Bank of New York Mellon Corp boosted its stake in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 9.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,085,401 shares of the company's stock after acquiring an additional 256,978 shares during the period. Bank of New York Mellon Corp owned 1.34% of Evergy worth $189,906,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in EVRG. Miller Howard Investments Inc. NY increased its position in shares of Evergy by 1.4% in the 4th quarter. Miller Howard Investments Inc. NY now owns 11,741 shares of the company's stock worth $723,000 after purchasing an additional 162 shares during the last quarter. Quent Capital LLC increased its holdings in Evergy by 4.6% in the fourth quarter. Quent Capital LLC now owns 3,692 shares of the company's stock valued at $227,000 after buying an additional 163 shares during the last quarter. Sunbelt Securities Inc. increased its holdings in Evergy by 2.2% in the third quarter. Sunbelt Securities Inc. now owns 7,778 shares of the company's stock valued at $482,000 after buying an additional 168 shares during the last quarter. Empirical Finance LLC raised its stake in Evergy by 2.3% during the third quarter. Empirical Finance LLC now owns 7,751 shares of the company's stock valued at $481,000 after buying an additional 171 shares in the last quarter. Finally, Mather Group LLC. lifted 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 buying an additional 173 shares during the last quarter. 87.24% of the stock is currently owned by institutional investors.
Evergy Stock Performance
Shares of Evergy stock traded up $0.63 during trading on Monday, hitting $69.54. 1,201,888 shares of the stock were exchanged, compared to its average volume of 1,800,146. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. Evergy, Inc. has a 12 month low of $48.86 and a 12 month high of $69.90. The stock's fifty day moving average is $64.00 and its 200 day moving average is $62.24. The stock has a market cap of $15.99 billion, a PE ratio of 18.79, a P/E/G ratio of 2.82 and a beta of 0.66.
Evergy (NASDAQ:EVRG - Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.11). The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. As a group, sell-side analysts anticipate that Evergy, Inc. will post 3.83 EPS for the current year.
Evergy Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be given a dividend of $0.6675 per share. The ex-dividend date is Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a yield of 3.84%. Evergy's dividend payout ratio (DPR) is presently 70.45%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on EVRG. LADENBURG THALM/SH SH upgraded Evergy from a "neutral" rating to a "buy" rating and boosted their price target for the company from $59.00 to $68.50 in a report on Thursday, January 2nd. Guggenheim upgraded shares of Evergy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Finally, Barclays dropped their target price on shares of Evergy from $65.00 to $62.00 and set an "overweight" rating on the stock in a report on Monday, January 27th. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $65.36.
Check Out Our Latest Stock Report on EVRG
Evergy Profile
(
Free Report)
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.
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