Trilogy Capital Inc. Has $3.26 Million Stock Holdings in Evergy Inc. (NASDAQ:EVRG)

Key Points

• Trilogy Capital Inc. has increased its holdings in Evergy Inc. by 43.1%, now owning 47,212 shares valued at approximately $3.25 million.
• Evergy recently posted earnings of $0.54 per share, missing analysts' expectations of $0.66, despite reporting a revenue of $1.37 billion for the quarter.
• The company announced a quarterly dividend of $0.6675 per share, representing an annualized yield of 3.83% with a dividend payout ratio of 70.26%.

Trilogy Capital Inc. increased its stake in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) by 43.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,212 shares of the company's stock after purchasing an additional 14,224 shares during the quarter. Trilogy Capital Inc.'s holdings in Evergy were worth $3,255,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in EVRG. Bfsg LLC bought a new stake in Evergy during the 1st quarter worth approximately $25,000. Colonial Trust Co SC bought a new stake in Evergy during the 4th quarter worth approximately $32,000. Alpine Bank Wealth Management bought a new stake in Evergy during the 1st quarter worth approximately $32,000. Olde Wealth Management LLC bought a new stake in Evergy during the 1st quarter worth approximately $32,000. Finally, LRI Investments LLC bought a new stake in Evergy during the 1st quarter worth approximately $32,000. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Evergy Stock Up 1.8%

Shares of Evergy stock traded up $1.22 during trading on Tuesday, reaching $69.58. 755,690 shares of the company traded hands, compared to its average volume of 2,315,907. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.55 and a quick ratio of 0.29. Evergy Inc. has a 1-year low of $56.97 and a 1-year high of $70.36. The company has a 50 day moving average price of $67.79 and a 200-day moving average price of $66.92. The firm has a market capitalization of $16.01 billion, a PE ratio of 18.31, a P/E/G ratio of 3.05 and a beta of 0.50.

Evergy (NASDAQ:EVRG - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.12). Evergy had a return on equity of 8.84% and a net margin of 14.87%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the company posted $0.54 EPS. As a group, equities research analysts expect that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, May 23rd were issued a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.67 annualized dividend and a yield of 3.84%. Evergy's payout ratio is 70.26%.

Analysts Set New Price Targets

EVRG has been the topic of a number of analyst reports. Wall Street Zen lowered shares of Evergy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Barclays reduced their price objective on shares of Evergy from $73.00 to $71.00 and set an "overweight" rating on the stock in a research note on Friday, May 30th. UBS Group raised shares of Evergy from a "neutral" rating to a "buy" rating and upped their price objective for the company from $68.00 to $78.00 in a research note on Monday, April 28th. Jefferies Financial Group set a $78.00 price objective on shares of Evergy and gave the company a "buy" rating in a research note on Tuesday, June 10th. Finally, BMO Capital Markets initiated coverage on shares of Evergy in a research note on Tuesday, May 13th. They issued an "outperform" rating and a $75.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $74.06.

About Evergy

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.