Gofen & Glossberg LLC IL lowered its stake in shares of Evergy, Inc. (NYSE:EVRG – Get Rating) by 5.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,643 shares of the company’s stock after selling 1,323 shares during the period. Gofen & Glossberg LLC IL’s holdings in Evergy were worth $1,616,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in shares of Evergy by 7.5% during the 4th quarter. BlackRock Inc. Now owns 17,176,489 shares of the company’s stock valued at $1,178,481,000 after purchasing an additional 1,192,407 shares during the last quarter. State Street Corp lifted its holdings in shares of Evergy by 0.8% during the 4th quarter. State Street Corp now owns 12,517,699 shares of the company’s stock valued at $858,839,000 after purchasing an additional 105,068 shares during the last quarter. Capital International Investors lifted its holdings in shares of Evergy by 15.8% during the 4th quarter. Capital International Investors now owns 9,271,048 shares of the company’s stock valued at $636,087,000 after purchasing an additional 1,266,945 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Evergy by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 4,311,435 shares of the company’s stock valued at $295,057,000 after purchasing an additional 111,295 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Evergy by 60.0% during the 4th quarter. Invesco Ltd. Now owns 4,032,859 shares of the company’s stock valued at $276,692,000 after purchasing an additional 1,512,258 shares during the last quarter. Institutional investors own 87.39% of the company’s stock.
Several analysts have recently commented on EVRG shares. Credit Suisse Group started coverage on Evergy in a report on Monday, April 25th. They set an “outperform” rating and a $76.00 price objective for the company. Wells Fargo & Company raised their target price on Evergy from $67.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 19th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $71.00.
Shares of EVRG stock opened at $64.11 on Friday. The firm has a market capitalization of $14.71 billion, a price-to-earnings ratio of 18.21, a price-to-earnings-growth ratio of 2.99 and a beta of 0.47. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.51 and a quick ratio of 0.33. The business has a fifty day moving average of $67.47 and a 200 day moving average of $66.32. Evergy, Inc. has a 1 year low of $59.34 and a 1 year high of $73.13.
Evergy (NYSE:EVRG – Get Rating) last announced its quarterly earnings results on Thursday, May 5th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.03. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.43 billion. Evergy had a return on equity of 8.93% and a net margin of 15.59%. During the same period last year, the firm earned $0.55 EPS. As a group, equities research analysts expect that Evergy, Inc. will post 3.53 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, June 20th. Shareholders of record on Friday, May 20th were given a dividend of $0.5725 per share. This represents a $2.29 annualized dividend and a yield of 3.57%. The ex-dividend date was Thursday, May 19th. Evergy’s dividend payout ratio is currently 65.06%.
In other Evergy news, Director Sandra Aj Lawrence sold 500 shares of the stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $68.22, for a total transaction of $34,110.00. Following the sale, the director now directly owns 2,180 shares of the company’s stock, valued at approximately $148,719.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 1,657 shares of company stock worth $112,987 over the last ninety days. 0.47% of the stock is owned by insiders.
Evergy Company Profile (Get Rating)
Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Kansas and Missouri, the United States. It generates electricity through coal, hydroelectric, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources.
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