Evergy, Inc. (NASDAQ:EVRG) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. decreased its position in Evergy, Inc. (NASDAQ:EVRG) by 3.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 8,029 shares of the company’s stock after selling 264 shares during the period. Atria Wealth Solutions Inc.’s holdings in Evergy were worth $494,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Franklin Resources Inc. grew its holdings in Evergy by 5.5% during the 3rd quarter. Franklin Resources Inc. now owns 5,532,719 shares of the company’s stock valued at $330,469,000 after buying an additional 288,619 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in shares of Evergy by 25.8% during the third quarter. Point72 Asset Management L.P. now owns 2,848,735 shares of the company’s stock valued at $176,650,000 after acquiring an additional 583,923 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Evergy by 42.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,135,011 shares of the company’s stock worth $132,392,000 after purchasing an additional 634,735 shares in the last quarter. FMR LLC raised its stake in Evergy by 131.4% in the 3rd quarter. FMR LLC now owns 2,004,414 shares of the company’s stock valued at $124,294,000 after purchasing an additional 1,138,138 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. lifted its holdings in Evergy by 16.4% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,822,647 shares of the company’s stock valued at $113,022,000 after purchasing an additional 256,361 shares in the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Evergy Trading Down 0.8 %

Shares of EVRG opened at $68.56 on Friday. Evergy, Inc. has a twelve month low of $48.60 and a twelve month high of $69.90. The firm has a market capitalization of $15.77 billion, a P/E ratio of 18.53, a price-to-earnings-growth ratio of 2.82 and a beta of 0.66. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The stock’s fifty day simple moving average is $63.85 and its 200 day simple moving average is $62.12.

Evergy (NASDAQ:EVRG) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.11). The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. On average, equities research analysts forecast that Evergy, Inc. will post 3.83 earnings per share for the current year.

Evergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.89%. Evergy’s dividend payout ratio is presently 72.16%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on EVRG shares. LADENBURG THALM/SH SH upgraded shares of Evergy from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $59.00 to $68.50 in a report on Thursday, January 2nd. Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Barclays reduced their price target on Evergy from $65.00 to $62.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $65.36.

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.