Los Angeles Capital Management LLC Sells 112,682 Shares of Evergy, Inc. (NASDAQ:EVRG)

Los Angeles Capital Management LLC trimmed its stake in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 14.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 654,124 shares of the company's stock after selling 112,682 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.28% of Evergy worth $40,261,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in EVRG. Pathway Financial Advisers LLC increased its position in Evergy by 6,854.6% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,539,001 shares of the company's stock worth $157,443,000 after purchasing an additional 2,502,493 shares in the last quarter. Mizuho Securities USA LLC increased its position in Evergy by 7,234.3% in the 3rd quarter. Mizuho Securities USA LLC now owns 1,300,000 shares of the company's stock valued at $80,613,000 after acquiring an additional 1,282,275 shares during the period. FMR LLC increased its position in Evergy by 131.4% in the 3rd quarter. FMR LLC now owns 2,004,414 shares of the company's stock valued at $124,294,000 after acquiring an additional 1,138,138 shares during the period. SG Americas Securities LLC increased its position in Evergy by 15,406.4% in the 4th quarter. SG Americas Securities LLC now owns 921,546 shares of the company's stock valued at $56,721,000 after acquiring an additional 915,603 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Evergy by 42.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,135,011 shares of the company's stock valued at $132,392,000 after acquiring an additional 634,735 shares during the period. 87.24% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

EVRG has been the subject of several recent research reports. Guggenheim upgraded shares of Evergy from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Barclays decreased their price target on shares of Evergy from $65.00 to $62.00 and set an "overweight" rating for the company in a research report on Monday, January 27th. Finally, LADENBURG THALM/SH SH upgraded shares of Evergy from a "neutral" rating to a "buy" rating and upped their price target for the company from $59.00 to $68.50 in a research report on Thursday, January 2nd. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $65.36.

Evergy Trading Up 0.5 %

Shares of EVRG traded up $0.35 during trading hours on Friday, hitting $68.91. 3,432,557 shares of the stock were exchanged, compared to its average volume of 1,937,666. Evergy, Inc. has a fifty-two week low of $48.60 and a fifty-two week high of $69.90. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32. The business has a 50-day moving average of $63.85 and a 200-day moving average of $62.12. The firm has a market capitalization of $15.85 billion, a P/E ratio of 18.62, a price-to-earnings-growth ratio of 2.82 and a beta of 0.66.

Evergy (NASDAQ:EVRG - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. On average, research analysts expect that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Announces Dividend

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 paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend is Monday, March 10th. Evergy's dividend payout ratio is presently 70.45%.

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.