Steel Grove Capital Advisors LLC Has $333,000 Stock Holdings in Evergy, Inc. (NYSE:EVRG)

Steel Grove Capital Advisors LLC reduced its holdings in Evergy, Inc. (NYSE:EVRG - Free Report) by 78.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,380 shares of the company's stock after selling 23,058 shares during the period. Steel Grove Capital Advisors LLC's holdings in Evergy were worth $333,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in EVRG. Red Tortoise LLC grew its position in shares of Evergy by 793.5% in the 1st quarter. Red Tortoise LLC now owns 411 shares of the company's stock valued at $25,000 after acquiring an additional 365 shares during the period. Clear Street Markets LLC grew its position in shares of Evergy by 92.7% in the 1st quarter. Clear Street Markets LLC now owns 451 shares of the company's stock valued at $28,000 after acquiring an additional 217 shares during the period. CVA Family Office LLC bought a new position in shares of Evergy in the 4th quarter valued at about $29,000. Pacific Center for Financial Services bought a new position in shares of Evergy in the 1st quarter valued at about $37,000. Finally, Armstrong Advisory Group Inc. grew its position in shares of Evergy by 57.2% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 632 shares of the company's stock valued at $32,000 after acquiring an additional 230 shares during the period. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on EVRG. Bank of America raised shares of Evergy from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $51.00 to $57.00 in a report on Wednesday, March 13th. Citigroup initiated coverage on shares of Evergy in a report on Tuesday. They set a "buy" rating and a $64.00 target price for the company. Wells Fargo & Company cut their price objective on shares of Evergy from $60.00 to $57.00 and set an "overweight" rating for the company in a report on Friday, March 1st. Barclays boosted their price objective on shares of Evergy from $54.00 to $55.00 and gave the company an "overweight" rating in a report on Thursday, March 14th. Finally, Guggenheim downgraded shares of Evergy from a "buy" rating to a "neutral" rating and set a $52.00 price objective for the company. in a report on Monday, January 22nd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $57.00.

Evergy Price Performance

Shares of NYSE:EVRG traded up $0.33 during midday trading on Thursday, hitting $53.38. The stock had a trading volume of 2,000,342 shares, compared to its average volume of 2,772,801. The company's 50-day moving average price is $50.50 and its 200-day moving average price is $50.96. The company has a market capitalization of $12.26 billion, a P/E ratio of 16.79, a price-to-earnings-growth ratio of 2.36 and a beta of 0.56. The company has a quick ratio of 0.29, a current ratio of 0.51 and a debt-to-equity ratio of 1.14. Evergy, Inc. has a fifty-two week low of $46.92 and a fifty-two week high of $63.93.

Evergy (NYSE:EVRG - Get Free Report) last issued its earnings results on Thursday, February 29th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.03). The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.46 billion. Evergy had a net margin of 13.28% and a return on equity of 8.47%. During the same quarter in the previous year, the firm posted $0.30 earnings per share. As a group, equities research 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 was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were given a $0.6425 dividend. This represents a $2.57 annualized dividend and a dividend yield of 4.81%. The ex-dividend date was Friday, March 8th. Evergy's payout ratio is presently 80.82%.

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.