Evergy, Inc. (NYSE:EVRG) Shares Acquired by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC increased its stake in Evergy, Inc. (NYSE:EVRG) by 7.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,573 shares of the company’s stock after acquiring an additional 300 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Evergy were worth $244,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. CVA Family Office LLC purchased a new position in Evergy during the 4th quarter worth approximately $29,000. Hexagon Capital Partners LLC grew its holdings 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 in the last quarter. MV Capital Management Inc. raised its position in Evergy by 3,263.6% during the fourth quarter. MV Capital Management Inc. now owns 740 shares of the company’s stock valued at $39,000 after buying an additional 718 shares during the period. Headinvest LLC purchased a new stake in Evergy in the 3rd quarter worth about $40,000. Finally, Parkside Financial Bank & Trust boosted its position in Evergy by 105.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 785 shares of the company’s stock worth $41,000 after acquiring an additional 403 shares during the period. 87.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Evergy Stock Performance

Shares of NYSE EVRG opened at $52.97 on Friday. The business’s 50-day simple moving average is $53.63 and its 200-day simple moving average is $52.16. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.32 and a current ratio of 0.57. Evergy, Inc. has a 52 week low of $46.92 and a 52 week high of $61.84. The firm has a market cap of $12.18 billion, a price-to-earnings ratio of 17.14, a P/E/G ratio of 2.77 and a beta of 0.60.

Evergy (NYSE:EVRG) last released 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 during the quarter, compared to the consensus estimate of $1.35 billion. Evergy had a net margin of 12.84% and a return on equity of 8.32%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 EPS. As a group, equities research analysts expect that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Monday, May 20th were paid a $0.6425 dividend. The ex-dividend date was Friday, May 17th. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.85%. Evergy’s payout ratio is presently 83.17%.

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.