Wexford Capital LP Buys 12,801 Shares of Evergy, Inc. (NASDAQ:EVRG)

Wexford Capital LP lifted its position in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 15.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 97,727 shares of the company's stock after buying an additional 12,801 shares during the quarter. Evergy comprises 1.0% of Wexford Capital LP's investment portfolio, making the stock its 16th largest holding. Wexford Capital LP's holdings in Evergy were worth $6,015,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Park Avenue Securities LLC lifted its holdings in Evergy by 18.3% in the 4th quarter. Park Avenue Securities LLC now owns 7,810 shares of the company's stock worth $481,000 after purchasing an additional 1,208 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in Evergy by 23.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 10,692 shares of the company's stock worth $658,000 after purchasing an additional 2,004 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in Evergy by 2.5% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 7,322 shares of the company's stock worth $451,000 after purchasing an additional 182 shares during the last quarter. Merit Financial Group LLC acquired a new stake in Evergy in the 4th quarter worth approximately $269,000. Finally, Trust Co. of Vermont lifted its holdings in Evergy by 18.0% in the 4th quarter. Trust Co. of Vermont now owns 1,870 shares of the company's stock worth $115,000 after purchasing an additional 285 shares during the last quarter. Institutional investors own 87.24% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on EVRG shares. BMO Capital Markets started coverage on Evergy in a report on Tuesday, May 13th. They issued an "outperform" rating and a $75.00 target price for the company. Wall Street Zen lowered Evergy from a "hold" rating to a "sell" rating in a report on Thursday. Barclays boosted their target price on Evergy from $72.00 to $73.00 and gave the stock an "overweight" rating in a report on Tuesday, April 22nd. UBS Group upgraded Evergy from a "neutral" rating to a "buy" rating and upped their price target for the stock from $68.00 to $78.00 in a report on Monday, April 28th. Finally, LADENBURG THALM/SH SH upgraded Evergy to a "strong-buy" rating in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Evergy presently has a consensus rating of "Moderate Buy" and an average price target of $72.44.

Evergy Stock Performance

Shares of EVRG stock traded down $0.39 during trading hours on Thursday, reaching $65.92. 1,765,021 shares of the company's stock were exchanged, compared to its average volume of 1,974,852. Evergy, Inc. has a fifty-two week low of $52.10 and a fifty-two week high of $70.36. The stock has a market capitalization of $15.17 billion, a P/E ratio of 17.82, a P/E/G ratio of 2.82 and a beta of 0.53. The business has a fifty day moving average price of $67.32 and a 200-day moving average price of $65.06. 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 (NASDAQ:EVRG - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.12). The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates 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 company posted $0.54 earnings per share. Analysts predict that Evergy, Inc. will post 3.83 EPS for the current fiscal year.

Evergy Dividend Announcement

The company also recently announced 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 4.05%. Evergy's payout ratio is 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.