Evergy, Inc. (NASDAQ:EVRG) Shares Sold by Exencial Wealth Advisors LLC

Exencial Wealth Advisors LLC trimmed its stake in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 2.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 182,661 shares of the company's stock after selling 5,096 shares during the period. Exencial Wealth Advisors LLC owned about 0.08% of Evergy worth $11,243,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new position in Evergy in the third quarter valued at $1,330,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Evergy by 24.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 24,864 shares of the company's stock worth $1,542,000 after buying an additional 4,920 shares in the last quarter. abrdn plc grew its position in shares of Evergy by 28.2% during the third quarter. abrdn plc now owns 49,821 shares of the company's stock worth $3,087,000 after buying an additional 10,961 shares in the last quarter. US Bancorp DE increased its stake in shares of Evergy by 0.6% during the third quarter. US Bancorp DE now owns 37,518 shares of the company's stock worth $2,326,000 after buying an additional 214 shares during the period. Finally, Chicago Partners Investment Group LLC lifted its stake in Evergy by 5.4% in the third quarter. Chicago Partners Investment Group LLC now owns 7,728 shares of the company's stock worth $479,000 after acquiring an additional 397 shares during the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Evergy Stock Performance

Shares of NASDAQ:EVRG traded up $0.07 on Friday, reaching $65.80. The company's stock had a trading volume of 3,050,268 shares, compared to its average volume of 1,806,019. Evergy, Inc. has a 52-week low of $49.55 and a 52-week high of $69.93. The stock has a market capitalization of $15.13 billion, a P/E ratio of 17.78, a PEG ratio of 2.82 and a beta of 0.62. The stock's 50-day moving average is $64.47 and its two-hundred day moving average is $62.43. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32.

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Evergy (NASDAQ:EVRG - Get Free Report) last announced its earnings results 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). Evergy had a net margin of 14.77% and a return on equity of 8.77%. The company had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.24 billion. As a group, sell-side analysts forecast that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Dividend Announcement

The firm also recently announced 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. This represents a $2.67 annualized dividend and a yield of 4.06%. The ex-dividend date is Monday, March 10th. Evergy's payout ratio is 70.45%.

Analysts Set New Price Targets

EVRG has been the subject of several recent analyst reports. Guggenheim raised shares of Evergy from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Barclays lifted their price target on Evergy from $62.00 to $72.00 and gave the stock an "overweight" rating in a report on Friday. Finally, LADENBURG THALM/SH SH raised Evergy from a "neutral" rating to a "buy" rating and raised their target price for the stock from $59.00 to $68.50 in a research report on Thursday, January 2nd. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $66.79.

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.