Janney Montgomery Scott LLC Grows Stake in Evergy, Inc. (NYSE:EVRG)

Janney Montgomery Scott LLC raised its stake in Evergy, Inc. (NYSE:EVRGGet Rating) by 3.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,087 shares of the company’s stock after acquiring an additional 381 shares during the period. Janney Montgomery Scott LLC’s holdings in Evergy were worth $659,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Hexagon Capital Partners LLC grew its stake in shares of Evergy by 227.8% in the third quarter. Hexagon Capital Partners LLC now owns 413 shares of the company’s stock worth $25,000 after acquiring an additional 287 shares during the last quarter. Private Trust Co. NA purchased a new stake in shares of Evergy in the second quarter worth $28,000. Baystate Wealth Management LLC lifted its holdings in shares of Evergy by 135.7% during the second quarter. Baystate Wealth Management LLC now owns 436 shares of the company’s stock valued at $29,000 after purchasing an additional 251 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of Evergy during the second quarter valued at $31,000. Finally, CoreCap Advisors LLC bought a new position in shares of Evergy during the second quarter valued at $32,000. 83.84% of the stock is owned by hedge funds and other institutional investors.

Evergy Stock Up 0.7 %

EVRG stock opened at $59.64 on Friday. Evergy, Inc. has a fifty-two week low of $54.12 and a fifty-two week high of $73.13. The business’s 50-day moving average is $61.32 and its two-hundred day moving average is $63.57. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.35 and a current ratio of 0.52. The company has a market cap of $13.69 billion, a price-to-earnings ratio of 17.24, a P/E/G ratio of 3.25 and a beta of 0.48.

Evergy (NYSE:EVRGGet Rating) last posted its quarterly earnings data on Friday, November 4th. The company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.89 by $0.12. Evergy had a return on equity of 8.89% and a net margin of 14.01%. The firm had revenue of $1.91 billion for the quarter. As a group, analysts forecast that Evergy, Inc. will post 3.58 earnings per share for the current year.

Evergy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 20th. Stockholders of record on Friday, November 18th were paid a $0.6125 dividend. The ex-dividend date of this dividend was Thursday, November 17th. This represents a $2.45 annualized dividend and a dividend yield of 4.11%. This is an increase from Evergy’s previous quarterly dividend of $0.57. Evergy’s dividend payout ratio (DPR) is 70.81%.

Wall Street Analysts Forecast Growth

EVRG has been the topic of a number of research analyst reports. Wells Fargo & Company upped their price target on Evergy to $69.00 in a report on Wednesday, December 14th. UBS Group lowered their price target on Evergy to $65.00 in a report on Monday, November 21st. Guggenheim lowered their price target on Evergy from $77.00 to $64.00 in a report on Monday, October 24th. Seaport Res Ptn downgraded Evergy from a “buy” rating to a “neutral” rating in a report on Monday, November 21st. Finally, Bank of America downgraded Evergy from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $64.00 to $54.00 in a report on Wednesday, November 23rd. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $61.80.

About Evergy

(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.

See Also

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Institutional Ownership by Quarter for Evergy (NYSE:EVRG)

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