Russell Investments Group Ltd. Sells 146,065 Shares of Evergy, Inc. (NASDAQ:EVRG)

Russell Investments Group Ltd. lowered its holdings in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 30.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 333,974 shares of the company's stock after selling 146,065 shares during the quarter. Russell Investments Group Ltd. owned about 0.15% of Evergy worth $20,556,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lee Danner & Bass Inc. bought a new stake in Evergy during the fourth quarter worth $26,000. National Pension Service bought a new position in shares of Evergy during the fourth quarter valued at about $30,000. Bank of Jackson Hole Trust purchased a new position in Evergy during the fourth quarter worth about $31,000. Sandy Spring Bank grew its position in Evergy by 5,983.3% in the 4th quarter. Sandy Spring Bank now owns 730 shares of the company's stock worth $45,000 after purchasing an additional 718 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in Evergy in the 4th quarter valued at about $49,000. Institutional investors own 87.24% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on EVRG shares. Barclays upped their target price on Evergy from $62.00 to $72.00 and gave the company an "overweight" rating in a report on Friday, March 7th. Guggenheim raised Evergy from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. UBS Group boosted their price target on shares of Evergy from $66.00 to $68.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Finally, LADENBURG THALM/SH SH upgraded shares of Evergy to a "strong-buy" rating in a report on Monday, March 17th. 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 company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $69.08.

Remove Ads

Evergy Stock Performance

Shares of NASDAQ EVRG traded up $0.98 during trading on Monday, reaching $67.50. 693,541 shares of the stock traded hands, compared to its average volume of 1,944,880. 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 stock has a market capitalization of $15.53 billion, a P/E ratio of 18.24, a price-to-earnings-growth ratio of 2.82 and a beta of 0.52. Evergy, Inc. has a 52-week low of $49.55 and a 52-week high of $70.30. The company has a 50-day moving average of $66.94 and a 200-day moving average of $63.75.

Evergy (NASDAQ:EVRG - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.11). The business had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.24 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. Analysts forecast that Evergy, Inc. will post 3.83 EPS for the current fiscal year.

Evergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a $0.6675 dividend. The ex-dividend date was Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a yield of 3.96%. Evergy's dividend payout ratio is 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.