88,141 Shares in Evergy, Inc. (NYSE:EVRG) Bought by TCG Advisory Services LLC

TCG Advisory Services LLC purchased a new position in Evergy, Inc. (NYSE:EVRG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 88,141 shares of the company's stock, valued at approximately $4,601,000.

A number of other hedge funds also recently bought and sold shares of the company. Brookstone Capital Management lifted its holdings in shares of Evergy by 13.2% during the third quarter. Brookstone Capital Management now owns 17,303 shares of the company's stock valued at $840,000 after purchasing an additional 2,021 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Evergy by 0.5% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 51,316 shares of the company's stock worth $2,602,000 after purchasing an additional 277 shares during the last quarter. Xponance Inc. grew its position in Evergy by 3.6% in the 3rd quarter. Xponance Inc. now owns 31,153 shares of the company's stock worth $1,579,000 after purchasing an additional 1,071 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in Evergy by 0.5% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 60,297 shares of the company's stock valued at $3,057,000 after buying an additional 325 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Evergy by 19.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,548,598 shares of the company's stock valued at $129,214,000 after buying an additional 422,152 shares during the period. Institutional investors own 87.24% of the company's stock.

Evergy Price Performance

EVRG stock traded up $0.55 during midday trading on Friday, hitting $54.10. The company's stock had a trading volume of 3,072,001 shares, compared to its average volume of 1,846,729. The firm has a market capitalization of $12.43 billion, a price-to-earnings ratio of 17.01, a price-to-earnings-growth ratio of 2.82 and a beta of 0.57. 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 12 month low of $46.92 and a 12 month high of $63.39. The company has a 50 day moving average of $51.68 and a two-hundred day moving average of $51.14.

Evergy (NYSE:EVRG - Get Free Report) last announced its quarterly earnings results on Thursday, February 29th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.03). Evergy had a net margin of 13.28% and a return on equity of 8.47%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the firm posted $0.30 earnings per share. On average, analysts expect that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Announces Dividend

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 dividend of $0.6425 per share. The ex-dividend date was Friday, March 8th. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.75%. Evergy's dividend payout ratio is currently 80.82%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Guggenheim downgraded Evergy from a "buy" rating to a "neutral" rating and set a $52.00 target price on the stock. in a report on Monday, January 22nd. Citigroup started coverage on shares of Evergy in a report on Tuesday, March 26th. They issued a "buy" rating and a $64.00 price objective on the stock. Wells Fargo & Company decreased their price target on shares of Evergy from $60.00 to $57.00 and set an "overweight" rating on the stock in a research report on Friday, March 1st. LADENBURG THALM/SH SH initiated coverage on shares of Evergy in a research report on Thursday, April 4th. They set a "neutral" rating and a $51.00 price objective for the company. Finally, Barclays upped their price objective on Evergy from $54.00 to $55.00 and gave the stock an "overweight" rating in a research note on Thursday, March 14th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Evergy currently has a consensus rating of "Moderate Buy" and an average target price of $56.00.

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.