Leeward Investments LLC MA Trims Stake in Evergy, Inc. (NYSE:EVRG)

Leeward Investments LLC MA lessened its holdings in shares of Evergy, Inc. (NYSE:EVRG) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 164,810 shares of the company’s stock after selling 4,446 shares during the quarter. Leeward Investments LLC MA owned approximately 0.07% of Evergy worth $8,603,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in EVRG. Exchange Traded Concepts LLC lifted its stake in shares of Evergy by 3.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 10,457 shares of the company’s stock worth $530,000 after purchasing an additional 311 shares during the period. Caprock Group LLC increased its holdings in shares of Evergy by 4.0% during the 3rd quarter. Caprock Group LLC now owns 5,751 shares of the company’s stock worth $292,000 after buying an additional 222 shares during the last quarter. Czech National Bank increased its holdings in shares of Evergy by 47.7% during the 3rd quarter. Czech National Bank now owns 40,147 shares of the company’s stock worth $2,035,000 after buying an additional 12,958 shares during the last quarter. Spirit of America Management Corp NY increased its holdings in shares of Evergy by 62.5% during the 3rd quarter. Spirit of America Management Corp NY now owns 1,300 shares of the company’s stock worth $66,000 after buying an additional 500 shares during the last quarter. Finally, Valeo Financial Advisors LLC acquired a new stake in shares of Evergy during the 3rd quarter worth $247,000. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Evergy Stock Down 1.4 %

Shares of Evergy stock traded down $0.73 during trading hours on Friday, hitting $51.69. 1,191,583 shares of the company’s stock traded hands, compared to its average volume of 2,531,154. 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, Inc. has a twelve month low of $46.92 and a twelve month high of $63.39. The stock has a 50 day simple moving average of $51.36 and a 200-day simple moving average of $50.99. The company has a market cap of $11.88 billion, a PE ratio of 16.25, a PEG ratio of 2.73 and a beta of 0.57.

Evergy (NYSE:EVRG) last issued 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). Evergy had a return on equity of 8.47% and a net margin of 13.28%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the previous year, the business posted $0.30 EPS. Equities research analysts anticipate 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. Shareholders of record on Monday, March 11th were issued a $0.6425 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $2.57 dividend on an annualized basis and a yield of 4.97%. Evergy’s dividend payout ratio is currently 80.82%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on EVRG shares. Bank of America upgraded Evergy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $51.00 to $57.00 in a report on Wednesday, March 13th. Barclays increased their price target on Evergy from $54.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, March 14th. LADENBURG THALM/SH SH assumed coverage on Evergy in a report on Thursday, April 4th. They issued a “neutral” rating and a $51.00 price target for the company. Wells Fargo & Company lowered their price target on Evergy from $60.00 to $57.00 and set an “overweight” rating for the company in a report on Friday, March 1st. Finally, Citigroup assumed coverage on Evergy in a report on Tuesday, March 26th. They issued a “buy” rating and a $64.00 price target for the company. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Evergy has an average rating of “Moderate Buy” and a consensus price target 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.