Evergy, Inc. (NASDAQ:EVRG) Shares Acquired by USA Financial Formulas

USA Financial Formulas increased its stake in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 344.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,284 shares of the company's stock after purchasing an additional 4,094 shares during the period. USA Financial Formulas' holdings in Evergy were worth $364,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Quent Capital LLC boosted its position in Evergy by 4.6% in the 4th quarter. Quent Capital LLC now owns 3,692 shares of the company's stock valued at $227,000 after buying an additional 163 shares during the period. Stolper Co raised its stake in Evergy by 0.5% during the 1st quarter. Stolper Co now owns 34,630 shares of the company's stock worth $2,388,000 after acquiring an additional 169 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in Evergy by 5.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,873 shares of the company's stock worth $238,000 after acquiring an additional 190 shares in the last quarter. Oxbow Advisors LLC increased its stake in Evergy by 0.5% in the fourth quarter. Oxbow Advisors LLC now owns 44,349 shares of the company's stock valued at $2,730,000 after purchasing an additional 200 shares during the period. Finally, KCM Investment Advisors LLC increased its stake in Evergy by 3.7% in the fourth quarter. KCM Investment Advisors LLC now owns 5,946 shares of the company's stock valued at $366,000 after purchasing an additional 210 shares during the period. Institutional investors and hedge funds own 87.24% of the company's stock.

Analysts Set New Price Targets

EVRG has been the topic of a number of recent research reports. 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 research note on Monday, April 28th. Wall Street Zen lowered shares of Evergy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Barclays dropped their price target 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. Jefferies Financial Group set a $78.00 price target on shares of Evergy and gave the stock a "buy" rating in a research note on Tuesday. Finally, Citigroup boosted their price target 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. One 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, the company presently has an average rating of "Moderate Buy" and an average target price of $73.19.

Evergy Price Performance

EVRG stock traded up $0.06 during trading on Friday, reaching $67.99. 1,957,652 shares of the company were exchanged, compared to its average volume of 2,022,101. The company has a market cap of $15.64 billion, a P/E ratio of 18.38, a PEG ratio of 2.82 and a beta of 0.49. Evergy, Inc. has a 52-week low of $52.10 and a 52-week high of $70.36. The stock's 50 day moving average price is $66.98 and its 200 day moving average price is $65.45. 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 announced 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). Evergy had a net margin of 14.77% and a return on equity of 8.77%. The business had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.21 billion. During the same period last year, the company earned $0.54 EPS. As a group, analysts predict that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 23rd will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 3.93%. The ex-dividend date is Friday, May 23rd. Evergy's dividend payout ratio (DPR) is presently 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.