Huber Capital Management LLC reduced its holdings in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 32.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 9,167 shares of the company's stock after selling 4,491 shares during the quarter. Huber Capital Management LLC's holdings in Evergy were worth $564,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Miller Howard Investments Inc. NY increased its position in Evergy by 1.4% in 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 period. Quent Capital LLC increased its holdings in shares of Evergy by 4.6% in the 4th quarter. Quent Capital LLC now owns 3,692 shares of the company's stock worth $227,000 after acquiring an additional 163 shares during the period. Sunbelt Securities Inc. lifted its position in Evergy by 2.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 7,778 shares of the company's stock valued at $482,000 after purchasing an additional 168 shares during the last quarter. Mather Group LLC. boosted its stake in Evergy by 5.7% during the 4th quarter. Mather Group LLC. now owns 3,231 shares of the company's stock valued at $199,000 after purchasing an additional 173 shares during the period. Finally, Wealthcare Advisory Partners LLC grew its position in Evergy by 2.5% in the 4th 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. 87.24% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the company. LADENBURG THALM/SH SH raised Evergy to a "strong-buy" rating in a report on Monday, March 17th. UBS Group lifted 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 boosted 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 raised Evergy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. One investment 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 company. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $69.08.
Read Our Latest Research Report on EVRG
Evergy Price Performance
Shares of EVRG traded up $1.45 during midday trading on Tuesday, reaching $65.81. The stock had a trading volume of 1,051,819 shares, compared to its average volume of 1,921,977. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32. The company has a market capitalization of $15.14 billion, a P/E ratio of 17.79, a P/E/G ratio of 2.82 and a beta of 0.52. The firm's 50 day moving average price is $66.79 and its 200-day moving average price is $63.62. Evergy, Inc. has a 52 week low of $49.55 and a 52 week high of $70.30.
Evergy (NASDAQ:EVRG - Get Free Report) last issued 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). Evergy had a return on equity of 8.77% and a net margin of 14.77%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. On average, analysts forecast that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.
Evergy Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a dividend of $0.6675 per share. The ex-dividend date was Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.06%. Evergy's dividend payout ratio (DPR) is presently 70.45%.
About Evergy
(
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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