Evergy, Inc. (NASDAQ:EVRG) Holdings Lifted by Farther Finance Advisors LLC

Farther Finance Advisors LLC raised its stake in shares of Evergy, Inc. (NASDAQ:EVRG) by 124.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,068 shares of the company’s stock after buying an additional 3,363 shares during the period. Farther Finance Advisors LLC’s holdings in Evergy were worth $419,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Park Avenue Securities LLC lifted its position in shares of Evergy by 14.8% in the first quarter. Park Avenue Securities LLC now owns 8,966 shares of the company’s stock worth $618,000 after buying an additional 1,156 shares during the last quarter. LexAurum Advisors LLC bought a new position in shares of Evergy during the 1st quarter worth about $242,000. Gateway Investment Advisers LLC boosted its position in shares of Evergy by 21.5% during the 1st quarter. Gateway Investment Advisers LLC now owns 67,245 shares of the company’s stock valued at $4,637,000 after acquiring an additional 11,904 shares in the last quarter. SeaCrest Wealth Management LLC increased its stake in Evergy by 3.9% in the first quarter. SeaCrest Wealth Management LLC now owns 14,109 shares of the company’s stock valued at $973,000 after acquiring an additional 534 shares during the period. Finally, Davis Capital Management increased its stake in Evergy by 47.9% in the first quarter. Davis Capital Management now owns 16,340 shares of the company’s stock valued at $1,127,000 after acquiring an additional 5,292 shares during the period. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Evergy Trading Down 1.1%

Evergy stock opened at $67.21 on Tuesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32. The firm has a 50-day moving average of $67.03 and a 200-day moving average of $65.47. The company has a market cap of $15.46 billion, a price-to-earnings ratio of 18.16, a P/E/G ratio of 2.82 and a beta of 0.49. Evergy, Inc. has a one year low of $52.10 and a one year high of $70.36.

Evergy (NASDAQ:EVRG) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.12). Evergy had a net margin of 14.77% and a return on equity of 8.77%. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the business earned $0.54 earnings per share. On average, equities analysts expect that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 23rd will be given a $0.6675 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.97%. Evergy’s payout ratio is 70.26%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. LADENBURG THALM/SH SH raised Evergy to a “strong-buy” rating in a report on Thursday, May 8th. Wall Street Zen lowered shares of Evergy from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. BMO Capital Markets initiated coverage on Evergy in a research note on Tuesday, May 13th. They issued an “outperform” rating and a $75.00 target price for the company. Barclays lowered their price objective on Evergy from $73.00 to $71.00 and set an “overweight” rating for the company in a research report on Friday, May 30th. Finally, Citigroup upped their target price on shares of Evergy from $77.00 to $79.00 and gave the company a “buy” rating in a research report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $73.19.

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.