Evergy, Inc. (NYSE:EVRG) Shares Purchased by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust increased its position in shares of Evergy, Inc. (NYSE:EVRG) by 105.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 785 shares of the company’s stock after acquiring an additional 403 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Evergy were worth $41,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CVA Family Office LLC purchased a new position in Evergy during the fourth quarter worth about $29,000. Itau Unibanco Holding S.A. purchased a new position in Evergy during the third quarter worth about $35,000. MV Capital Management Inc. boosted its stake in Evergy by 3,263.6% during the fourth quarter. MV Capital Management Inc. now owns 740 shares of the company’s stock worth $39,000 after buying an additional 718 shares during the period. Headinvest LLC purchased a new position in Evergy during the third quarter worth about $40,000. Finally, Asset Dedication LLC purchased a new position in Evergy during the third quarter worth about $45,000. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Evergy Trading Down 1.4 %

NYSE EVRG opened at $51.69 on Friday. The firm has a 50 day simple moving average of $51.36 and a 200-day simple moving average of $50.99. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.29 and a current ratio of 0.51. Evergy, Inc. has a one year low of $46.92 and a one year high of $63.39. The firm has a market cap of $11.88 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 2.73 and a beta of 0.57.

Evergy (NYSE:EVRG) last posted its quarterly earnings data on Thursday, February 29th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.03). Evergy had a net margin of 13.28% and a return on equity of 8.47%. The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the previous year, the business posted $0.30 EPS. Equities research analysts anticipate that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were paid a $0.6425 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $2.57 dividend on an annualized basis and a yield of 4.97%. Evergy’s dividend payout ratio is currently 80.82%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EVRG. Bank of America raised shares of Evergy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $51.00 to $57.00 in a research note on Wednesday, March 13th. LADENBURG THALM/SH SH began coverage on shares of Evergy in a research note on Thursday, April 4th. They set a “neutral” rating and a $51.00 target price for the company. Wells Fargo & Company lowered their target price on shares of Evergy from $60.00 to $57.00 and set an “overweight” rating for the company in a research note on Friday, March 1st. Barclays increased their target price on shares of Evergy from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, March 14th. Finally, Citigroup initiated coverage on shares of Evergy in a research note on Tuesday, March 26th. They issued a “buy” rating and a $64.00 price objective for the company. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $56.00.

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.