Prudent Man Advisors LLC purchased a new stake in Evergy Inc. (NASDAQ:EVRG - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 9,054 shares of the company's stock, valued at approximately $624,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. LRI Investments LLC bought a new position in shares of Evergy during the 1st quarter valued at about $32,000. Hughes Financial Services LLC bought a new position in shares of Evergy during the 1st quarter valued at about $58,000. Oxbow Advisors LLC increased its position in shares of Evergy by 2.3% during the 1st quarter. Oxbow Advisors LLC now owns 45,353 shares of the company's stock valued at $3,127,000 after purchasing an additional 1,004 shares during the last quarter. Stephens Inc. AR bought a new position in shares of Evergy during the 1st quarter valued at about $260,000. Finally, Ballentine Partners LLC bought a new position in shares of Evergy during the 1st quarter valued at about $254,000. Hedge funds and other institutional investors own 87.24% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on EVRG. Citigroup increased their price objective on Evergy from $77.00 to $79.00 and gave the company a "buy" rating in a research report on Friday, May 16th. BMO Capital Markets initiated coverage on Evergy in a research report on Tuesday, May 13th. They set an "outperform" rating and a $75.00 price objective on the stock. Wall Street Zen lowered Evergy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Jefferies Financial Group set a $78.00 price target on Evergy and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Finally, Barclays cut their price objective on Evergy from $73.00 to $71.00 and set an "overweight" rating on the stock in a research report on Friday, May 30th. One equities research 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 stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $73.19.
View Our Latest Analysis on EVRG
Evergy Trading Up 0.5%
Shares of EVRG stock traded up $0.34 during trading hours on Wednesday, reaching $68.07. The company's stock had a trading volume of 2,796,434 shares, compared to its average volume of 2,098,418. The stock has a market capitalization of $15.66 billion, a P/E ratio of 17.91, a P/E/G ratio of 2.94 and a beta of 0.50. The company has a current ratio of 0.55, a quick ratio of 0.29 and a debt-to-equity ratio of 1.24. The firm's fifty day simple moving average is $67.27 and its 200 day simple moving average is $66.40. Evergy Inc. has a one year low of $54.76 and a one year high of $70.36.
Evergy (NASDAQ:EVRG - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $1.37 billion for 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 in the previous year, the firm posted $0.54 EPS. Equities research analysts expect that Evergy Inc. will post 3.83 EPS for the current year.
Evergy Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, May 23rd were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date was Friday, May 23rd. Evergy's payout ratio is 70.26%.
Evergy 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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