Voya Investment Management LLC Decreases Stock Position in Evergy, Inc. (NASDAQ:EVRG)

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

Other institutional investors and hedge funds have also made changes to their positions in the company. Virtu Financial LLC acquired a new position in Evergy during the third quarter worth $692,000. World Investment Advisors LLC boosted its position in shares of Evergy by 3.9% during the 3rd quarter. World Investment Advisors LLC now owns 5,715 shares of the company's stock valued at $354,000 after acquiring an additional 212 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Evergy in the third quarter valued at about $1,030,000. Synovus Financial Corp increased its position in Evergy by 97.6% during the third quarter. Synovus Financial Corp now owns 17,420 shares of the company's stock worth $1,080,000 after purchasing an additional 8,604 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in Evergy by 5.5% during the third quarter. Franklin Resources Inc. now owns 5,532,719 shares of the company's stock worth $330,469,000 after purchasing an additional 288,619 shares during the period. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. LADENBURG THALM/SH SH raised shares of Evergy to a "strong-buy" rating in a research note on Monday, March 17th. Barclays raised their target price on Evergy from $72.00 to $73.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 22nd. UBS Group upgraded Evergy from a "neutral" rating to a "buy" rating and lifted their target price for the company from $68.00 to $78.00 in a research report on Monday, April 28th. Finally, Guggenheim upgraded Evergy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $70.92.

Evergy Trading Up 1.2 %

NASDAQ EVRG traded up $0.82 on Friday, reaching $69.25. The stock had a trading volume of 1,598,198 shares, compared to its average volume of 1,948,421. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. The stock has a fifty day moving average price of $67.40 and a two-hundred day moving average price of $64.54. Evergy, Inc. has a 12-month low of $52.10 and a 12-month high of $70.30. The firm has a market capitalization of $15.93 billion, a price-to-earnings ratio of 18.72, a P/E/G ratio of 2.82 and a beta of 0.52.

Evergy (NASDAQ:EVRG - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts' expectations of $1.24 billion. As a group, sell-side analysts forecast that Evergy, Inc. will post 3.83 EPS for the current fiscal year.

Evergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 3.86%. The ex-dividend date was Monday, March 10th. Evergy's payout ratio is 70.45%.

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.