Voya Investment Management LLC Has $14.41 Million Holdings in Evergy, Inc. (NASDAQ:EVRG)

Voya Investment Management LLC lowered its holdings in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 6.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 234,177 shares of the company's stock after selling 16,071 shares during the quarter. Voya Investment Management LLC owned 0.10% of Evergy worth $14,414,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Lee Danner & Bass Inc. bought a new stake in shares of Evergy during the fourth quarter worth $26,000. National Pension Service bought a new stake in shares of Evergy in the fourth quarter valued at about $30,000. Bank of Jackson Hole Trust acquired a new position in shares of Evergy during the fourth quarter worth about $31,000. Sandy Spring Bank raised its position in Evergy by 5,983.3% in the 4th quarter. Sandy Spring Bank now owns 730 shares of the company's stock valued at $45,000 after buying an additional 718 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Evergy during the 4th quarter worth approximately $49,000. Institutional investors own 87.24% of the company's stock.

Evergy Stock Performance

Shares of Evergy stock traded up $0.82 on Friday, hitting $69.25. The stock had a trading volume of 1,597,952 shares, compared to its average volume of 1,953,697. The stock has a market cap of $15.93 billion, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 2.82 and a beta of 0.52. The business's 50 day moving average is $67.39 and its two-hundred day moving average is $64.46. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. Evergy, Inc. has a twelve month low of $52.10 and a twelve month high of $70.30.

Evergy (NASDAQ:EVRG - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.11). Evergy had a net margin of 14.77% and a return on equity of 8.77%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. Analysts forecast that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Announces Dividend

The firm 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. The ex-dividend date was Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.86%. Evergy's payout ratio is presently 70.45%.

Analyst Upgrades and Downgrades

EVRG has been the subject of a number of analyst reports. Guggenheim raised shares of Evergy from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. LADENBURG THALM/SH SH raised Evergy to a "strong-buy" rating in a research report on Monday, March 17th. UBS Group raised Evergy from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $68.00 to $78.00 in a research report on Monday. Finally, Barclays raised their target price on shares of Evergy from $72.00 to $73.00 and gave the company an "overweight" rating in a research note on Tuesday, April 22nd. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Evergy has a consensus rating of "Buy" and a consensus price target of $70.92.

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.