Brandywine Global Investment Management LLC Reduces Stock Holdings in Evergy, Inc. (NASDAQ:EVRG)

Brandywine Global Investment Management LLC trimmed its stake in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 7.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 140,085 shares of the company's stock after selling 11,211 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.06% of Evergy worth $8,622,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. California Public Employees Retirement System raised its stake in Evergy by 0.8% in the 4th quarter. California Public Employees Retirement System now owns 1,040,565 shares of the company's stock valued at $64,047,000 after purchasing an additional 8,580 shares during the last quarter. Hartree Partners LP purchased a new stake in shares of Evergy during the fourth quarter worth about $1,477,000. Schroder Investment Management Group raised its position in shares of Evergy by 5.1% in the fourth quarter. Schroder Investment Management Group now owns 36,857 shares of the company's stock valued at $2,267,000 after buying an additional 1,795 shares during the last quarter. Allstate Corp purchased a new position in shares of Evergy during the fourth quarter valued at approximately $486,000. Finally, Orion Portfolio Solutions LLC boosted its position in Evergy by 9.2% during the fourth quarter. Orion Portfolio Solutions LLC now owns 46,085 shares of the company's stock worth $2,837,000 after acquiring an additional 3,880 shares during the last quarter. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Analyst Ratings Changes

Several research analysts have weighed in on EVRG shares. LADENBURG THALM/SH SH raised Evergy to a "strong-buy" rating in a research note on Monday, March 17th. UBS Group upped their target price on 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 target price 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 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. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $69.08.

Evergy Trading Down 4.4 %

Evergy stock traded down $3.03 during midday trading on Friday, reaching $66.18. The stock had a trading volume of 4,851,233 shares, compared to its average volume of 1,917,072. The stock's 50-day simple moving average is $66.79 and its 200 day simple moving average is $63.58. Evergy, Inc. has a twelve month low of $49.55 and a twelve month high of $70.30. 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 $15.22 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 2.82 and a beta of 0.52.

Evergy (NASDAQ:EVRG - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.35 earnings per share 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%. Analysts expect that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date was Monday, March 10th. Evergy's dividend payout ratio is presently 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.