4,080 Shares in Evergy, Inc. (NYSE:EVRG) Bought by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC purchased a new stake in shares of Evergy, Inc. (NYSE:EVRG) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,080 shares of the company’s stock, valued at approximately $218,000.

Other institutional investors have also bought and sold shares of the company. CVA Family Office LLC purchased a new stake in Evergy during the 4th quarter valued at $29,000. Toth Financial Advisory Corp lifted its holdings in shares of Evergy by 199.5% in the 1st quarter. Toth Financial Advisory Corp now owns 635 shares of the company’s stock worth $34,000 after acquiring an additional 423 shares during the last quarter. Hexagon Capital Partners LLC boosted its stake in shares of Evergy by 222.2% during the 4th quarter. Hexagon Capital Partners LLC now owns 667 shares of the company’s stock worth $35,000 after purchasing an additional 460 shares during the period. MV Capital Management Inc. grew its holdings in Evergy by 3,263.6% during the 4th quarter. MV Capital Management Inc. now owns 740 shares of the company’s stock valued at $39,000 after purchasing an additional 718 shares during the last quarter. Finally, Headinvest LLC purchased a new stake in Evergy in the 3rd quarter worth about $40,000. Institutional investors own 87.24% of the company’s stock.

Analyst Upgrades and Downgrades

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

Evergy Stock Performance

Shares of EVRG stock opened at $52.46 on Friday. The company’s 50 day moving average is $53.65 and its 200 day moving average is $52.16. The company has a quick ratio of 0.32, a current ratio of 0.57 and a debt-to-equity ratio of 1.21. The firm has a market cap of $12.06 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 2.73 and a beta of 0.60. Evergy, Inc. has a 52-week low of $46.92 and a 52-week high of $61.84.

Evergy (NYSE:EVRG) last released its quarterly 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). Evergy had a return on equity of 8.32% and a net margin of 12.84%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the firm posted $0.59 earnings per share. The company’s revenue was up 2.6% on a year-over-year basis. On average, sell-side analysts anticipate that Evergy, Inc. will post 3.85 EPS for the current fiscal year.

Evergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Monday, May 20th were paid a dividend of $0.6425 per share. The ex-dividend date was Friday, May 17th. This represents a $2.57 annualized dividend and a dividend yield of 4.90%. Evergy’s dividend payout ratio (DPR) is presently 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.