Evergy, Inc. (NYSE:EVRG) Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC lowered its position in Evergy, Inc. (NYSE:EVRG) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,410 shares of the company’s stock after selling 244 shares during the quarter. New York Life Investment Management LLC’s holdings in Evergy were worth $1,692,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. raised its stake in shares of Evergy by 0.5% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 51,316 shares of the company’s stock valued at $2,602,000 after purchasing an additional 277 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Evergy by 0.5% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 60,297 shares of the company’s stock valued at $3,057,000 after acquiring an additional 325 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Evergy by 19.9% during the third quarter. Bank of New York Mellon Corp now owns 2,548,598 shares of the company’s stock valued at $129,214,000 after acquiring an additional 422,152 shares during the period. Mackenzie Financial Corp raised its holdings in Evergy by 5.4% during the third quarter. Mackenzie Financial Corp now owns 229,972 shares of the company’s stock worth $11,269,000 after purchasing an additional 11,790 shares in the last quarter. Finally, Strs Ohio raised its holdings in Evergy by 12.8% during the third quarter. Strs Ohio now owns 32,700 shares of the company’s stock worth $1,657,000 after purchasing an additional 3,723 shares in the last quarter. Institutional investors own 87.24% of the company’s stock.

Evergy Stock Performance

Shares of EVRG stock opened at $53.96 on Tuesday. Evergy, Inc. has a fifty-two week low of $46.92 and a fifty-two week high of $63.39. The stock’s 50-day moving average is $51.77 and its two-hundred day moving average is $51.18. 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 cap of $12.40 billion, a P/E ratio of 16.97, a PEG ratio of 2.82 and a beta of 0.57.

Evergy (NYSE:EVRG) last announced 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). The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.46 billion. Evergy had a net margin of 13.28% and a return on equity of 8.47%. During the same period in the previous year, the firm posted $0.30 EPS. Analysts predict that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were issued a dividend of $0.6425 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.76%. Evergy’s dividend payout ratio is currently 80.82%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. 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. Wells Fargo & Company dropped their price target on shares of Evergy from $60.00 to $57.00 and set an “overweight” rating on the stock in a research report on Friday, March 1st. Citigroup began coverage on shares of Evergy in a report on Tuesday, March 26th. They issued a “buy” rating and a $64.00 price target for the company. Guggenheim downgraded shares of Evergy from a “buy” rating to a “neutral” rating and set a $52.00 target price on the stock. in a report on Monday, January 22nd. Finally, LADENBURG THALM/SH SH initiated coverage on Evergy in a research report on Thursday, April 4th. They set a “neutral” rating and a $51.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $56.00.

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.