Evergy Inc. (NASDAQ:EVRG) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its position in Evergy Inc. (NASDAQ:EVRGFree Report) by 1.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,718 shares of the company’s stock after acquiring an additional 725 shares during the quarter. State of Alaska Department of Revenue’s holdings in Evergy were worth $3,427,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. CWA Asset Management Group LLC grew its position in shares of Evergy by 23.2% during the first quarter. CWA Asset Management Group LLC now owns 28,339 shares of the company’s stock worth $1,954,000 after buying an additional 5,337 shares in the last quarter. Bfsg LLC acquired a new position in shares of Evergy during the first quarter worth about $25,000. QRG Capital Management Inc. grew its position in shares of Evergy by 100.6% during the first quarter. QRG Capital Management Inc. now owns 123,949 shares of the company’s stock worth $8,546,000 after buying an additional 62,151 shares in the last quarter. Sowell Financial Services LLC acquired a new position in shares of Evergy during the first quarter worth about $267,000. Finally, Dynamic Advisor Solutions LLC grew its position in shares of Evergy by 16.5% during the first quarter. Dynamic Advisor Solutions LLC now owns 22,670 shares of the company’s stock worth $1,563,000 after buying an additional 3,215 shares in the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Jefferies Financial Group set a $78.00 price objective on Evergy and gave the stock a “buy” rating in a research report on Tuesday, June 10th. LADENBURG THALM/SH SH raised Evergy to a “strong-buy” rating in a research report on Thursday, May 8th. UBS Group raised Evergy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $68.00 to $78.00 in a research report on Monday, April 28th. BMO Capital Markets assumed coverage on Evergy in a research report on Tuesday, May 13th. They set an “outperform” rating and a $75.00 price objective for the company. Finally, Wall Street Zen downgraded Evergy from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $73.19.

Check Out Our Latest Report on Evergy

Evergy Stock Performance

Shares of EVRG opened at $67.19 on Friday. The stock has a 50 day moving average price of $67.13 and a 200 day moving average price of $65.55. The company has a quick ratio of 0.29, a current ratio of 0.55 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $15.46 billion, a price-to-earnings ratio of 17.68, a price-to-earnings-growth ratio of 2.92 and a beta of 0.49. Evergy Inc. has a 52-week low of $52.10 and a 52-week high of $70.36.

Evergy (NASDAQ:EVRGGet Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.12). The firm had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Evergy had a net margin of 14.87% and a return on equity of 8.84%. During the same quarter in the prior year, the firm posted $0.54 EPS. Research analysts predict that Evergy Inc. will post 3.83 EPS for the current fiscal year.

Evergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, May 23rd were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 3.97%. The ex-dividend date was Friday, May 23rd. Evergy’s payout ratio is currently 70.26%.

Evergy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Evergy (NASDAQ:EVRG)

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