Voloridge Investment Management LLC lowered its position in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 22.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,123,230 shares of the company's stock after selling 322,688 shares during the quarter. Voloridge Investment Management LLC owned 0.49% of Evergy worth $69,135,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Woodline Partners LP acquired a new stake in Evergy during the 4th quarter valued at approximately $850,000. iSAM Funds UK Ltd acquired a new stake in Evergy during the 4th quarter valued at approximately $840,000. Vennlight Capital Management LP acquired a new stake in Evergy during the 4th quarter valued at approximately $10,363,000. Vident Advisory LLC increased its position in Evergy by 60.8% during the 4th quarter. Vident Advisory LLC now owns 6,971 shares of the company's stock valued at $429,000 after purchasing an additional 2,637 shares during the period. Finally, Wexford Capital LP increased its position in Evergy by 15.1% during the 4th quarter. Wexford Capital LP now owns 97,727 shares of the company's stock valued at $6,015,000 after purchasing an additional 12,801 shares during the period. Institutional investors and hedge funds own 87.24% of the company's stock.
Evergy Stock Down 0.2%
Shares of EVRG traded down $0.12 during trading hours on Friday, reaching $65.80. The stock had a trading volume of 1,502,951 shares, compared to its average volume of 1,976,588. Evergy, Inc. has a 12 month low of $52.10 and a 12 month high of $70.36. The firm has a 50-day simple moving average of $67.26 and a 200 day simple moving average of $65.16. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $15.14 billion, a price-to-earnings ratio of 17.78, a P/E/G ratio of 2.82 and a beta of 0.53.
Evergy (NASDAQ:EVRG - Get Free Report) last issued 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 net margin of 14.77% and a return on equity of 8.77%. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the business posted $0.54 earnings per share. Equities research analysts predict that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.
Evergy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.06%. The ex-dividend date is Friday, May 23rd. Evergy's dividend payout ratio (DPR) is presently 70.26%.
Analysts Set New Price Targets
EVRG has been the subject of a number of recent analyst reports. UBS Group raised shares of Evergy from a "neutral" rating to a "buy" rating and increased their target price for the company from $68.00 to $78.00 in a research report on Monday, April 28th. LADENBURG THALM/SH SH raised shares of Evergy to a "strong-buy" rating in a research report on Thursday, May 8th. BMO Capital Markets initiated coverage on shares of Evergy in a research report on Tuesday, May 13th. They set an "outperform" rating and a $75.00 price objective for the company. Citigroup raised their price objective on shares of Evergy from $77.00 to $79.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Finally, Wall Street Zen downgraded shares of Evergy from a "hold" rating to a "sell" rating in a research report on Thursday. One research 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $72.44.
Check Out Our Latest Analysis on EVRG
Evergy Profile
(
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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