Macquarie Group Ltd. Sells 16,947 Shares of Evergy, Inc. (NYSE:EVRG)

Posted by on Mar 7th, 2023

Macquarie Group Ltd. decreased its position in shares of Evergy, Inc. (NYSE:EVRG – Get Rating) by 11.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 128,406 shares of the company’s stock after selling 16,947 shares during the quarter. Macquarie Group Ltd. owned approximately 0.06% of Evergy worth $8,056,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in EVRG. Hexagon Capital Partners LLC boosted its position in Evergy by 227.8% during the third quarter. Hexagon Capital Partners LLC now owns 413 shares of the company’s stock valued at $25,000 after purchasing an additional 287 shares in the last quarter. Private Trust Co. NA bought a new stake in Evergy during the second quarter valued at about $28,000. Truvestments Capital LLC bought a new stake in Evergy during the second quarter valued at about $31,000. CoreCap Advisors LLC bought a new stake in Evergy during the second quarter valued at about $32,000. Finally, Motco boosted its position in Evergy by 40.1% during the third quarter. Motco now owns 699 shares of the company’s stock valued at $42,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 83.84% of the company’s stock.

Evergy Stock Performance

Shares of NYSE:EVRG opened at $59.22 on Tuesday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.53 and a quick ratio of 0.33. The business’s 50 day moving average price is $61.73 and its 200-day moving average price is $62.24. The firm has a market capitalization of $13.60 billion, a PE ratio of 15.88, a P/E/G ratio of 3.15 and a beta of 0.48. Evergy, Inc. has a 1 year low of $54.12 and a 1 year high of $73.13.

Evergy (NYSE:EVRG – Get Rating) last released its quarterly earnings data on Friday, February 24th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.08. Evergy had a return on equity of 9.17% and a net margin of 12.85%. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $956.63 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. As a group, equities research analysts expect that Evergy, Inc. will post 3.64 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 22nd. Shareholders of record on Thursday, March 9th will be given a $0.6125 dividend. This represents a $2.45 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date is Wednesday, March 8th. Evergy’s dividend payout ratio is presently 75.15%.

Analysts Set New Price Targets

A number of research firms have commented on EVRG. UBS Group decreased their price target on Evergy to $65.00 in a research note on Monday, November 21st. TheStreet lowered Evergy from a “b” rating to a “c+” rating in a report on Thursday, February 23rd. Bank of America lowered Evergy from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $64.00 to $54.00 in a report on Wednesday, November 23rd. Seaport Res Ptn lowered Evergy from a “buy” rating to a “neutral” rating in a report on Monday, November 21st. Finally, Wells Fargo & Company dropped their price objective on Evergy from $69.00 to $66.00 and set an “equal weight” rating on the stock in a report on Monday, January 30th. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $61.20.

About Evergy

(Get Rating)

Evergy, Inc is a holding company, which engages in the provision of electricity through its subsidiaries. It focuses on the regulation of electric utilities and development of electric transmission projects. The company was founded in 2017 and is headquartered in Kansas City, MO.

Read More

Want to see what other hedge funds are holding EVRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Evergy, Inc. (NYSE:EVRG – Get Rating).

Institutional Ownership by Quarter for Evergy (NYSE:EVRG)

Receive News & Ratings for Evergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evergy and related companies with MarketBeat.com's FREE daily email newsletter.