Amundi Lowers Holdings in Evergy, Inc. (NASDAQ:EVRG)

Amundi decreased its position in shares of Evergy, Inc. (NASDAQ:EVRG) by 54.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 122,824 shares of the company’s stock after selling 149,474 shares during the quarter. Amundi’s holdings in Evergy were worth $7,481,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Miller Howard Investments Inc. NY increased its position in Evergy by 1.4% during the 4th quarter. Miller Howard Investments Inc. NY now owns 11,741 shares of the company’s stock valued at $723,000 after purchasing an additional 162 shares during the period. Quent Capital LLC boosted its stake in shares of Evergy by 4.6% during the fourth quarter. Quent Capital LLC now owns 3,692 shares of the company’s stock valued at $227,000 after purchasing an additional 163 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in Evergy by 2.2% during the third quarter. Sunbelt Securities Inc. now owns 7,778 shares of the company’s stock valued at $482,000 after buying an additional 168 shares during the period. Empirical Finance LLC raised its stake in Evergy by 2.3% in the third quarter. Empirical Finance LLC now owns 7,751 shares of the company’s stock worth $481,000 after buying an additional 171 shares in the last quarter. Finally, Mather Group LLC. lifted its holdings in Evergy by 5.7% during the fourth quarter. Mather Group LLC. now owns 3,231 shares of the company’s stock worth $199,000 after buying an additional 173 shares during the period. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Evergy Trading Up 1.3 %

Evergy stock opened at $67.45 on Friday. Evergy, Inc. has a one year low of $49.55 and a one year high of $69.93. The stock has a market cap of $15.51 billion, a PE ratio of 18.23, a price-to-earnings-growth ratio of 2.82 and a beta of 0.62. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The stock has a 50-day moving average of $65.02 and a two-hundred day moving average of $62.78.

Evergy (NASDAQ:EVRG) last released its earnings results 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 company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. On average, research analysts anticipate that Evergy, Inc. will post 3.83 EPS for the current fiscal year.

Evergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be paid a $0.6675 dividend. The ex-dividend date is Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a yield of 3.96%. Evergy’s dividend payout ratio (DPR) is 70.45%.

Analysts Set New Price Targets

EVRG has been the subject of several recent research reports. LADENBURG THALM/SH SH raised Evergy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $59.00 to $68.50 in a research report on Thursday, January 2nd. Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Barclays increased their price target on shares of Evergy from $62.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Evergy presently has an average rating of “Moderate Buy” and a consensus price target of $68.42.

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.