Neuberger Berman Group LLC Decreases Stock Holdings in Evergy, Inc. (NYSE:EVRG)

Neuberger Berman Group LLC decreased its position in Evergy, Inc. (NYSE:EVRG - Free Report) by 59.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 122,036 shares of the company's stock after selling 181,411 shares during the period. Neuberger Berman Group LLC owned about 0.05% of Evergy worth $6,370,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of EVRG. US Bancorp DE boosted its position in Evergy by 2.4% during the fourth quarter. US Bancorp DE now owns 39,240 shares of the company's stock worth $2,048,000 after purchasing an additional 912 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Evergy by 299.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 998 shares of the company's stock valued at $52,000 after purchasing an additional 748 shares during the period. Assetmark Inc. lifted its holdings in Evergy by 15.9% during the 4th quarter. Assetmark Inc. now owns 19,551 shares of the company's stock worth $1,021,000 after purchasing an additional 2,676 shares in the last quarter. CreativeOne Wealth LLC boosted its stake in Evergy by 5.3% in the 4th quarter. CreativeOne Wealth LLC now owns 8,770 shares of the company's stock worth $458,000 after purchasing an additional 443 shares during the period. Finally, Quest Partners LLC purchased a new position in Evergy during the 4th quarter valued at about $589,000. 87.24% of the stock is owned by institutional investors.

Evergy Price Performance

NYSE EVRG traded up $0.02 during trading hours on Friday, reaching $53.43. 1,191,950 shares of the stock traded hands, compared to its average volume of 2,216,331. The stock has a 50 day simple moving average of $52.98 and a two-hundred day simple moving average of $51.72. Evergy, Inc. has a 1 year low of $46.92 and a 1 year high of $61.84. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.57 and a quick ratio of 0.32. The company has a market cap of $12.29 billion, a price-to-earnings ratio of 17.29, a price-to-earnings-growth ratio of 2.78 and a beta of 0.57.

Evergy (NYSE:EVRG - Get Free Report) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.61 by ($0.07). Evergy had a net margin of 12.84% and a return on equity of 8.32%. The firm had revenue of $1.33 billion for the quarter, compared to analysts' expectations of $1.35 billion. During the same period in the prior year, the business posted $0.59 earnings per share. The business's quarterly revenue was up 2.6% on a year-over-year basis. On average, analysts predict that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Monday, May 20th will be issued a dividend of $0.6425 per share. This represents a $2.57 annualized dividend and a dividend yield of 4.81%. The ex-dividend date is Friday, May 17th. Evergy's dividend payout ratio is currently 83.17%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on EVRG shares. Barclays increased their price target on shares of Evergy from $56.00 to $61.00 and gave the stock an "overweight" rating in a report on Tuesday, May 14th. LADENBURG THALM/SH SH started coverage on shares of Evergy in a report on Thursday, April 4th. They issued a "neutral" rating and a $51.00 price target for the company. Wells Fargo & Company upped their price target on shares of Evergy from $57.00 to $62.00 and gave the stock an "overweight" rating in a report on Friday, May 10th. Bank of America upgraded Evergy from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $51.00 to $57.00 in a research report on Wednesday, March 13th. Finally, Citigroup assumed coverage on Evergy in a research report on Tuesday, March 26th. They set a "buy" rating and a $64.00 target price for the company. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Evergy has a consensus rating of "Moderate Buy" and an average price target of $57.83.

About Evergy

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.