Allspring Global Investments Holdings LLC raised its stake in shares of Evergy, Inc. (NYSE:EVRG – Free Report) by 35.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 297,963 shares of the company’s stock after buying an additional 77,328 shares during the period. Allspring Global Investments Holdings LLC owned 0.13% of Evergy worth $17,407,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of EVRG. Moneta Group Investment Advisors LLC grew its position in shares of Evergy by 201,851.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 93,428,842 shares of the company’s stock valued at $5,879,477,000 after purchasing an additional 93,382,579 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Evergy by 1.8% in the first quarter. Vanguard Group Inc. now owns 29,339,970 shares of the company’s stock valued at $2,005,093,000 after purchasing an additional 509,404 shares during the last quarter. State Street Corp grew its position in shares of Evergy by 10.8% in the first quarter. State Street Corp now owns 13,874,020 shares of the company’s stock valued at $948,151,000 after purchasing an additional 1,356,321 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Evergy by 3,322.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 10,433,440 shares of the company’s stock valued at $637,693,000 after purchasing an additional 10,128,549 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Evergy by 2.9% in the first quarter. Franklin Resources Inc. now owns 5,181,341 shares of the company’s stock valued at $316,684,000 after purchasing an additional 146,937 shares during the last quarter. 82.82% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the company. Wells Fargo & Company lowered their price target on Evergy from $65.00 to $56.00 in a research report on Monday. Bank of America raised Evergy from an “underperform” rating to a “neutral” rating and lowered their price target for the company from $52.00 to $49.00 in a research report on Tuesday. Barclays assumed coverage on Evergy in a research report on Wednesday, August 23rd. They issued an “equal weight” rating and a $56.00 price target on the stock. Guggenheim lowered their price target on Evergy from $68.00 to $62.00 in a research report on Tuesday. Finally, Wolfe Research downgraded Evergy from an “outperform” rating to a “peer perform” rating in a research report on Monday, September 11th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $57.50.
Evergy Stock Up 1.9 %
EVRG stock opened at $49.00 on Wednesday. Evergy, Inc. has a twelve month low of $47.29 and a twelve month high of $65.39. The company has a market cap of $11.26 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 2.72 and a beta of 0.53. The business’s 50-day simple moving average is $55.40 and its 200 day simple moving average is $58.48. The company has a quick ratio of 0.28, a current ratio of 0.46 and a debt-to-equity ratio of 1.06.
Evergy (NYSE:EVRG – Get Free Report) last released its earnings results on Friday, August 4th. The company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.04. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.45 billion. Evergy had a return on equity of 8.94% and a net margin of 12.97%. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period last year, the business earned $0.86 earnings per share. On average, research analysts anticipate that Evergy, Inc. will post 3.58 earnings per share for the current year.
Evergy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 20th. Shareholders of record on Monday, August 21st were paid a dividend of $0.6125 per share. This represents a $2.45 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date of this dividend was Friday, August 18th. Evergy’s dividend payout ratio is 74.47%.
About Evergy
Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Kansas and Missouri, the United States. The company generates electricity through coal, hydroelectric, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources.
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