Sonora Investment Management Group LLC Has $15.35 Million Stock Holdings in Evergy, Inc. (NASDAQ:EVRG)

Sonora Investment Management Group LLC boosted its stake in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 11.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 222,646 shares of the company's stock after acquiring an additional 22,415 shares during the quarter. Evergy accounts for 1.2% of Sonora Investment Management Group LLC's portfolio, making the stock its 26th largest position. Sonora Investment Management Group LLC owned about 0.10% of Evergy worth $15,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analysts Set New Price Targets

Several research firms have weighed in on EVRG. UBS Group upgraded shares of Evergy from a "neutral" rating to a "buy" rating and raised their price objective for the company from $68.00 to $78.00 in a research report on Monday, April 28th. Jefferies Financial Group set a $78.00 price target on shares of Evergy and gave the company a "buy" rating in a report on Tuesday. Wall Street Zen downgraded Evergy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. 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. Finally, LADENBURG THALM/SH SH upgraded Evergy to a "strong-buy" rating in a research report on Thursday, May 8th. One research 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 company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $73.19.

Evergy Trading Up 0.1%

EVRG traded up $0.06 during trading on Friday, reaching $67.99. 1,957,652 shares of the company's stock were exchanged, compared to its average volume of 2,018,088. The company's fifty day moving average price is $66.98 and its 200-day moving average price is $65.44. The firm has a market capitalization of $15.64 billion, a PE ratio of 18.38, a P/E/G ratio of 2.82 and a beta of 0.49. Evergy, Inc. has a fifty-two week low of $52.10 and a fifty-two week high of $70.36. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55.

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

Evergy Announces Dividend

The business 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 dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.67 annualized dividend and a dividend yield of 3.93%. Evergy's payout ratio is currently 70.26%.

Evergy Company 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.