NFJ Investment Group LLC Sells 10,174 Shares of Evergy, Inc. (NASDAQ:EVRG)

NFJ Investment Group LLC decreased its stake in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 8.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 112,864 shares of the company's stock after selling 10,174 shares during the quarter. NFJ Investment Group LLC's holdings in Evergy were worth $6,947,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of EVRG. Lee Danner & Bass Inc. acquired a new position in shares of Evergy in the fourth quarter worth about $26,000. National Pension Service acquired a new position in Evergy in the 4th quarter worth approximately $30,000. Bank of Jackson Hole Trust purchased a new position in Evergy during the 4th quarter worth approximately $31,000. 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 valued at $45,000 after purchasing an additional 718 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Evergy in the fourth quarter valued at $49,000. Hedge funds and other institutional investors own 87.24% of the company's stock.

Evergy Stock Up 1.9 %

Evergy stock traded up $1.28 during mid-day trading on Tuesday, hitting $68.23. 279,998 shares of the company's stock were exchanged, compared to its average volume of 1,952,919. Evergy, Inc. has a 1-year low of $51.49 and a 1-year high of $70.30. The stock has a 50 day moving average of $67.19 and a two-hundred day moving average of $64.02. The stock has a market cap of $15.69 billion, a P/E ratio of 18.43, a P/E/G ratio of 2.82 and a beta of 0.52. 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 (NASDAQ:EVRG - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by ($0.11). The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. As a group, analysts anticipate 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 was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend was Monday, March 10th. Evergy's dividend payout ratio is 70.45%.

Analysts Set New Price Targets

Several research analysts recently weighed in on EVRG shares. UBS Group upped their price target on Evergy from $66.00 to $68.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. LADENBURG THALM/SH SH upgraded shares of Evergy to a "strong-buy" rating in a report on Monday, March 17th. Guggenheim upgraded shares of Evergy from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Finally, Barclays upped their price target on shares of Evergy from $62.00 to $72.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $69.08.

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.