Evergy, Inc. (NYSE:EVRG) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lowered its holdings in Evergy, Inc. (NYSE:EVRG) by 24.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,728 shares of the company’s stock after selling 6,737 shares during the period. Daiwa Securities Group Inc.’s holdings in Evergy were worth $1,082,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Atwood & Palmer Inc. increased its position in shares of Evergy by 30.5% in the fourth quarter. Atwood & Palmer Inc. now owns 855 shares of the company’s stock worth $45,000 after acquiring an additional 200 shares in the last quarter. IFM Investors Pty Ltd grew its holdings in Evergy by 0.3% during the 4th quarter. IFM Investors Pty Ltd now owns 73,111 shares of the company’s stock valued at $3,816,000 after purchasing an additional 206 shares in the last quarter. Raleigh Capital Management Inc. grew its holdings in Evergy by 4.0% during the 3rd quarter. Raleigh Capital Management Inc. now owns 5,531 shares of the company’s stock valued at $280,000 after purchasing an additional 211 shares in the last quarter. Global Retirement Partners LLC grew its holdings in Evergy by 13.5% during the 4th quarter. Global Retirement Partners LLC now owns 1,821 shares of the company’s stock valued at $96,000 after purchasing an additional 216 shares in the last quarter. Finally, Caprock Group LLC grew its holdings in Evergy by 4.0% during the 3rd quarter. Caprock Group LLC now owns 5,751 shares of the company’s stock valued at $292,000 after purchasing an additional 222 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on EVRG shares. Barclays raised their price target on shares of Evergy from $54.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, March 14th. Bank of America raised shares of Evergy from a “neutral” rating to a “buy” rating and raised their price target for the company from $51.00 to $57.00 in a report on Wednesday, March 13th. Wells Fargo & Company decreased their price objective on shares of Evergy from $60.00 to $57.00 and set an “overweight” rating for the company in a report on Friday, March 1st. Citigroup began coverage on shares of Evergy in a report on Tuesday, March 26th. They set a “buy” rating and a $64.00 price objective for the company. Finally, LADENBURG THALM/SH SH began coverage on shares of Evergy in a report on Thursday, April 4th. They set a “neutral” rating and a $51.00 price objective for the company. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $56.00.

Evergy Trading Up 0.4 %

Evergy stock opened at $52.48 on Thursday. The firm’s 50-day moving average is $51.25 and its 200-day moving average is $50.97. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.29 and a current ratio of 0.51. Evergy, Inc. has a 1 year low of $46.92 and a 1 year high of $63.84. The company has a market cap of $12.06 billion, a P/E ratio of 16.50, a PEG ratio of 2.72 and a beta of 0.57.

Evergy (NYSE:EVRG) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.27 earnings per share (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 during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the business posted $0.30 earnings per share. On average, equities analysts expect that Evergy, Inc. will post 3.84 earnings per share for the current year.

Evergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were given a $0.6425 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $2.57 annualized dividend and a yield of 4.90%. Evergy’s dividend payout ratio is presently 80.82%.

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.