Oak Thistle LLC Sells 31,850 Shares of Evergy, Inc. (NYSE:EVRG)

Oak Thistle LLC lessened its stake in shares of Evergy, Inc. (NYSE:EVRGFree Report) by 75.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 10,421 shares of the company’s stock after selling 31,850 shares during the period. Oak Thistle LLC’s holdings in Evergy were worth $544,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Red Tortoise LLC raised its holdings in Evergy by 793.5% during the first quarter. Red Tortoise LLC now owns 411 shares of the company’s stock worth $25,000 after acquiring an additional 365 shares in the last quarter. Clear Street Markets LLC raised its holdings in Evergy by 92.7% during the first quarter. Clear Street Markets LLC now owns 451 shares of the company’s stock worth $28,000 after acquiring an additional 217 shares in the last quarter. CVA Family Office LLC bought a new stake in Evergy during the fourth quarter worth about $29,000. Armstrong Advisory Group Inc. raised its holdings in Evergy by 57.2% during the third quarter. Armstrong Advisory Group Inc. now owns 632 shares of the company’s stock worth $32,000 after acquiring an additional 230 shares in the last quarter. Finally, Itau Unibanco Holding S.A. bought a new stake in Evergy during the third quarter worth about $35,000. Institutional investors own 87.24% of the company’s stock.

Evergy Price Performance

Evergy stock opened at $52.72 on Thursday. Evergy, Inc. has a 12 month low of $46.92 and a 12 month high of $63.93. The stock’s 50 day moving average is $50.79 and its 200-day moving average is $50.94. The company has a current ratio of 0.51, a quick ratio of 0.29 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $12.11 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 2.42 and a beta of 0.57.

Evergy (NYSE:EVRGGet Free Report) last posted its earnings results on Thursday, February 29th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.03). Evergy had a net margin of 13.28% and a return on equity of 8.47%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period in the previous year, the company posted $0.30 EPS. Equities research analysts expect that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were given a $0.6425 dividend. This represents a $2.57 annualized dividend and a dividend yield of 4.87%. The ex-dividend date of this dividend was Friday, March 8th. Evergy’s payout ratio is 80.82%.

Analyst Ratings Changes

Several analysts recently issued reports on EVRG shares. Barclays upped their target price on Evergy from $54.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, March 14th. Wells Fargo & Company dropped their price objective on Evergy from $60.00 to $57.00 and set an “overweight” rating on the stock in a research note on Friday, March 1st. Citigroup initiated coverage on Evergy in a research note on Tuesday, March 26th. They issued a “buy” rating and a $64.00 price objective on the stock. Bank of America upgraded Evergy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $51.00 to $57.00 in a research note on Wednesday, March 13th. Finally, Guggenheim lowered Evergy from a “buy” rating to a “neutral” rating and set a $52.00 price objective on the stock. in a research note on Monday, January 22nd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Evergy currently has an average rating of “Moderate Buy” and a consensus price target of $57.00.

Check Out Our Latest Report on EVRG

Evergy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Evergy (NYSE:EVRG)

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