Evergy, Inc. (NYSE:EVRG) Shares Purchased by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC increased its holdings in shares of Evergy, Inc. (NYSE:EVRG) by 6.7% during the first quarter, HoldingsChannel reports. The fund owned 16,943 shares of the company’s stock after buying an additional 1,062 shares during the period. SeaCrest Wealth Management LLC’s holdings in Evergy were worth $904,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Point72 Asset Management L.P. boosted its position in Evergy by 1,038.7% during the fourth quarter. Point72 Asset Management L.P. now owns 3,612,200 shares of the company’s stock worth $188,557,000 after purchasing an additional 3,294,967 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in Evergy during the fourth quarter worth $89,832,000. Vanguard Group Inc. boosted its position in Evergy by 4.8% during the fourth quarter. Vanguard Group Inc. now owns 30,757,415 shares of the company’s stock worth $1,605,537,000 after purchasing an additional 1,399,199 shares in the last quarter. Manning & Napier Group LLC lifted its position in shares of Evergy by 76.6% in the fourth quarter. Manning & Napier Group LLC now owns 2,183,788 shares of the company’s stock valued at $113,994,000 after acquiring an additional 947,196 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of Evergy by 41.3% in the fourth quarter. Federated Hermes Inc. now owns 2,942,415 shares of the company’s stock valued at $153,594,000 after acquiring an additional 860,433 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Barclays upped their price objective on Evergy from $56.00 to $61.00 and gave the company an “overweight” rating in a research report on Tuesday, May 14th. Wells Fargo & Company upped their price objective on Evergy from $57.00 to $62.00 and gave the company an “overweight” rating in a research report on Friday, May 10th. Citigroup assumed coverage on Evergy in a research report on Tuesday, March 26th. They issued a “buy” rating and a $64.00 price objective on the stock. LADENBURG THALM/SH SH assumed coverage on Evergy in a research report on Thursday, April 4th. They issued a “neutral” rating and a $51.00 price objective on the stock. Finally, Bank of America upgraded Evergy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $51.00 to $57.00 in a research report on Wednesday, March 13th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $57.83.

Evergy Stock Performance

Evergy stock opened at $52.46 on Thursday. The firm has a market capitalization of $12.06 billion, a P/E ratio of 16.98, a PEG ratio of 2.76 and a beta of 0.60. The stock has a fifty day moving average price of $53.65 and a 200 day moving average price of $52.16. Evergy, Inc. has a 52 week low of $46.92 and a 52 week high of $61.84. The company has a current ratio of 0.57, a quick ratio of 0.32 and a debt-to-equity ratio of 1.21.

Evergy (NYSE:EVRG) last released its earnings results on Thursday, May 9th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.07). The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.35 billion. Evergy had a net margin of 12.84% and a return on equity of 8.32%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 earnings per share. Equities research analysts anticipate that Evergy, Inc. will post 3.84 earnings per share for the current year.

Evergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Monday, May 20th were paid a $0.6425 dividend. The ex-dividend date was Friday, May 17th. This represents a $2.57 annualized dividend and a yield of 4.90%. Evergy’s payout ratio is currently 83.17%.

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.