991,000 Stock Position in Evergy Inc. (NASDAQ:EVRG)

Penserra Capital Management LLC increased its holdings in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) by 2,370.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,379 shares of the company's stock after purchasing an additional 13,797 shares during the quarter. Penserra Capital Management LLC's holdings in Evergy were worth $991,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in EVRG. Bfsg LLC bought a new stake in shares of Evergy in the first quarter worth $25,000. Lee Danner & Bass Inc. acquired a new stake in shares of Evergy in the 4th quarter worth about $26,000. Alpine Bank Wealth Management acquired a new stake in shares of Evergy in the 1st quarter worth about $32,000. Olde Wealth Management LLC acquired a new stake in Evergy in the first quarter worth about $32,000. Finally, Colonial Trust Co SC acquired a new stake in Evergy in the fourth quarter worth about $32,000. 87.24% of the stock is owned by institutional investors and hedge funds.

Evergy Price Performance

Shares of Evergy stock traded down $0.46 during trading on Friday, reaching $68.96. The company's stock had a trading volume of 3,393,013 shares, compared to its average volume of 2,082,839. The stock has a 50-day moving average price of $67.36 and a two-hundred day moving average price of $66.30. 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 one year low of $54.09 and a one year high of $70.36. The stock has a market capitalization of $15.87 billion, a P/E ratio of 18.15, a price-to-earnings-growth ratio of 3.00 and a beta of 0.50.

Evergy (NASDAQ:EVRG - Get Free Report) last announced 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 firm 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 quarter in the previous year, the business earned $0.54 earnings per share. As a group, sell-side analysts anticipate that Evergy Inc. will post 3.83 EPS for the current fiscal year.

Evergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors 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 yield of 3.87%. Evergy's payout ratio is 70.26%.

Analyst Upgrades and Downgrades

EVRG has been the subject of several research reports. Citigroup raised 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. Jefferies Financial Group set a $78.00 price objective on Evergy and gave the stock a "buy" rating in a report on Tuesday, June 10th. Wall Street Zen downgraded Evergy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Barclays lowered their price objective on shares of Evergy from $73.00 to $71.00 and set an "overweight" rating on the stock in a research note on Friday, May 30th. Finally, UBS Group upgraded shares of Evergy from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $68.00 to $78.00 in a research note on Monday, April 28th. One 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.com, Evergy has an average rating of "Moderate Buy" and a consensus 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.