Cerity Partners LLC Sells 17,136 Shares of Evergy, Inc. (NYSE:EVRG)

Cerity Partners LLC decreased its holdings in Evergy, Inc. (NYSE:EVRG) by 22.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,319 shares of the company’s stock after selling 17,136 shares during the period. Cerity Partners LLC’s holdings in Evergy were worth $3,149,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in EVRG. Red Tortoise LLC boosted its holdings in shares of Evergy by 793.5% during the 1st quarter. Red Tortoise LLC now owns 411 shares of the company’s stock worth $25,000 after buying an additional 365 shares during the period. Clear Street Markets LLC boosted its holdings in shares of Evergy by 92.7% during the first quarter. Clear Street Markets LLC now owns 451 shares of the company’s stock worth $28,000 after acquiring an additional 217 shares during the period. CVA Family Office LLC acquired a new position in shares of Evergy in the fourth quarter valued at approximately $29,000. Armstrong Advisory Group Inc. increased its stake in shares of Evergy by 57.2% during the third quarter. Armstrong Advisory Group Inc. now owns 632 shares of the company’s stock worth $32,000 after purchasing an additional 230 shares during the period. Finally, Itau Unibanco Holding S.A. acquired a new stake in Evergy during the 3rd quarter worth approximately $35,000. 87.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EVRG has been the topic of a number of research reports. LADENBURG THALM/SH SH initiated coverage on Evergy in a report on Thursday, April 4th. They issued a “neutral” rating and a $51.00 price objective on the stock. Guggenheim lowered shares of Evergy from a “buy” rating to a “neutral” rating and set a $52.00 price target on the stock. in a research report on Monday, January 22nd. Citigroup began coverage on shares of Evergy in a research report on Tuesday, March 26th. They set a “buy” rating and a $64.00 target price on the stock. Barclays raised their target price on shares of Evergy from $54.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, March 14th. Finally, Wells Fargo & Company reduced their price target on Evergy from $60.00 to $57.00 and set an “overweight” rating on the stock in a research report on Friday, March 1st. Three investment 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 a consensus rating of “Moderate Buy” and a consensus price target of $56.00.

Evergy Stock Performance

Shares of NYSE:EVRG opened at $50.53 on Thursday. Evergy, Inc. has a 1 year low of $46.92 and a 1 year high of $63.84. The stock has a market capitalization of $11.61 billion, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of 2.62 and a beta of 0.57. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.51 and a quick ratio of 0.29. The company’s 50 day simple moving average is $51.03 and its 200 day simple moving average is $50.86.

Evergy (NYSE:EVRG) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). Evergy had a return on equity of 8.47% and a net margin of 13.28%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period last year, the firm posted $0.30 EPS. As a group, research analysts predict that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were paid a $0.6425 dividend. This represents a $2.57 annualized dividend and a yield of 5.09%. The ex-dividend date was Friday, March 8th. Evergy’s payout ratio is 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.