Guggenheim Capital LLC Sells 231,526 Shares of Evergy, Inc. (NASDAQ:EVRG)

Guggenheim Capital LLC cut its stake in shares of Evergy, Inc. (NASDAQ:EVRG) by 52.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 206,355 shares of the company’s stock after selling 231,526 shares during the quarter. Guggenheim Capital LLC’s holdings in Evergy were worth $12,701,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in EVRG. Lee Danner & Bass Inc. acquired a new stake in shares of Evergy during the 4th quarter worth about $26,000. National Pension Service bought a new stake in Evergy during the fourth quarter worth about $30,000. Bank of Jackson Hole Trust acquired a new stake in shares of Evergy during the fourth quarter worth approximately $31,000. Sandy Spring Bank raised its stake in shares of Evergy by 5,983.3% in the fourth quarter. Sandy Spring Bank now owns 730 shares of the company’s stock valued at $45,000 after acquiring an additional 718 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Evergy in the 4th quarter worth approximately $49,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Stock Performance

Shares of NASDAQ:EVRG opened at $67.87 on Wednesday. The stock has a market capitalization of $15.61 billion, a P/E ratio of 18.34, a P/E/G ratio of 2.82 and a beta of 0.52. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. Evergy, Inc. has a 1-year low of $49.55 and a 1-year high of $70.30. The business has a 50-day moving average price of $67.04 and a two-hundred day moving average price of $63.82.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.11). Evergy had a return on equity of 8.77% and a net margin of 14.77%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. Equities analysts predict that Evergy, Inc. will post 3.83 earnings per share for the current year.

Evergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a $0.6675 dividend. The ex-dividend date was Monday, March 10th. This represents a $2.67 annualized dividend and a dividend yield of 3.93%. Evergy’s dividend payout ratio is currently 70.45%.

Analyst Upgrades and Downgrades

EVRG has been the subject of several research analyst reports. LADENBURG THALM/SH SH upgraded Evergy to a “strong-buy” rating in a research report on Monday, March 17th. Barclays lifted their price target on Evergy from $62.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, March 7th. UBS Group increased their price objective on shares of Evergy from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Finally, Guggenheim upgraded shares of Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Evergy has a consensus rating of “Buy” and a consensus price target of $69.08.

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.