LexAurum Advisors LLC Takes $242,000 Position in Evergy, Inc. (NASDAQ:EVRG)

LexAurum Advisors LLC bought a new stake in Evergy, Inc. (NASDAQ:EVRG) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,505 shares of the company’s stock, valued at approximately $242,000.

Several other institutional investors have also modified their holdings of the stock. Miller Howard Investments Inc. NY boosted its position in Evergy by 1.4% during the fourth quarter. Miller Howard Investments Inc. NY now owns 11,741 shares of the company’s stock worth $723,000 after acquiring an additional 162 shares during the last quarter. Quent Capital LLC boosted its position in Evergy by 4.6% during the fourth quarter. Quent Capital LLC now owns 3,692 shares of the company’s stock worth $227,000 after acquiring an additional 163 shares during the last quarter. Stolper Co boosted its position in Evergy by 0.5% during the first quarter. Stolper Co now owns 34,630 shares of the company’s stock worth $2,388,000 after acquiring an additional 169 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in Evergy by 5.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,873 shares of the company’s stock worth $238,000 after acquiring an additional 190 shares during the last quarter. Finally, Oxbow Advisors LLC boosted its position in Evergy by 0.5% during the fourth quarter. Oxbow Advisors LLC now owns 44,349 shares of the company’s stock worth $2,730,000 after acquiring an additional 200 shares during the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Price Performance

Evergy stock opened at $65.24 on Monday. The company’s 50 day simple moving average is $66.88 and its 200-day simple moving average is $65.34. The company has a market capitalization of $15.01 billion, a price-to-earnings ratio of 17.63, a price-to-earnings-growth ratio of 2.82 and a beta of 0.49. Evergy, Inc. has a 1 year low of $52.10 and a 1 year high of $70.36. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.12). The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.21 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. During the same quarter last year, the firm posted $0.54 EPS. As a group, equities research analysts expect that Evergy, Inc. will post 3.83 earnings per share for the current year.

Evergy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 23rd will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.09%. The ex-dividend date is Friday, May 23rd. Evergy’s dividend payout ratio (DPR) is presently 70.26%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Barclays lowered their price target on shares of Evergy from $73.00 to $71.00 and set an “overweight” rating on the stock in a research report on Friday, May 30th. Wall Street Zen downgraded shares of Evergy from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd. Citigroup lifted their target price on shares of Evergy from $77.00 to $79.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. UBS Group raised shares of Evergy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $68.00 to $78.00 in a research note on Monday, April 28th. Finally, LADENBURG THALM/SH SH raised shares of Evergy to a “strong-buy” rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $72.19.

About Evergy

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.