Guggenheim Capital LLC Sells 231,526 Shares of Evergy, Inc. (NASDAQ:EVRG)

Guggenheim Capital LLC lessened its position in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 52.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 206,355 shares of the company's stock after selling 231,526 shares during the quarter. Guggenheim Capital LLC owned approximately 0.09% of Evergy worth $12,701,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Miller Howard Investments Inc. NY grew its holdings in shares of Evergy by 1.4% during the fourth 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 boosted its stake in Evergy by 4.6% during 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 last quarter. Mather Group LLC. increased its stake 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 in the last quarter. Wealthcare Advisory Partners LLC raised 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 worth $451,000 after buying an additional 182 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its holdings in shares of Evergy by 5.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,873 shares of the company's stock valued at $238,000 after purchasing an additional 190 shares in the last quarter. 87.24% of the stock is owned by institutional investors.

Evergy Price Performance

Shares of NASDAQ EVRG traded up $0.94 during mid-day trading on Friday, reaching $68.37. 1,975,930 shares of the company were exchanged, compared to its average volume of 1,960,689. The company's 50 day moving average price is $67.18 and its 200 day moving average price is $63.94. The stock has a market capitalization of $15.73 billion, a PE ratio of 18.48, a PEG ratio of 2.82 and a beta of 0.52. Evergy, Inc. has a 52 week low of $51.04 and a 52 week high of $70.30. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15.

Evergy (NASDAQ:EVRG - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.35 earnings per share (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 firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. Sell-side analysts forecast that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date was Monday, March 10th. Evergy's payout ratio is 70.45%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Barclays increased their target price on shares of Evergy from $62.00 to $72.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. UBS Group boosted their target price on shares of Evergy from $66.00 to $68.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. LADENBURG THALM/SH SH upgraded shares of Evergy to a "strong-buy" rating in a research report on Monday, March 17th. Finally, Guggenheim upgraded Evergy from a "neutral" rating to a "buy" rating in a research 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 stock has a consensus rating of "Buy" and an average price target of $69.08.

About Evergy

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.