Evergy, Inc. (NASDAQ:EVRG) Shares Sold by Financial Counselors Inc.

Financial Counselors Inc. reduced its position in shares of Evergy, Inc. (NASDAQ:EVRG) by 4.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 70,309 shares of the company’s stock after selling 3,590 shares during the quarter. Financial Counselors Inc.’s holdings in Evergy were worth $4,328,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC acquired a new stake in shares of Evergy during the 3rd quarter worth approximately $226,000. Cerity Partners LLC increased its stake in Evergy by 32.2% during the third quarter. Cerity Partners LLC now owns 51,912 shares of the company’s stock worth $3,219,000 after acquiring an additional 12,657 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Evergy by 26.4% in the third quarter. Daiwa Securities Group Inc. now owns 31,634 shares of the company’s stock valued at $1,961,000 after purchasing an additional 6,616 shares during the period. Independent Advisor Alliance raised its position in Evergy by 6.3% in the third quarter. Independent Advisor Alliance now owns 24,487 shares of the company’s stock valued at $1,518,000 after purchasing an additional 1,444 shares during the period. Finally, Truvestments Capital LLC acquired a new position in shares of Evergy in the 3rd quarter valued at $32,000. 87.24% of the stock is owned by hedge funds and other institutional investors.

Evergy Stock Up 1.8 %

Shares of EVRG opened at $67.33 on Thursday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The stock has a market capitalization of $15.49 billion, a PE ratio of 18.20, a P/E/G ratio of 2.82 and a beta of 0.62. The company’s 50-day simple moving average is $66.08 and its 200-day simple moving average is $63.22. Evergy, Inc. has a 1 year low of $49.55 and a 1 year high of $69.93.

Evergy (NASDAQ:EVRG) last released its earnings results 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). The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. Analysts forecast that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a dividend of $0.6675 per share. The ex-dividend date was Monday, March 10th. This represents a $2.67 annualized dividend and a yield of 3.97%. Evergy’s payout ratio is 70.45%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. LADENBURG THALM/SH SH upgraded shares of Evergy to a “strong-buy” rating in a report on Monday, March 17th. UBS Group boosted their price target on shares of Evergy from $66.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Barclays upped their price objective on shares of Evergy from $62.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Finally, Guggenheim upgraded shares of Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Evergy currently has a consensus rating of “Buy” and an average price target of $69.08.

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.