Sequoia Financial Advisors LLC Purchases Shares of 5,752 Evergy, Inc. (NYSE:EVRG)

Sequoia Financial Advisors LLC purchased a new stake in Evergy, Inc. (NYSE:EVRG) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 5,752 shares of the company’s stock, valued at approximately $300,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Red Tortoise LLC raised its stake in Evergy by 793.5% during the 1st quarter. Red Tortoise LLC now owns 411 shares of the company’s stock worth $25,000 after acquiring an additional 365 shares in the last quarter. Clear Street Markets LLC boosted its holdings in Evergy by 92.7% during the first quarter. Clear Street Markets LLC now owns 451 shares of the company’s stock worth $28,000 after buying an additional 217 shares in the last quarter. CVA Family Office LLC purchased a new stake in Evergy during the fourth quarter worth about $29,000. Itau Unibanco Holding S.A. purchased a new stake in Evergy during the third quarter worth about $35,000. Finally, Pacific Center for Financial Services purchased a new stake in Evergy during the first quarter worth about $37,000. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Evergy Stock Up 0.9 %

Shares of NYSE EVRG opened at $50.96 on Friday. Evergy, Inc. has a 12-month low of $46.92 and a 12-month high of $63.84. The company has a market capitalization of $11.71 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 2.58 and a beta of 0.57. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.51 and a quick ratio of 0.29. The firm’s 50-day moving average is $51.08 and its two-hundred day moving average is $50.86.

Evergy (NYSE:EVRG) last posted its quarterly earnings data on Thursday, February 29th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.46 billion. Evergy had a net margin of 13.28% and a return on equity of 8.47%. During the same period in the prior year, the firm earned $0.30 EPS. Equities analysts anticipate that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were given a $0.6425 dividend. This represents a $2.57 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date was Friday, March 8th. Evergy’s dividend payout ratio is presently 80.82%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on EVRG shares. Barclays boosted their price objective on shares of Evergy from $54.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, March 14th. LADENBURG THALM/SH SH started coverage on shares of Evergy in a report on Thursday, April 4th. They set a “neutral” rating and a $51.00 price objective on the stock. Citigroup started coverage on shares of Evergy in a report on Tuesday, March 26th. They set a “buy” rating and a $64.00 price objective on the stock. Bank of America raised shares of Evergy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $51.00 to $57.00 in a report on Wednesday, March 13th. Finally, Guggenheim downgraded shares of Evergy from a “buy” rating to a “neutral” rating and set a $52.00 price target on the stock. in a report on Monday, January 22nd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $56.00.

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.