LPL Financial LLC Lowers Stock Holdings in Evergy, Inc. (NASDAQ:EVRG)

LPL Financial LLC lowered its stake in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 7.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 163,785 shares of the company's stock after selling 12,653 shares during the quarter. LPL Financial LLC owned 0.07% of Evergy worth $10,081,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Lee Danner & Bass Inc. purchased a new position in shares of Evergy during the fourth quarter worth approximately $26,000. National Pension Service purchased a new position in Evergy in the 4th quarter worth $30,000. Bank of Jackson Hole Trust bought a new stake in Evergy in the fourth quarter worth $31,000. Sandy Spring Bank boosted its position in Evergy by 5,983.3% during the fourth quarter. Sandy Spring Bank now owns 730 shares of the company's stock valued at $45,000 after buying an additional 718 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in shares of Evergy during the fourth quarter valued at about $49,000. 87.24% of the stock is owned by institutional investors.

Evergy Trading Up 1.0 %

NASDAQ EVRG traded up $0.66 during trading on Wednesday, hitting $65.17. The company had a trading volume of 5,439,365 shares, compared to its average volume of 1,943,888. The company's fifty day moving average is $66.88 and its 200-day moving average is $63.68. Evergy, Inc. has a one year low of $49.55 and a one 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. The company has a market cap of $14.99 billion, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 2.82 and a beta of 0.52.

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Evergy (NASDAQ:EVRG - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.11). The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. On average, sell-side analysts predict that Evergy, Inc. will post 3.83 earnings per share for the current year.

Evergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were given a dividend of $0.6675 per share. The ex-dividend date was Monday, March 10th. This represents a $2.67 annualized dividend and a dividend yield of 4.10%. Evergy's dividend payout ratio is presently 70.45%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EVRG. Barclays raised their price target on Evergy from $62.00 to $72.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. Guggenheim upgraded shares of Evergy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. LADENBURG THALM/SH SH raised shares of Evergy to a "strong-buy" rating in a research note on Monday, March 17th. Finally, UBS Group increased their price target 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. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Evergy currently has a consensus rating of "Buy" and an average target price of $69.08.

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.