First Trust Advisors LP Has $85.49 Million Stock Holdings in Evergy, Inc. (NASDAQ:EVRG)

First Trust Advisors LP trimmed its position in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,388,937 shares of the company's stock after selling 36,828 shares during the quarter. First Trust Advisors LP owned approximately 0.60% of Evergy worth $85,489,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EVRG. ExodusPoint Capital Management LP grew its position in shares of Evergy by 164.8% during the 4th quarter. ExodusPoint Capital Management LP now owns 2,312,953 shares of the company's stock worth $142,362,000 after buying an additional 1,439,450 shares during the period. SG Americas Securities LLC lifted its stake in Evergy by 15,406.4% in the 4th quarter. SG Americas Securities LLC now owns 921,546 shares of the company's stock valued at $56,721,000 after acquiring an additional 915,603 shares in the last quarter. Brandes Investment Partners LP bought a new stake in Evergy in the 4th quarter valued at approximately $55,652,000. Groupama Asset Managment raised its position in Evergy by 3,216.6% during the fourth quarter. Groupama Asset Managment now owns 880,768 shares of the company's stock worth $54,211,000 after acquiring an additional 854,212 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Evergy in the 4th quarter valued at about $32,488,000. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Evergy Trading Down 0.6 %

EVRG traded down $0.40 during trading on Friday, reaching $67.88. 1,972,293 shares of the company's stock were exchanged, compared to its average volume of 1,959,314. Evergy, Inc. has a one year low of $51.90 and a one year high of $70.30. 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 stock has a market capitalization of $15.61 billion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 2.82 and a beta of 0.52. The firm has a fifty day moving average price of $67.30 and a two-hundred day moving average price of $64.27.

Evergy (NASDAQ:EVRG - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.11). Evergy had a return on equity of 8.77% and a net margin of 14.77%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. As a group, equities research analysts forecast that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were paid a $0.6675 dividend. The ex-dividend date was Monday, March 10th. This represents a $2.67 annualized dividend and a dividend yield of 3.93%. Evergy's dividend payout ratio is presently 70.45%.

Analysts Set New Price Targets

Several brokerages recently commented on EVRG. Guggenheim raised shares of Evergy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. LADENBURG THALM/SH SH upgraded shares of Evergy to a "strong-buy" rating in a research note on Monday, March 17th. Barclays boosted their target price on shares of Evergy from $72.00 to $73.00 and gave the company an "overweight" rating in a research report on Tuesday, April 22nd. Finally, UBS Group upped their price objective on shares of Evergy from $66.00 to $68.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Evergy presently has an average rating of "Buy" and a consensus target price of $69.25.

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.