UMB Bank n.a. Reduces Holdings in Evergy, Inc. (NASDAQ:EVRG)

UMB Bank n.a. trimmed its stake in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 17.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 24,165 shares of the company's stock after selling 5,185 shares during the period. UMB Bank n.a.'s holdings in Evergy were worth $1,666,000 as of its most recent filing with the SEC.

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

Evergy Stock Up 0.1%

NASDAQ EVRG traded up $0.06 on Friday, hitting $67.99. 1,957,652 shares of the stock were exchanged, compared to its average volume of 2,018,088. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. Evergy, Inc. has a fifty-two week low of $52.10 and a fifty-two week high of $70.36. The company has a market cap of $15.64 billion, a PE ratio of 18.38, a PEG ratio of 2.82 and a beta of 0.49. The company has a 50-day moving average price of $66.98 and a 200-day moving average price of $65.44.

Evergy (NASDAQ:EVRG - Get Free Report) last posted 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 return on equity of 8.77% and a net margin of 14.77%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the firm earned $0.54 EPS. Sell-side analysts anticipate that Evergy, Inc. will post 3.83 EPS for the current fiscal year.

Evergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend is Friday, May 23rd. Evergy's dividend payout ratio (DPR) is 70.26%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Wall Street Zen cut shares of Evergy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. UBS Group upgraded shares of Evergy from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $68.00 to $78.00 in a report on Monday, April 28th. Citigroup lifted their price objective on shares of Evergy from $77.00 to $79.00 and gave the company a "buy" rating in a report on Friday, May 16th. BMO Capital Markets assumed coverage on shares of Evergy in a report on Tuesday, May 13th. They set an "outperform" rating and a $75.00 price target for the company. Finally, Jefferies Financial Group set a $78.00 price target on shares of Evergy and gave the stock a "buy" rating in a report on Tuesday. 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's stock. According to MarketBeat, Evergy currently has a consensus rating of "Moderate Buy" and a consensus target price of $73.19.

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.