Thompson Siegel & Walmsley LLC Decreases Position in Evergy, Inc. (NASDAQ:EVRG)

Thompson Siegel & Walmsley LLC trimmed its position in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,714,385 shares of the company's stock after selling 95,737 shares during the quarter. Evergy makes up about 1.6% of Thompson Siegel & Walmsley LLC's investment portfolio, making the stock its 5th biggest position. Thompson Siegel & Walmsley LLC owned 0.75% of Evergy worth $105,520,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of EVRG. Principal Financial Group Inc. lifted its holdings in Evergy by 7.2% in the third quarter. Principal Financial Group Inc. now owns 278,197 shares of the company's stock valued at $17,251,000 after buying an additional 18,595 shares during the period. Venturi Wealth Management LLC grew its position in Evergy by 230.0% in the third quarter. Venturi Wealth Management LLC now owns 1,386 shares of the company's stock valued at $86,000 after purchasing an additional 966 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in Evergy by 2.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 515,306 shares of the company's stock valued at $31,954,000 after purchasing an additional 14,383 shares in the last quarter. Prime Capital Investment Advisors LLC grew its position in Evergy by 40.3% in the third quarter. Prime Capital Investment Advisors LLC now owns 10,138 shares of the company's stock valued at $629,000 after purchasing an additional 2,910 shares in the last quarter. Finally, Empower Advisory Group LLC grew its position in shares of Evergy by 3.9% in the 3rd quarter. Empower Advisory Group LLC now owns 1,147,525 shares of the company's stock valued at $71,158,000 after acquiring an additional 42,829 shares during the period. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Evergy Trading Up 1.1 %

EVRG opened at $66.30 on Thursday. Evergy, Inc. has a fifty-two week low of $49.55 and a fifty-two week high of $69.93. 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 firm has a market capitalization of $15.25 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 2.82 and a beta of 0.62. The company's 50 day moving average price is $64.80 and its two-hundred day moving average price is $62.67.

Remove Ads

Evergy (NASDAQ:EVRG - Get Free Report) last released its 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). 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 analyst estimates of $1.24 billion. As a group, research analysts predict that Evergy, Inc. will post 3.83 earnings per share for the current year.

Evergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be issued a dividend of $0.6675 per share. The ex-dividend date is Monday, March 10th. This represents a $2.67 annualized dividend and a yield of 4.03%. Evergy's payout ratio is 70.45%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Guggenheim upgraded shares of Evergy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Barclays raised their target price on shares of Evergy from $62.00 to $72.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. Finally, LADENBURG THALM/SH SH upgraded shares of Evergy from a "neutral" rating to a "buy" rating and raised their target price for the stock from $59.00 to $68.50 in a research note on Thursday, January 2nd. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $66.79.

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.

Want to see what other hedge funds are holding EVRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Evergy, Inc. (NASDAQ:EVRG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.