Evergy Inc. (NASDAQ:EVRG) Shares Sold by Lion Street Advisors LLC

Lion Street Advisors LLC decreased its position in Evergy Inc. (NASDAQ:EVRG) by 22.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,508 shares of the company’s stock after selling 2,982 shares during the period. Lion Street Advisors LLC’s holdings in Evergy were worth $725,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Evergy by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 30,665,885 shares of the company’s stock valued at $1,887,485,000 after purchasing an additional 221,086 shares in the last quarter. Franklin Resources Inc. grew its holdings in Evergy by 2.3% in the fourth quarter. Franklin Resources Inc. now owns 5,660,930 shares of the company’s stock valued at $348,430,000 after purchasing an additional 128,211 shares during the period. Geode Capital Management LLC increased its position in shares of Evergy by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 5,637,257 shares of the company’s stock valued at $346,063,000 after buying an additional 133,641 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Evergy by 3.8% during the 4th quarter. American Century Companies Inc. now owns 3,555,122 shares of the company’s stock worth $218,818,000 after buying an additional 130,804 shares during the period. Finally, Federated Hermes Inc. lifted its position in shares of Evergy by 2.2% during the 4th quarter. Federated Hermes Inc. now owns 3,434,216 shares of the company’s stock valued at $211,376,000 after buying an additional 73,066 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Stock Down 0.7%

Shares of NASDAQ:EVRG opened at $66.74 on Wednesday. The company has a quick ratio of 0.29, a current ratio of 0.55 and a debt-to-equity ratio of 1.24. The business has a fifty day moving average of $67.06 and a two-hundred day moving average of $65.48. The stock has a market cap of $15.36 billion, a P/E ratio of 17.56, a PEG ratio of 2.92 and a beta of 0.49. Evergy Inc. has a 52-week low of $52.10 and a 52-week high of $70.36.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.12). Evergy had a net margin of 14.87% and a return on equity of 8.84%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the firm posted $0.54 EPS. On average, research analysts expect that Evergy Inc. will post 3.83 earnings per share for the current year.

Evergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date is Friday, May 23rd. Evergy’s dividend payout ratio is presently 70.26%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Wall Street Zen lowered shares of Evergy from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. UBS Group upgraded Evergy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $68.00 to $78.00 in a research report on Monday, April 28th. Citigroup increased their price objective on Evergy from $77.00 to $79.00 and gave the company a “buy” rating in a research note on Friday, May 16th. Jefferies Financial Group set a $78.00 target price on shares of Evergy and gave the stock a “buy” rating in a research note on Tuesday, June 10th. Finally, LADENBURG THALM/SH SH raised shares of Evergy to a “strong-buy” rating in a report 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $73.19.

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.