Evergy, Inc. (NASDAQ:EVRG) Position Trimmed by Shell Asset Management Co.

Shell Asset Management Co. decreased its holdings in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 33.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,208 shares of the company's stock after selling 5,159 shares during the quarter. Shell Asset Management Co.'s holdings in Evergy were worth $628,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of EVRG. Lee Danner & Bass Inc. acquired a new stake in Evergy in the fourth quarter worth approximately $26,000. National Pension Service acquired a new position in shares of Evergy during the 4th quarter valued at $30,000. Bank of Jackson Hole Trust bought a new stake in shares of Evergy in the 4th quarter worth $31,000. Colonial Trust Co SC acquired a new stake in shares of Evergy in the fourth quarter valued at $32,000. Finally, Sandy Spring Bank boosted its stake in Evergy by 5,983.3% during the fourth quarter. Sandy Spring Bank now owns 730 shares of the company's stock valued at $45,000 after buying an additional 718 shares in the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.

Evergy Trading Up 0.9%

Shares of EVRG traded up $0.56 during midday trading on Friday, hitting $65.81. The stock had a trading volume of 750,207 shares, compared to its average volume of 1,970,300. Evergy, Inc. has a fifty-two week low of $52.10 and a fifty-two week high of $70.36. The business has a 50-day simple moving average of $67.28 and a two-hundred day simple moving average of $65.10. The firm has a market cap of $15.14 billion, a P/E ratio of 17.79, a price-to-earnings-growth ratio of 2.82 and a beta of 0.53. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15.

Evergy (NASDAQ:EVRG - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.12). Evergy had a net margin of 14.77% and a return on equity of 8.77%. The firm had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.21 billion. During the same quarter last year, the company posted $0.54 EPS. As a group, equities analysts forecast that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 23rd will be given a $0.6675 dividend. The ex-dividend date is Friday, May 23rd. This represents a $2.67 annualized dividend and a dividend yield of 4.06%. Evergy's dividend payout ratio (DPR) is presently 70.26%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on EVRG shares. BMO Capital Markets assumed coverage on shares of Evergy in a research report on Tuesday, May 13th. They issued an "outperform" rating and a $75.00 price target on the stock. Citigroup lifted their price objective on shares of Evergy from $77.00 to $79.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Wall Street Zen lowered shares of Evergy from a "hold" rating to a "sell" rating in a research note on Thursday. Barclays raised their target price on shares of Evergy from $72.00 to $73.00 and gave the stock an "overweight" rating in a report on Tuesday, April 22nd. Finally, LADENBURG THALM/SH SH raised Evergy to a "strong-buy" rating in a report on Thursday, May 8th. One research analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Evergy presently has an average rating of "Moderate Buy" and a consensus target price of $72.44.

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.