Evergy, Inc. (NYSE:EVRG) Shares Purchased by Quent Capital LLC

Quent Capital LLC raised its position in Evergy, Inc. (NYSE:EVRG) by 9.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,508 shares of the company’s stock after acquiring an additional 303 shares during the period. Quent Capital LLC’s holdings in Evergy were worth $186,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in EVRG. Raymond James & Associates lifted its stake in shares of Evergy by 7.6% in the fourth quarter. Raymond James & Associates now owns 65,974 shares of the company’s stock valued at $3,444,000 after purchasing an additional 4,655 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in Evergy by 30.8% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 78,852 shares of the company’s stock valued at $4,116,000 after acquiring an additional 18,555 shares in the last quarter. Blue Trust Inc. increased its holdings in Evergy by 35.1% during the 4th quarter. Blue Trust Inc. now owns 1,217 shares of the company’s stock valued at $62,000 after acquiring an additional 316 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of Evergy by 13.5% during the fourth quarter. Global Retirement Partners LLC now owns 1,821 shares of the company’s stock worth $96,000 after buying an additional 216 shares in the last quarter. Finally, Trust Point Inc. purchased a new stake in shares of Evergy during the fourth quarter worth about $462,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Stock Up 0.4 %

Shares of NYSE EVRG traded up $0.26 during mid-day trading on Tuesday, reaching $58.78. The company had a trading volume of 1,905,856 shares, compared to its average volume of 2,185,948. The company has a market capitalization of $13.52 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 3.11 and a beta of 0.60. The stock has a fifty day moving average of $54.43 and a two-hundred day moving average of $52.72. Evergy, Inc. has a 12-month low of $46.92 and a 12-month high of $61.14. 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 (NYSE:EVRG) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.07). Evergy had a net margin of 12.84% and a return on equity of 8.32%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the business posted $0.59 earnings per share. The firm’s revenue was up 2.6% compared to the same quarter last year. As a group, equities research analysts expect that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Monday, May 20th were issued a $0.6425 dividend. The ex-dividend date of this dividend was Friday, May 17th. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.37%. Evergy’s dividend payout ratio is 83.17%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on EVRG shares. Wells Fargo & Company lifted their price target on shares of Evergy from $57.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, May 10th. Barclays lifted their price target on shares of Evergy from $56.00 to $61.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 14th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $57.83.

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.