Legal & General Group Plc lessened its position in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 16.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,710,629 shares of the company's stock after selling 342,106 shares during the period. Legal & General Group Plc owned approximately 0.74% of Evergy worth $105,289,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in EVRG. Lee Danner & Bass Inc. bought a new position in shares of Evergy in the fourth quarter valued at about $26,000. National Pension Service acquired a new position in Evergy during the fourth quarter worth about $30,000. Bank of Jackson Hole Trust bought a new position in Evergy in the 4th quarter valued at approximately $31,000. Sandy Spring Bank lifted its stake in shares of Evergy by 5,983.3% in the 4th quarter. Sandy Spring Bank now owns 730 shares of the company's stock valued at $45,000 after acquiring an additional 718 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Evergy during the fourth quarter valued at about $49,000. Institutional investors own 87.24% of the company's stock.
Evergy Stock Up 1.6 %
NASDAQ:EVRG traded up $1.07 during trading hours on Monday, reaching $67.59. 2,019,520 shares of the company traded hands, compared to its average volume of 1,950,059. The stock has a market capitalization of $15.55 billion, a P/E ratio of 18.27, a P/E/G ratio of 2.82 and a beta of 0.52. The business's 50-day moving average price is $66.94 and its two-hundred day moving average price is $63.75. Evergy, Inc. has a 1 year low of $49.55 and a 1 year 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 earnings results on Thursday, February 27th. The company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $1.24 billion. Analysts predict that Evergy, Inc. will post 3.83 earnings per share for the current year.
Evergy Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a $0.6675 dividend. The ex-dividend date was Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.95%. Evergy's dividend payout ratio (DPR) is presently 70.45%.
Wall Street Analysts Forecast Growth
EVRG has been the subject of a number of recent analyst reports. UBS Group increased 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. Barclays boosted their price target on shares of Evergy from $62.00 to $72.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Guggenheim upgraded Evergy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Finally, LADENBURG THALM/SH SH upgraded shares of Evergy to a "strong-buy" rating in a research note on Monday, March 17th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $69.08.
Get Our Latest Analysis on Evergy
Evergy Profile
(
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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