Cerity Partners LLC Decreases Stock Position in Evergy, Inc. (NYSE:EVRG)

Cerity Partners LLC lessened its position in shares of Evergy, Inc. (NYSE:EVRG) by 22.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,319 shares of the company’s stock after selling 17,136 shares during the period. Cerity Partners LLC’s holdings in Evergy were worth $3,149,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its holdings in shares of Evergy by 1.3% in the first quarter. PNC Financial Services Group Inc. now owns 14,198 shares of the company’s stock worth $969,000 after acquiring an additional 179 shares during the period. Verity Asset Management Inc. boosted its stake in Evergy by 4.7% in the 2nd quarter. Verity Asset Management Inc. now owns 4,206 shares of the company’s stock worth $246,000 after purchasing an additional 188 shares during the period. Atwood & Palmer Inc. grew its holdings in Evergy by 30.5% during the 4th quarter. Atwood & Palmer Inc. now owns 855 shares of the company’s stock valued at $45,000 after buying an additional 200 shares in the last quarter. IFM Investors Pty Ltd increased its position in shares of Evergy by 0.3% during the fourth quarter. IFM Investors Pty Ltd now owns 73,111 shares of the company’s stock valued at $3,816,000 after buying an additional 206 shares during the period. Finally, Raleigh Capital Management Inc. lifted its holdings in shares of Evergy by 4.0% in the third quarter. Raleigh Capital Management Inc. now owns 5,531 shares of the company’s stock worth $280,000 after buying an additional 211 shares in the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on EVRG shares. Wells Fargo & Company reduced their price objective on shares of Evergy from $60.00 to $57.00 and set an “overweight” rating for the company in a research note on Friday, March 1st. Barclays lifted their price target on Evergy from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. Guggenheim lowered Evergy from a “buy” rating to a “neutral” rating and set a $52.00 price objective for the company. in a report on Monday, January 22nd. LADENBURG THALM/SH SH started coverage on shares of Evergy in a research note on Thursday, April 4th. They issued a “neutral” rating and a $51.00 target price on the stock. Finally, Bank of America raised shares of Evergy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $51.00 to $57.00 in a research note on Wednesday, March 13th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $56.00.

Evergy Price Performance

Shares of Evergy stock opened at $50.53 on Thursday. The business’s 50-day moving average price is $51.03 and its 200-day moving average price is $50.86. The firm has a market capitalization of $11.61 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 2.62 and a beta of 0.57. Evergy, Inc. has a 12 month low of $46.92 and a 12 month high of $63.84. The company has a current ratio of 0.51, a quick ratio of 0.29 and a debt-to-equity ratio of 1.14.

Evergy (NYSE:EVRG) last posted its quarterly 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 return on equity of 8.47% and a net margin of 13.28%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period last year, the business posted $0.30 earnings per share. Sell-side analysts forecast that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 11th were paid a $0.6425 dividend. This represents a $2.57 annualized dividend and a yield of 5.09%. The ex-dividend date was Friday, March 8th. Evergy’s dividend payout ratio is presently 80.82%.

Evergy 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.