Wealthcare Advisory Partners LLC Purchases New Position in Evergy, Inc. (NYSE:EVRG)

Wealthcare Advisory Partners LLC acquired a new stake in Evergy, Inc. (NYSE:EVRGFree Report) in the first quarter, according to its most recent filing with the SEC. The fund acquired 5,874 shares of the company’s stock, valued at approximately $314,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. CVA Family Office LLC purchased a new position in shares of Evergy in the fourth quarter valued at $29,000. Hexagon Capital Partners LLC increased its position in shares of Evergy by 222.2% during the fourth quarter. Hexagon Capital Partners LLC now owns 667 shares of the company’s stock valued at $35,000 after buying an additional 460 shares during the period. MV Capital Management Inc. lifted its holdings in shares of Evergy by 3,263.6% in the fourth quarter. MV Capital Management Inc. now owns 740 shares of the company’s stock worth $39,000 after buying an additional 718 shares in the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Evergy by 105.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 785 shares of the company’s stock valued at $41,000 after acquiring an additional 403 shares during the period. Finally, Northwest Financial Advisors purchased a new position in Evergy during the fourth quarter valued at approximately $42,000. Institutional investors own 87.24% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on EVRG. Barclays raised their price target on shares of Evergy from $56.00 to $61.00 and gave the company an “overweight” rating in a report on Tuesday, May 14th. LADENBURG THALM/SH SH initiated 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. Wells Fargo & Company boosted their price target on shares of Evergy from $57.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday, May 10th. Citigroup started coverage on shares of Evergy in a research report on Tuesday, March 26th. They set a “buy” rating and a $64.00 price objective on the stock. Finally, Bank of America upgraded shares of Evergy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $51.00 to $57.00 in a research report on Wednesday, March 13th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $57.83.

Check Out Our Latest Analysis on Evergy

Evergy Price Performance

Shares of Evergy stock opened at $52.97 on Monday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.57 and a quick ratio of 0.32. The business’s 50 day simple moving average is $53.63 and its two-hundred day simple moving average is $52.15. The stock has a market capitalization of $12.18 billion, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 2.76 and a beta of 0.60. Evergy, Inc. has a one year low of $46.92 and a one year high of $61.84.

Evergy (NYSE:EVRGGet Free Report) last posted its earnings results on Thursday, May 9th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.07). The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Evergy had a net margin of 12.84% and a return on equity of 8.32%. Evergy’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the firm posted $0.59 earnings per share. Analysts forecast that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Monday, May 20th were issued a $0.6425 dividend. This represents a $2.57 annualized dividend and a yield of 4.85%. The ex-dividend date was Friday, May 17th. Evergy’s dividend payout ratio (DPR) is 83.17%.

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.

Further Reading

Institutional Ownership by Quarter for Evergy (NYSE:EVRG)

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