Evergy, Inc. (NASDAQ:EVRG) Shares Sold by Wealthfront Advisers LLC

Wealthfront Advisers LLC trimmed its stake in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 77.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,568 shares of the company's stock after selling 46,304 shares during the period. Wealthfront Advisers LLC's holdings in Evergy were worth $835,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. National Pension Service purchased a new position in shares of Evergy during the 4th quarter worth approximately $30,000. Bank of Jackson Hole Trust purchased a new position in shares of Evergy during the 4th quarter worth approximately $31,000. Truvestments Capital LLC purchased a new position in shares of Evergy during the 3rd quarter worth approximately $32,000. SBI Securities Co. Ltd. purchased a new position in shares of Evergy during the 4th quarter worth approximately $49,000. Finally, USA Financial Formulas purchased a new position in shares of Evergy during the 4th quarter worth approximately $73,000. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Evergy Stock Performance

EVRG traded up $0.66 on Wednesday, hitting $67.76. 1,714,898 shares of the company's stock were exchanged, compared to its average volume of 1,809,608. The stock has a fifty day moving average of $65.30 and a two-hundred day moving average of $62.93. Evergy, Inc. has a twelve month low of $49.55 and a twelve month high of $69.93. The firm has a market cap of $15.59 billion, a PE ratio of 18.31, a P/E/G ratio of 2.82 and a beta of 0.62. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15.

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

Evergy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.67 annualized dividend and a dividend yield of 3.94%. Evergy's payout ratio is currently 70.45%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Guggenheim raised shares of Evergy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Barclays lifted their target price on shares of Evergy from $62.00 to $72.00 and gave the company an "overweight" rating in a report on Friday, March 7th. Finally, LADENBURG THALM/SH SH raised shares of Evergy to a "strong-buy" rating in a research report on Monday. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Evergy has a consensus rating of "Buy" and an average target price of $68.42.

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.