Alliancebernstein L.P. Has $18.95 Million Stock Position in Evergy, Inc. (NASDAQ:EVRG)

Alliancebernstein L.P. lessened its holdings in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 307,890 shares of the company's stock after selling 10,176 shares during the period. Alliancebernstein L.P. owned approximately 0.13% of Evergy worth $18,951,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EVRG. O Shaughnessy Asset Management LLC raised its holdings in shares of Evergy by 60.2% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 16,620 shares of the company's stock worth $1,023,000 after buying an additional 6,248 shares in the last quarter. Clearbridge Investments LLC raised its stake in Evergy by 21.3% during the fourth quarter. Clearbridge Investments LLC now owns 32,307 shares of the company's stock worth $1,988,000 after acquiring an additional 5,681 shares in the last quarter. California Public Employees Retirement System lifted its holdings in shares of Evergy by 0.8% during the fourth quarter. California Public Employees Retirement System now owns 1,040,565 shares of the company's stock valued at $64,047,000 after acquiring an additional 8,580 shares during the period. Hartree Partners LP bought a new position in shares of Evergy during the fourth quarter valued at $1,477,000. Finally, Schroder Investment Management Group boosted its stake in shares of Evergy by 5.1% in the 4th quarter. Schroder Investment Management Group now owns 36,857 shares of the company's stock valued at $2,267,000 after purchasing an additional 1,795 shares in the last quarter. Institutional investors own 87.24% of the company's stock.

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Evergy Price Performance

Shares of EVRG traded up $1.04 during mid-day trading on Friday, hitting $66.52. 2,545,058 shares of the company traded hands, compared to its average volume of 1,949,512. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $15.30 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 2.82 and a beta of 0.52. The business has a 50-day moving average of $66.94 and a 200 day moving average of $63.74. Evergy, Inc. has a one year low of $49.55 and a one year high of $70.30.

Evergy (NASDAQ:EVRG - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.11). The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. As a group, equities analysts expect that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a dividend of $0.6675 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a yield of 4.01%. Evergy's payout ratio is presently 70.45%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. LADENBURG THALM/SH SH raised shares of Evergy to a "strong-buy" rating in a report on Monday, March 17th. UBS Group lifted their target price 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 increased their price target on Evergy from $62.00 to $72.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. Finally, Guggenheim upgraded Evergy from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Evergy has an average rating of "Buy" and a consensus 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.