Xponance Inc. Reduces Holdings in Evergy, Inc. (NASDAQ:EVRG)

Xponance Inc. decreased its holdings in Evergy, Inc. (NASDAQ:EVRG) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,060 shares of the company’s stock after selling 277 shares during the quarter. Xponance Inc.’s holdings in Evergy were worth $1,912,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Franklin Resources Inc. raised its stake in Evergy by 5.5% during the 3rd quarter. Franklin Resources Inc. now owns 5,532,719 shares of the company’s stock worth $330,469,000 after acquiring an additional 288,619 shares during the period. Bank of New York Mellon Corp raised its stake in Evergy by 9.1% during the 4th quarter. Bank of New York Mellon Corp now owns 3,085,401 shares of the company’s stock worth $189,906,000 after acquiring an additional 256,978 shares during the period. Point72 Asset Management L.P. raised its stake in Evergy by 25.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,848,735 shares of the company’s stock worth $176,650,000 after acquiring an additional 583,923 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Evergy by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,160,492 shares of the company’s stock worth $132,978,000 after acquiring an additional 25,481 shares during the period. Finally, FMR LLC raised its stake in Evergy by 131.4% during the 3rd quarter. FMR LLC now owns 2,004,414 shares of the company’s stock worth $124,294,000 after acquiring an additional 1,138,138 shares during the period. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on EVRG. Barclays lifted their price objective 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. Guggenheim upgraded shares of Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. UBS Group lifted their price objective on shares of Evergy from $66.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday. Finally, LADENBURG THALM/SH SH upgraded shares of Evergy to a “strong-buy” rating in a research report on Monday, March 17th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Evergy has a consensus rating of “Buy” and an average price target of $68.36.

Evergy Stock Down 0.8 %

NASDAQ EVRG opened at $67.45 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. The company has a fifty day moving average of $65.73 and a two-hundred day moving average of $63.05. The firm has a market capitalization of $15.51 billion, a price-to-earnings ratio of 18.23, a PEG ratio of 2.82 and a beta of 0.62. Evergy, Inc. has a 52 week low of $49.55 and a 52 week high of $69.93.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.11). The firm 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, analysts predict that Evergy, Inc. will post 3.83 earnings per share for the current year.

Evergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 3.96%. The ex-dividend date of this dividend was Monday, March 10th. Evergy’s payout ratio is 70.45%.

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.