Public Employees Retirement System of Ohio cut its stake in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 86,050 shares of the company's stock after selling 4,429 shares during the period. Public Employees Retirement System of Ohio's holdings in Evergy were worth $5,296,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the stock. LaFleur & Godfrey LLC grew its stake in shares of Evergy by 11.5% in the fourth quarter. LaFleur & Godfrey LLC now owns 16,492 shares of the company's stock valued at $1,015,000 after buying an additional 1,700 shares in the last quarter. Janney Montgomery Scott LLC grew its position in Evergy by 5.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 10,023 shares of the company's stock valued at $617,000 after acquiring an additional 550 shares in the last quarter. Brighton Jones LLC acquired a new position in Evergy in the 4th quarter valued at about $257,000. Geneos Wealth Management Inc. grew its position in Evergy by 71.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 2,678 shares of the company's stock valued at $165,000 after acquiring an additional 1,115 shares in the last quarter. Finally, PFG Investments LLC boosted its stake in shares of Evergy by 20.1% in the fourth quarter. PFG Investments LLC now owns 4,297 shares of the company's stock valued at $264,000 after purchasing an additional 719 shares during the period. 87.24% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
EVRG has been the subject of several recent research reports. LADENBURG THALM/SH SH raised shares of Evergy to a "strong-buy" rating in a research note on Thursday, May 8th. Barclays decreased their price target on shares of Evergy from $73.00 to $71.00 and set an "overweight" rating for the company in a research report on Friday. UBS Group upgraded Evergy from a "neutral" rating to a "buy" rating and lifted their target price for the company from $68.00 to $78.00 in a report on Monday, April 28th. Citigroup lifted their target price on Evergy from $77.00 to $79.00 and gave the company a "buy" rating in a report on Friday, May 16th. Finally, BMO Capital Markets assumed coverage on Evergy in a report on Tuesday, May 13th. They issued an "outperform" rating and a $75.00 target price for the company. One investment analyst has rated the stock with a sell rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $72.19.
View Our Latest Stock Report on EVRG
Evergy Stock Up 0.1%
Shares of Evergy stock traded up $0.09 during trading on Monday, hitting $66.50. 1,631,209 shares of the stock were exchanged, compared to its average volume of 1,978,534. The stock has a market cap of $15.30 billion, a price-to-earnings ratio of 17.97, a price-to-earnings-growth ratio of 2.82 and a beta of 0.53. The firm's 50-day moving average price is $67.11 and its 200 day moving average price is $65.31. Evergy, Inc. has a 12-month low of $52.10 and a 12-month high of $70.36. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32.
Evergy (NASDAQ:EVRG - Get Free Report) last announced its quarterly 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). The business had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.21 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. During the same period last year, the firm earned $0.54 earnings per share. As a group, analysts forecast that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.
Evergy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend is Friday, May 23rd. Evergy's payout ratio is 70.26%.
About Evergy
(
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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