New Century Financial Group LLC Sells 710 Shares of Evergy, Inc. (NYSE:EVRG)

New Century Financial Group LLC trimmed its position in shares of Evergy, Inc. (NYSE:EVRG) by 13.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,395 shares of the company’s stock after selling 710 shares during the quarter. New Century Financial Group LLC’s holdings in Evergy were worth $235,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Uncommon Cents Investing LLC acquired a new stake in Evergy during the 1st quarter worth $218,000. First Trust Direct Indexing L.P. raised its position in shares of Evergy by 71.2% during the first quarter. First Trust Direct Indexing L.P. now owns 7,433 shares of the company’s stock worth $397,000 after purchasing an additional 3,092 shares during the period. Tradewinds Capital Management LLC bought a new position in shares of Evergy during the 1st quarter valued at about $96,000. SeaCrest Wealth Management LLC grew its position in shares of Evergy by 6.7% in the 1st quarter. SeaCrest Wealth Management LLC now owns 16,943 shares of the company’s stock valued at $904,000 after purchasing an additional 1,062 shares during the period. Finally, Wasatch Advisors LP bought a new stake in Evergy during the 1st quarter worth approximately $3,393,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Stock Performance

Shares of EVRG stock opened at $52.46 on Friday. 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 company has a fifty day moving average price of $53.65 and a two-hundred day moving average price of $52.16. The stock has a market cap of $12.06 billion, a P/E ratio of 16.98, a P/E/G ratio of 2.73 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:EVRG) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.07). The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.35 billion. Evergy had a return on equity of 8.32% and a net margin of 12.84%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the firm earned $0.59 earnings per share. As a group, equities analysts predict that Evergy, Inc. will post 3.85 EPS for the current year.

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Monday, May 20th were given a dividend of $0.6425 per share. The ex-dividend date of this dividend was Friday, May 17th. This represents a $2.57 annualized dividend and a yield of 4.90%. Evergy’s dividend payout ratio (DPR) is presently 83.17%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on EVRG shares. Wells Fargo & Company lifted their price target on shares of Evergy from $57.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, May 10th. Barclays boosted their price target on 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 began coverage on Evergy in a research report on Thursday, April 4th. They issued a “neutral” rating and a $51.00 target price on the stock. Bank of America raised shares of Evergy from a “neutral” rating to a “buy” rating and raised their target price for the company from $51.00 to $57.00 in a research report on Wednesday, March 13th. Finally, 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 target on the stock. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $57.83.

Evergy Company 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.