First Trust Advisors LP Sells 36,828 Shares of Evergy, Inc. (NASDAQ:EVRG)

First Trust Advisors LP decreased its holdings in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 2.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,388,937 shares of the company's stock after selling 36,828 shares during the quarter. First Trust Advisors LP owned about 0.60% of Evergy worth $85,489,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Miller Howard Investments Inc. NY lifted its holdings in 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 buying an additional 162 shares in the last quarter. Quent Capital LLC lifted its stake in shares of Evergy by 4.6% in the fourth quarter. Quent Capital LLC now owns 3,692 shares of the company's stock worth $227,000 after acquiring an additional 163 shares in the last quarter. Mather Group LLC. boosted its holdings in Evergy by 5.7% in the fourth 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 last quarter. Wealthcare Advisory Partners LLC grew its stake in Evergy by 2.5% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 7,322 shares of the company's stock valued at $451,000 after purchasing an additional 182 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in Evergy by 5.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,873 shares of the company's stock worth $238,000 after purchasing an additional 190 shares during the last quarter. Institutional investors and hedge funds own 87.24% of the company's stock.

Analyst Upgrades and Downgrades

EVRG has been the subject of a number of recent analyst reports. Guggenheim raised shares of Evergy from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. UBS Group raised their price objective on shares of Evergy from $66.00 to $68.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Barclays upped their target price on shares of Evergy from $72.00 to $73.00 and gave the company an "overweight" rating in a research note on Tuesday. Finally, LADENBURG THALM/SH SH raised Evergy to a "strong-buy" rating in a report on Monday, March 17th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $69.25.

Evergy Stock Performance

NASDAQ EVRG traded down $0.40 during trading hours on Friday, reaching $67.88. The company's stock had a trading volume of 1,972,293 shares, compared to its average volume of 1,955,265. The stock has a market cap of $15.61 billion, a PE ratio of 18.35, a PEG ratio of 2.82 and a beta of 0.52. The business has a 50-day simple moving average of $67.28 and a 200 day simple moving average of $64.14. Evergy, Inc. has a 52 week low of $51.69 and a 52 week high of $70.30. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15.

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%. Equities research analysts predict that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 3.93%. The ex-dividend date was Monday, March 10th. Evergy's payout ratio is currently 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.