Illinois Municipal Retirement Fund lowered its position in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 52.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,998 shares of the company's stock after selling 92,189 shares during the quarter. Illinois Municipal Retirement Fund's holdings in Evergy were worth $5,109,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Bank of Jackson Hole Trust purchased a new position in Evergy during the fourth quarter worth about $31,000. Truvestments Capital LLC bought a new stake in shares of Evergy during the 3rd quarter valued at about $32,000. Sentry Investment Management LLC bought a new position in shares of Evergy during the third quarter valued at approximately $51,000. USA Financial Formulas acquired a new stake in shares of Evergy in the 4th quarter worth about $73,000. Finally, Venturi Wealth Management LLC increased its position in Evergy by 230.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,386 shares of the company's stock valued at $86,000 after acquiring an additional 966 shares during the period. Hedge funds and other institutional investors own 87.24% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts recently issued reports on EVRG shares. LADENBURG THALM/SH SH upgraded Evergy from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $59.00 to $68.50 in a report on Thursday, January 2nd. Guggenheim raised Evergy from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Finally, Barclays reduced their target price on Evergy from $65.00 to $62.00 and set an "overweight" rating for the company in a research report on Monday, January 27th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, Evergy currently has a consensus rating of "Moderate Buy" and a consensus target price of $65.36.
Get Our Latest Research Report on EVRG
Evergy Stock Performance
Shares of EVRG traded up $0.35 during midday trading on Friday, reaching $68.91. The stock had a trading volume of 3,432,557 shares, compared to its average volume of 1,937,666. The firm has a 50 day simple moving average of $64.00 and a 200-day simple moving average of $62.22. Evergy, Inc. has a one year low of $48.60 and a one year high of $69.90. The firm has a market cap of $15.85 billion, a PE ratio of 18.62, a P/E/G ratio of 2.82 and a beta of 0.66. 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 issued its 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 for the quarter, compared to the consensus estimate of $1.24 billion. As a group, sell-side analysts anticipate that Evergy, Inc. will post 3.83 EPS for the current year.
Evergy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 3.87%. The ex-dividend date is Monday, March 10th. Evergy's payout ratio is 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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