Sequoia Financial Advisors LLC Buys New Position in Evergy, Inc. (NYSE:EVRG)

Sequoia Financial Advisors LLC bought a new stake in Evergy, Inc. (NYSE:EVRG) in the fourth quarter, Holdings Channel reports. The fund bought 5,752 shares of the company’s stock, valued at approximately $300,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EVRG. Red Tortoise LLC boosted its position in shares of Evergy by 793.5% during the 1st quarter. Red Tortoise LLC now owns 411 shares of the company’s stock valued at $25,000 after purchasing an additional 365 shares in the last quarter. Clear Street Markets LLC boosted its position in shares of Evergy by 92.7% during the 1st quarter. Clear Street Markets LLC now owns 451 shares of the company’s stock valued at $28,000 after purchasing an additional 217 shares in the last quarter. CVA Family Office LLC bought a new position in shares of Evergy during the 4th quarter valued at about $29,000. Itau Unibanco Holding S.A. bought a new position in shares of Evergy during the 3rd quarter valued at about $35,000. Finally, Pacific Center for Financial Services bought a new position in shares of Evergy during the 1st quarter valued at about $37,000. Institutional investors own 87.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on EVRG. LADENBURG THALM/SH SH began coverage on shares of Evergy in a report on Thursday, April 4th. They issued a “neutral” rating and a $51.00 target price for the company. Citigroup began coverage on shares of Evergy in a report on Tuesday, March 26th. They issued a “buy” rating and a $64.00 target price for the company. Guggenheim cut shares of Evergy from a “buy” rating to a “neutral” rating and set a $52.00 target price for the company. in a report on Monday, January 22nd. Barclays raised their target price on shares of Evergy from $54.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, March 14th. Finally, Bank of America upgraded shares of Evergy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $51.00 to $57.00 in a report on Wednesday, March 13th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Evergy currently has an average rating of “Moderate Buy” and a consensus price target of $56.00.

Evergy Price Performance

NYSE EVRG opened at $50.96 on Friday. The company has a 50 day simple moving average of $51.08 and a 200-day simple moving average of $50.86. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.51 and a quick ratio of 0.29. The firm has a market capitalization of $11.71 billion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 2.58 and a beta of 0.57. Evergy, Inc. has a 52-week low of $46.92 and a 52-week high of $63.84.

Evergy (NYSE:EVRG) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Evergy had a return on equity of 8.47% and a net margin of 13.28%. During the same period last year, the company earned $0.30 earnings per share. Equities research analysts predict that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.

Evergy Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date of this dividend was Friday, March 8th. Evergy’s dividend payout ratio (DPR) is 80.82%.

About Evergy

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.