Russell Investments Group Ltd. Has $10.76 Million Position in Evergy, Inc. (NYSE:EVRG)

Russell Investments Group Ltd. lowered its holdings in shares of Evergy, Inc. (NYSE:EVRG) by 21.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 206,180 shares of the company’s stock after selling 55,162 shares during the quarter. Russell Investments Group Ltd.’s holdings in Evergy were worth $10,763,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. CVA Family Office LLC acquired a new stake in shares of Evergy during the fourth quarter worth about $29,000. Itau Unibanco Holding S.A. acquired a new stake in Evergy in the 3rd quarter valued at approximately $35,000. MV Capital Management Inc. raised its position in Evergy by 3,263.6% in the 4th quarter. MV Capital Management Inc. now owns 740 shares of the company’s stock valued at $39,000 after buying an additional 718 shares during the last quarter. Parkside Financial Bank & Trust raised its position in Evergy by 105.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 785 shares of the company’s stock valued at $41,000 after buying an additional 403 shares during the last quarter. Finally, Headinvest LLC acquired a new stake in Evergy in the 3rd quarter valued at approximately $40,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Stock Up 1.0 %

NYSE:EVRG opened at $54.10 on Monday. The firm has a market capitalization of $12.43 billion, a price-to-earnings ratio of 17.01, a price-to-earnings-growth ratio of 2.82 and a beta of 0.57. Evergy, Inc. has a twelve month low of $46.92 and a twelve month high of $63.39. The stock’s 50 day moving average price is $51.68 and its two-hundred day moving average price is $51.14. The company has a quick ratio of 0.29, a current ratio of 0.51 and a debt-to-equity ratio of 1.14.

Evergy (NYSE:EVRG) last issued 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 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 the consensus estimate of $1.46 billion. During the same quarter in the prior year, the firm posted $0.30 earnings per share. Equities research analysts expect that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.

Evergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were paid a dividend of $0.6425 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $2.57 annualized dividend and a dividend yield of 4.75%. Evergy’s dividend payout ratio is currently 80.82%.

Analyst Upgrades and Downgrades

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

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.