Evergy, Inc. (NASDAQ:EVRG) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC trimmed its stake in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 3.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 191,353 shares of the company's stock after selling 7,805 shares during the quarter. Wedge Capital Management L L P NC owned about 0.08% of Evergy worth $13,194,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. LaFleur & Godfrey LLC increased its holdings in shares of Evergy by 11.5% during the 4th quarter. LaFleur & Godfrey LLC now owns 16,492 shares of the company's stock worth $1,015,000 after buying an additional 1,700 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Evergy by 5.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 10,023 shares of the company's stock valued at $617,000 after acquiring an additional 550 shares during the period. Brighton Jones LLC purchased a new stake in Evergy during the fourth quarter valued at about $257,000. Yousif Capital Management LLC increased its stake in Evergy by 2.3% during the fourth quarter. Yousif Capital Management LLC now owns 45,460 shares of the company's stock worth $2,798,000 after acquiring an additional 1,037 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Evergy by 37.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,366 shares of the company's stock worth $1,442,000 after purchasing an additional 6,331 shares during the period. Institutional investors and hedge funds own 87.24% of the company's stock.

Evergy Stock Down 0.7%

Shares of Evergy stock traded down $0.45 during trading hours on Wednesday, hitting $67.51. 2,702,840 shares of the company's stock traded hands, compared to its average volume of 2,011,750. Evergy, Inc. has a twelve month low of $52.10 and a twelve month high of $70.36. The company has a market cap of $15.53 billion, a PE ratio of 18.25, a PEG ratio of 2.82 and a beta of 0.49. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. The stock has a 50 day simple moving average of $66.81 and a 200-day simple moving average of $65.38.

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 analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the business earned $0.54 EPS. Equities research analysts anticipate that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.95%. Evergy's dividend payout ratio (DPR) is presently 70.26%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EVRG. LADENBURG THALM/SH SH upgraded Evergy to a "strong-buy" rating in a report on Thursday, May 8th. UBS Group raised shares of Evergy from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $68.00 to $78.00 in a research report on Monday, April 28th. Wall Street Zen downgraded Evergy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Barclays lowered their target price on Evergy from $73.00 to $71.00 and set an "overweight" rating for the company in a research note on Friday, May 30th. Finally, Jefferies Financial Group set a $78.00 price target on Evergy and gave the stock a "buy" rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Evergy has an average rating of "Moderate Buy" and a consensus price target of $73.19.

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.