Xponance Inc. Sells 2,429 Shares of Evergy, Inc. (NYSE:EVRG)

Xponance Inc. decreased its holdings in Evergy, Inc. (NYSE:EVRG) by 7.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,724 shares of the company’s stock after selling 2,429 shares during the period. Xponance Inc.’s holdings in Evergy were worth $1,499,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Metis Global Partners LLC raised its stake in Evergy by 20.5% in the third quarter. Metis Global Partners LLC now owns 8,326 shares of the company’s stock valued at $422,000 after buying an additional 1,419 shares during the period. CTC Alternative Strategies Ltd. bought a new stake in Evergy in the fourth quarter valued at approximately $1,121,000. RNC Capital Management LLC increased its stake in shares of Evergy by 8.6% during the fourth quarter. RNC Capital Management LLC now owns 586,133 shares of the company’s stock worth $30,596,000 after purchasing an additional 46,437 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Evergy by 47.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,516,817 shares of the company’s stock worth $79,178,000 after purchasing an additional 487,322 shares during the period. Finally, Creative Planning increased its stake in shares of Evergy by 25.2% during the third quarter. Creative Planning now owns 107,816 shares of the company’s stock worth $5,466,000 after purchasing an additional 21,690 shares during the period. Institutional investors own 87.24% of the company’s stock.

Evergy Trading Down 0.0 %

Shares of EVRG stock opened at $52.25 on Wednesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.29 and a current ratio of 0.51. Evergy, Inc. has a fifty-two week low of $46.92 and a fifty-two week high of $63.84. The company has a market cap of $12.00 billion, a PE ratio of 14.72, a P/E/G ratio of 2.72 and a beta of 0.57. The stock’s fifty day moving average price is $51.25 and its two-hundred day moving average price is $50.97.

Evergy (NYSE:EVRG) last released its quarterly earnings data on Thursday, February 29th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.03). Evergy had a net margin of 13.28% and a return on equity of 8.47%. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period last year, the business earned $0.30 EPS. Equities analysts predict that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 11th were issued a dividend of $0.6425 per share. This represents a $2.57 annualized dividend and a yield of 4.92%. The ex-dividend date of this dividend was Friday, March 8th. Evergy’s payout ratio is presently 80.82%.

Wall Street Analysts Forecast Growth

EVRG has been the topic of a number of recent research reports. Guggenheim lowered Evergy from a “buy” rating to a “neutral” rating and set a $52.00 target price on the stock. in a research note on Monday, January 22nd. Wells Fargo & Company lowered their target price on Evergy from $60.00 to $57.00 and set an “overweight” rating on the stock in a research note on Friday, March 1st. Citigroup initiated coverage on Evergy in a research note on Tuesday, March 26th. They set a “buy” rating and a $64.00 target price on the stock. Bank of America upgraded Evergy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $51.00 to $57.00 in a research note on Wednesday, March 13th. Finally, Barclays increased their target price on Evergy from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, March 14th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Evergy has a consensus rating of “Moderate Buy” and a consensus target price of $56.00.

Evergy Company 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.