Evergy, Inc. (NYSE:EVRG) Position Trimmed by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its holdings in shares of Evergy, Inc. (NYSE:EVRG) by 21.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,180 shares of the company’s stock after selling 55,162 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.09% of Evergy worth $10,763,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Headlands Technologies LLC grew its stake in Evergy by 207.9% during the 4th quarter. Headlands Technologies LLC now owns 40,009 shares of the company’s stock valued at $2,088,000 after acquiring an additional 27,016 shares in the last quarter. Syon Capital LLC acquired a new stake in shares of Evergy during the 4th quarter valued at about $241,000. Meritage Portfolio Management lifted its holdings in shares of Evergy by 99.2% during the 4th quarter. Meritage Portfolio Management now owns 90,844 shares of the company’s stock valued at $4,742,000 after buying an additional 45,232 shares during the last quarter. Atria Wealth Solutions Inc. lifted its holdings in shares of Evergy by 133.9% during the 4th quarter. Atria Wealth Solutions Inc. now owns 10,889 shares of the company’s stock valued at $568,000 after buying an additional 6,234 shares during the last quarter. Finally, Schnieders Capital Management LLC acquired a new stake in shares of Evergy during the 4th quarter valued at about $873,000. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Wall Street Analysts Forecast Growth

EVRG has been the subject of several research reports. Bank of America upgraded Evergy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $51.00 to $57.00 in a report on Wednesday, March 13th. Barclays lifted their price target on Evergy from $54.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, March 14th. LADENBURG THALM/SH SH initiated coverage on Evergy in a report on Thursday, April 4th. They set a “neutral” rating and a $51.00 price target for the company. Citigroup initiated coverage on Evergy in a report on Tuesday, March 26th. They issued a “buy” rating and a $64.00 target price for the company. Finally, Guggenheim lowered Evergy from a “buy” rating to a “neutral” rating and set a $52.00 target price for the company. in a report on Monday, January 22nd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $56.00.

Evergy Stock Up 1.0 %

EVRG opened at $54.10 on Monday. The business has a 50 day moving average price of $51.68 and a 200 day moving average price of $51.14. Evergy, Inc. has a twelve month low of $46.92 and a twelve month high of $63.39. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.29 and a current ratio of 0.51. The firm has a market cap of $12.43 billion, a P/E ratio of 17.01, a price-to-earnings-growth ratio of 2.82 and a beta of 0.57.

Evergy (NYSE:EVRG) last issued 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 quarter last year, the firm earned $0.30 earnings per share. Research analysts forecast that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were issued a dividend of $0.6425 per share. The ex-dividend date of this dividend 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 (DPR) is presently 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.