Wealth Enhancement Advisory Services LLC Acquires 8,385 Shares of Evergy, Inc. (NASDAQ:EVRG)

Wealth Enhancement Advisory Services LLC grew its stake in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 33.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 33,249 shares of the company's stock after purchasing an additional 8,385 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Evergy were worth $2,046,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Lee Danner & Bass Inc. acquired a new stake in Evergy during the 4th quarter worth $26,000. National Pension Service acquired a new stake in Evergy during the 4th quarter worth $30,000. Bank of Jackson Hole Trust acquired a new stake in Evergy during the 4th quarter worth $31,000. Colonial Trust Co SC acquired a new stake in Evergy during the 4th quarter worth $32,000. Finally, Sandy Spring Bank raised its stake in Evergy by 5,983.3% during the 4th quarter. Sandy Spring Bank now owns 730 shares of the company's stock worth $45,000 after buying an additional 718 shares during the period. Institutional investors and hedge funds own 87.24% of the company's stock.

Evergy Stock Up 0.3%

Shares of NASDAQ EVRG traded up $0.17 during mid-day trading on Friday, hitting $65.24. The company had a trading volume of 1,769,840 shares, compared to its average volume of 1,984,547. The company has a market capitalization of $15.01 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 2.82 and a beta of 0.50. The firm has a 50-day simple moving average of $66.88 and a two-hundred day simple moving average of $65.33. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. Evergy, Inc. has a one year low of $52.10 and a one year high of $70.36.

Evergy (NASDAQ:EVRG - Get Free Report) last announced 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). The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.21 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. During the same quarter in the previous year, the business earned $0.54 EPS. On average, equities analysts expect that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders 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 4.09%. The ex-dividend date of this dividend is Friday, May 23rd. Evergy's payout ratio is 70.26%.

Analysts Set New Price Targets

Several analysts recently commented on EVRG shares. BMO Capital Markets started coverage on Evergy in a research note on Tuesday, May 13th. They set an "outperform" rating and a $75.00 price objective on the stock. Citigroup raised their price objective on Evergy from $77.00 to $79.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. LADENBURG THALM/SH SH upgraded Evergy to a "strong-buy" rating in a report on Thursday, May 8th. Barclays lowered their target price on Evergy from $73.00 to $71.00 and set an "overweight" rating for the company in a report on Friday, May 30th. Finally, Wall Street Zen cut Evergy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $72.19.

Evergy 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.