Teachers Retirement System of The State of Kentucky Decreases Holdings in Evergy, Inc. (NYSE:EVRG)

Teachers Retirement System of The State of Kentucky decreased its stake in Evergy, Inc. (NYSE:EVRG) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,744 shares of the company’s stock after selling 907 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Evergy were worth $1,031,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EVRG. CVA Family Office LLC bought a new position in Evergy during the fourth quarter worth about $29,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Evergy during the 3rd quarter valued at approximately $35,000. Hexagon Capital Partners LLC boosted its holdings in Evergy by 222.2% in the 4th quarter. Hexagon Capital Partners LLC now owns 667 shares of the company’s stock worth $35,000 after buying an additional 460 shares during the period. MV Capital Management Inc. grew its stake 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 in the last quarter. Finally, Headinvest LLC bought a new stake in Evergy during the 3rd quarter valued at $40,000. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Evergy Stock Down 0.4 %

Shares of NYSE:EVRG opened at $52.66 on Monday. The company has a current ratio of 0.57, a quick ratio of 0.32 and a debt-to-equity ratio of 1.21. The stock has a fifty day simple moving average of $53.38 and a two-hundred day simple moving average of $52.11. Evergy, Inc. has a 12-month low of $46.92 and a 12-month high of $61.84. The stock has a market capitalization of $12.11 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 2.75 and a beta of 0.60.

Evergy (NYSE:EVRG) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.07). The firm 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%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.59 EPS. On average, research analysts anticipate that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.

Evergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Monday, May 20th were issued a $0.6425 dividend. This represents a $2.57 annualized dividend and a dividend yield of 4.88%. The ex-dividend date of this dividend was Friday, May 17th. Evergy’s payout ratio is currently 83.17%.

Wall Street Analysts Forecast Growth

EVRG has been the subject of several analyst reports. Citigroup assumed coverage on Evergy in a research note on Tuesday, March 26th. They issued a “buy” rating and a $64.00 target price for the company. Bank of America raised shares of Evergy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $51.00 to $57.00 in a research note on Wednesday, March 13th. Wells Fargo & Company raised their price target on shares of Evergy from $57.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, May 10th. Barclays upped their price target on shares of Evergy from $56.00 to $61.00 and gave the stock an “overweight” rating in a report on Tuesday, May 14th. Finally, LADENBURG THALM/SH SH began coverage on Evergy in a research note on Thursday, April 4th. They set a “neutral” rating and a $51.00 price objective for the company. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $57.83.

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.