Citigroup Inc. trimmed its position in Evergy, Inc. (NYSE:EVRG – Free Report) by 2.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 295,141 shares of the company’s stock after selling 8,704 shares during the period. Citigroup Inc. owned approximately 0.13% of Evergy worth $17,242,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Red Tortoise LLC increased its holdings in shares of Evergy by 793.5% in the first quarter. Red Tortoise LLC now owns 411 shares of the company’s stock valued at $25,000 after buying an additional 365 shares in the last quarter. Bank of New Hampshire bought a new position in shares of Evergy in the second quarter valued at $28,000. Clear Street Markets LLC increased its holdings in shares of Evergy by 92.7% in the first quarter. Clear Street Markets LLC now owns 451 shares of the company’s stock valued at $28,000 after buying an additional 217 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of Evergy in the second quarter valued at $30,000. Finally, Moisand Fitzgerald Tamayo LLC bought a new position in shares of Evergy in the second quarter valued at $31,000. 82.82% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on EVRG shares. Guggenheim dropped their price target on Evergy from $62.00 to $54.00 in a report on Monday, October 9th. Barclays started coverage on shares of Evergy in a research note on Wednesday, August 23rd. They set an “equal weight” rating and a $56.00 target price on the stock. Wolfe Research downgraded shares of Evergy from an “outperform” rating to a “peer perform” rating in a research note on Monday, September 11th. Wells Fargo & Company cut their target price on shares of Evergy from $65.00 to $56.00 in a research note on Monday, October 2nd. Finally, Bank of America raised shares of Evergy from an “underperform” rating to a “neutral” rating and cut their target price for the company from $52.00 to $49.00 in a research note on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $56.17.
Evergy Trading Up 0.2 %
NYSE EVRG opened at $50.47 on Tuesday. Evergy, Inc. has a 1-year low of $46.92 and a 1-year high of $65.39. The company has a current ratio of 0.39, a quick ratio of 0.24 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $11.59 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 3.25 and a beta of 0.55. The firm’s fifty day simple moving average is $50.46 and its 200-day simple moving average is $55.63.
Evergy (NYSE:EVRG – Get Free Report) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.04. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.63 billion. Evergy had a net margin of 12.16% and a return on equity of 8.59%. During the same period in the prior year, the business posted $2.01 earnings per share. As a group, sell-side analysts anticipate that Evergy, Inc. will post 3.58 earnings per share for the current fiscal year.
Evergy Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, November 22nd will be issued a $0.6425 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This is a boost from Evergy’s previous quarterly dividend of $0.61. This represents a $2.57 dividend on an annualized basis and a yield of 5.09%. Evergy’s dividend payout ratio is currently 86.82%.
Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Kansas and Missouri, the United States. The company generates electricity through coal, hydroelectric, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources.
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