Deutsche Bank AG Cuts Position in Evergy, Inc. (NYSE:EVRG)

Deutsche Bank AG lessened its holdings in Evergy, Inc. (NYSE:EVRGGet Rating) by 17.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 415,751 shares of the company’s stock after selling 87,967 shares during the quarter. Deutsche Bank AG owned about 0.18% of Evergy worth $27,127,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of EVRG. SouthState Corp purchased a new stake in shares of Evergy during the first quarter valued at approximately $103,000. First Horizon Advisors Inc. grew its holdings in shares of Evergy by 282.9% during the second quarter. First Horizon Advisors Inc. now owns 1,145 shares of the company’s stock valued at $74,000 after buying an additional 846 shares during the last quarter. State of Michigan Retirement System grew its holdings in shares of Evergy by 10.4% during the second quarter. State of Michigan Retirement System now owns 70,981 shares of the company’s stock valued at $4,632,000 after buying an additional 6,700 shares during the last quarter. Profund Advisors LLC grew its holdings in shares of Evergy by 8.1% during the first quarter. Profund Advisors LLC now owns 10,672 shares of the company’s stock valued at $729,000 after buying an additional 801 shares during the last quarter. Finally, ARGI Investment Services LLC grew its holdings in shares of Evergy by 19.5% during the second quarter. ARGI Investment Services LLC now owns 20,202 shares of the company’s stock valued at $1,318,000 after buying an additional 3,296 shares during the last quarter. Hedge funds and other institutional investors own 84.37% of the company’s stock.

Evergy Stock Down 1.5 %

EVRG opened at $58.33 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.35 and a debt-to-equity ratio of 0.96. Evergy, Inc. has a 1-year low of $54.12 and a 1-year high of $73.13. The company has a market capitalization of $13.39 billion, a PE ratio of 16.86, a PEG ratio of 3.15 and a beta of 0.53. The firm’s 50 day simple moving average is $60.33 and its two-hundred day simple moving average is $64.86.

Evergy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 20th. Stockholders of record on Friday, November 18th will be paid a $0.6125 dividend. The ex-dividend date of this dividend is Thursday, November 17th. This is a boost from Evergy’s previous quarterly dividend of $0.57. This represents a $2.45 dividend on an annualized basis and a dividend yield of 4.20%. Evergy’s dividend payout ratio is 70.81%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on EVRG shares. Guggenheim cut their price target on shares of Evergy from $77.00 to $64.00 in a report on Monday, October 24th. Wells Fargo & Company lowered their price objective on shares of Evergy from $72.00 to $63.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 19th. UBS Group lowered their price objective on shares of Evergy to $65.00 in a research report on Monday. Credit Suisse Group lowered their price objective on shares of Evergy from $68.00 to $61.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 12th. Finally, Bank of America downgraded shares of Evergy from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $64.00 to $54.00 in a research report on Wednesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, Evergy currently has a consensus rating of “Hold” and a consensus target price of $63.17.

Evergy Company Profile

(Get Rating)

Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Kansas and Missouri, the United States. It generates electricity through coal, hydroelectric, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources.

Featured Stories

Institutional Ownership by Quarter for Evergy (NYSE:EVRG)

Receive News & Ratings for Evergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evergy and related companies with MarketBeat.com's FREE daily email newsletter.