Public Sector Pension Investment Board lowered its position in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) by 10.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,526 shares of the company's stock after selling 7,154 shares during the period. Public Sector Pension Investment Board's holdings in Evergy were worth $4,242,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Bfsg LLC purchased a new stake in shares of Evergy during the 1st quarter worth $25,000. Colonial Trust Co SC purchased a new stake in shares of Evergy during the 4th quarter worth $32,000. Alpine Bank Wealth Management purchased a new stake in shares of Evergy during the 1st quarter worth $32,000. Olde Wealth Management LLC purchased a new stake in shares of Evergy during the 1st quarter worth $32,000. Finally, LRI Investments LLC purchased a new stake in shares of Evergy during the 1st quarter worth $32,000. Hedge funds and other institutional investors own 87.24% of the company's stock.
Analysts Set New Price Targets
A number of brokerages recently weighed in on EVRG. Barclays decreased their price objective on Evergy from $73.00 to $71.00 and set an "overweight" rating for the company in a research note on Friday, May 30th. Mizuho upped their price objective on Evergy from $74.00 to $77.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. LADENBURG THALM/SH SH upgraded Evergy to a "strong-buy" rating in a research note on Thursday, May 8th. Wall Street Zen cut Evergy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Finally, Jefferies Financial Group set a $78.00 target price on Evergy and gave the stock a "buy" rating in a research note on Tuesday, June 10th. One research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. Based on data from MarketBeat.com, Evergy currently has an average rating of "Buy" and an average price target of $74.44.
Check Out Our Latest Research Report on Evergy
Evergy Stock Performance
EVRG stock traded up $0.10 during midday trading on Wednesday, reaching $72.60. The stock had a trading volume of 1,586,185 shares, compared to its average volume of 2,350,331. The stock has a market cap of $16.71 billion, a PE ratio of 19.95, a P/E/G ratio of 3.12 and a beta of 0.48. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.27 and a current ratio of 0.50. The firm has a fifty day simple moving average of $69.69 and a two-hundred day simple moving average of $67.91. Evergy Inc. has a 52-week low of $57.82 and a 52-week high of $73.97.
Evergy (NASDAQ:EVRG - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.04. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.45 billion. Evergy had a return on equity of 8.62% and a net margin of 14.29%.The firm's quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the business posted $0.90 EPS. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. As a group, equities research analysts anticipate that Evergy Inc. will post 3.83 EPS for the current year.
Evergy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, August 22nd will be paid a $0.6675 dividend. The ex-dividend date is Friday, August 22nd. This represents a $2.67 dividend on an annualized basis and a yield of 3.7%. Evergy's dividend payout ratio (DPR) is 73.35%.
Evergy Company Profile
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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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