Evergy, Inc. (NYSE:EVRG) Shares Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lifted its holdings in shares of Evergy, Inc. (NYSE:EVRGGet Rating) by 32.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,780 shares of the company’s stock after buying an additional 1,655 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Evergy were worth $465,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. FSB Premier Wealth Management Inc. acquired a new stake in shares of Evergy in the fourth quarter valued at about $27,000. PSI Advisors LLC acquired a new stake in shares of Evergy in the third quarter valued at about $31,000. WASHINGTON TRUST Co boosted its position in Evergy by 117.1% during the third quarter. WASHINGTON TRUST Co now owns 647 shares of the company’s stock worth $40,000 after acquiring an additional 349 shares during the last quarter. Private Capital Group LLC grew its stake in Evergy by 154.8% during the 4th quarter. Private Capital Group LLC now owns 688 shares of the company’s stock valued at $47,000 after acquiring an additional 418 shares in the last quarter. Finally, Jacobi Capital Management LLC raised its holdings in Evergy by 21.3% in the 3rd quarter. Jacobi Capital Management LLC now owns 918 shares of the company’s stock valued at $57,000 after acquiring an additional 161 shares during the last quarter. 87.35% of the stock is currently owned by hedge funds and other institutional investors.

EVRG opened at $71.33 on Friday. The stock has a market capitalization of $16.36 billion, a PE ratio of 18.62, a P/E/G ratio of 3.29 and a beta of 0.50. Evergy, Inc. has a one year low of $59.46 and a one year high of $73.13. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.37 and a current ratio of 0.55. The business’s 50 day moving average price is $65.98 and its 200 day moving average price is $65.47.

Evergy (NYSE:EVRGGet Rating) last announced its quarterly earnings results on Friday, February 25th. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.12. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $842.33 million. Evergy had a return on equity of 8.95% and a net margin of 15.75%. During the same quarter in the prior year, the company posted $0.28 EPS. As a group, equities research analysts forecast that Evergy, Inc. will post 3.53 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, March 21st. Shareholders of record on Monday, March 7th were paid a dividend of $0.5725 per share. This represents a $2.29 annualized dividend and a yield of 3.21%. The ex-dividend date was Friday, March 4th. This is a positive change from Evergy’s previous quarterly dividend of $0.46. Evergy’s dividend payout ratio (DPR) is 59.79%.

Several equities research analysts recently commented on EVRG shares. The Goldman Sachs Group cut Evergy from a “buy” rating to a “neutral” rating and set a $72.00 price target for the company. in a report on Thursday, January 13th. Wells Fargo & Company lifted their price target on Evergy from $67.00 to $75.00 and gave the stock an “equal weight” rating in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Evergy has a consensus rating of “Buy” and a consensus price target of $70.00.

In other news, SVP Charles L. King sold 1,200 shares of the company’s stock in a transaction that occurred on Thursday, March 10th. The shares were sold at an average price of $63.26, for a total value of $75,912.00. The sale was disclosed in a document filed with the SEC, which is available through this link. 3.32% of the stock is owned by company insiders.

Evergy Profile (Get Rating)

Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Kansas and Missouri, the United States. It generates electricity through coal, hydroelectric, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources.

Further Reading

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Institutional Ownership by Quarter for Evergy (NYSE:EVRG)

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