Stephens Inc. AR purchased a new stake in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,768 shares of the company's stock, valued at approximately $260,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of EVRG. Bfsg LLC purchased a new stake in Evergy during the 1st quarter valued at $25,000. Lee Danner & Bass Inc. bought a new stake in shares of Evergy in the fourth quarter worth about $26,000. Colonial Trust Co SC bought a new stake in shares of Evergy in the fourth quarter worth about $32,000. Alpine Bank Wealth Management purchased a new position in Evergy during the 1st quarter valued at about $32,000. Finally, Olde Wealth Management LLC bought a new position in Evergy during the 1st quarter valued at approximately $32,000. 87.24% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. Mizuho lifted their price objective on Evergy from $70.00 to $74.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. BMO Capital Markets began coverage on shares of Evergy in a research note on Tuesday, May 13th. They set an "outperform" rating and a $75.00 target price on the stock. LADENBURG THALM/SH SH raised shares of Evergy to a "strong-buy" rating in a research note on Thursday, May 8th. 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. Finally, Jefferies Financial Group set a $78.00 target price on Evergy and gave the company a "buy" rating in a research note on Tuesday, June 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $74.06.
Get Our Latest Analysis on Evergy
Evergy Stock Up 0.3%
NASDAQ:EVRG traded up $0.22 during trading hours on Thursday, reaching $69.77. 1,807,242 shares of the company traded hands, compared to its average volume of 2,257,300. 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 business's 50-day moving average price is $67.63 and its two-hundred day moving average price is $66.65. Evergy Inc. has a 1 year low of $55.88 and a 1 year high of $70.36. The stock has a market capitalization of $16.05 billion, a P/E ratio of 18.36, a P/E/G ratio of 3.03 and a beta of 0.50.
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 analysts' expectations of $1.21 billion. Evergy had a return on equity of 8.84% and a net margin of 14.87%. During the same period in the prior year, the firm earned $0.54 EPS. Analysts predict that Evergy Inc. will post 3.83 earnings per share for the current year.
Evergy Dividend Announcement
The company 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. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.67 annualized dividend and a yield of 3.83%. Evergy's dividend payout ratio (DPR) is presently 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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