Blueshift Asset Management LLC Trims Holdings in Evergy, Inc. (NASDAQ:EVRG)

Blueshift Asset Management LLC trimmed its holdings in Evergy, Inc. (NASDAQ:EVRG) by 19.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,822 shares of the company’s stock after selling 947 shares during the quarter. Blueshift Asset Management LLC’s holdings in Evergy were worth $235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Franklin Resources Inc. lifted its holdings in shares of Evergy by 5.5% during the third quarter. Franklin Resources Inc. now owns 5,532,719 shares of the company’s stock valued at $330,469,000 after purchasing an additional 288,619 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Evergy by 9.1% during the fourth quarter. Bank of New York Mellon Corp now owns 3,085,401 shares of the company’s stock valued at $189,906,000 after buying an additional 256,978 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in Evergy by 25.8% in the third quarter. Point72 Asset Management L.P. now owns 2,848,735 shares of the company’s stock worth $176,650,000 after acquiring an additional 583,923 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Evergy by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,160,492 shares of the company’s stock worth $132,978,000 after acquiring an additional 25,481 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of Evergy by 131.4% during the third quarter. FMR LLC now owns 2,004,414 shares of the company’s stock valued at $124,294,000 after acquiring an additional 1,138,138 shares in the last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EVRG has been the topic of a number of analyst reports. Guggenheim upgraded shares of Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. LADENBURG THALM/SH SH upgraded shares of Evergy to a “strong-buy” rating in a research note on Monday, March 17th. UBS Group raised their price target on shares of Evergy from $66.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Barclays upped their price objective on Evergy from $62.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $68.36.

Evergy Trading Down 0.8 %

NASDAQ:EVRG opened at $67.45 on Friday. The company has a 50 day simple moving average of $65.73 and a two-hundred day simple moving average of $63.05. The company has a market cap of $15.51 billion, a PE ratio of 18.23, a price-to-earnings-growth ratio of 2.82 and a beta of 0.62. 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 12 month low of $49.55 and a 12 month high of $69.93.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.35 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $1.24 billion. Research analysts forecast that Evergy, Inc. will post 3.83 earnings per share for the current year.

Evergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date was Monday, March 10th. Evergy’s payout ratio is 70.45%.

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.