NFJ Investment Group LLC Sells 10,174 Shares of Evergy, Inc. (NASDAQ:EVRG)

NFJ Investment Group LLC lessened its position in Evergy, Inc. (NASDAQ:EVRG) by 8.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 112,864 shares of the company’s stock after selling 10,174 shares during the period. NFJ Investment Group LLC’s holdings in Evergy were worth $6,947,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Miller Howard Investments Inc. NY raised its holdings in Evergy by 1.4% during the fourth quarter. Miller Howard Investments Inc. NY now owns 11,741 shares of the company’s stock worth $723,000 after buying an additional 162 shares during the last quarter. Quent Capital LLC boosted its stake in Evergy by 4.6% during the 4th quarter. Quent Capital LLC now owns 3,692 shares of the company’s stock valued at $227,000 after purchasing an additional 163 shares during the last quarter. Mather Group LLC. increased its holdings in Evergy by 5.7% during the 4th quarter. Mather Group LLC. now owns 3,231 shares of the company’s stock worth $199,000 after purchasing an additional 173 shares in the last quarter. Wealthcare Advisory Partners LLC raised its stake in shares of Evergy by 2.5% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 7,322 shares of the company’s stock worth $451,000 after purchasing an additional 182 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in shares of Evergy by 5.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,873 shares of the company’s stock valued at $238,000 after buying an additional 190 shares during the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.

Evergy Stock Down 0.6 %

EVRG opened at $67.43 on Thursday. The company has a 50 day moving average of $67.09 and a 200 day moving average of $63.85. 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 $49.70 and a 12 month high of $70.30. The company has a market cap of $15.51 billion, a PE ratio of 18.22, a price-to-earnings-growth ratio of 2.82 and a beta of 0.52.

Evergy (NASDAQ:EVRG) last released 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 net margin of 14.77% and a return on equity of 8.77%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. On average, sell-side analysts expect that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Dividend Announcement

The company also recently disclosed 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 of this dividend was Monday, March 10th. This represents a $2.67 annualized dividend and a yield of 3.96%. Evergy’s dividend payout ratio is currently 70.45%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. LADENBURG THALM/SH SH raised shares of Evergy to a “strong-buy” rating in a report on Monday, March 17th. Barclays raised 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, UBS Group increased their target price on shares of Evergy from $66.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price 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.