Evergy, Inc. (NYSE:EVRG) Shares Sold by Delta Asset Management LLC TN

Delta Asset Management LLC TN cut its holdings in shares of Evergy, Inc. (NYSE:EVRG) by 19.5% during the fourth quarter, Holdings Channel reports. The firm owned 1,030 shares of the company’s stock after selling 250 shares during the quarter. Delta Asset Management LLC TN’s holdings in Evergy were worth $54,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Evergy by 0.6% during the third quarter. Vanguard Group Inc. now owns 29,358,216 shares of the company’s stock worth $1,488,462,000 after purchasing an additional 186,235 shares during the period. Invesco Ltd. raised its position in Evergy by 5.1% in the third quarter. Invesco Ltd. now owns 5,379,004 shares of the company’s stock worth $272,716,000 after acquiring an additional 261,664 shares in the last quarter. Northern Trust Corp raised its position in Evergy by 1.4% in the third quarter. Northern Trust Corp now owns 2,958,136 shares of the company’s stock worth $149,977,000 after acquiring an additional 40,916 shares in the last quarter. Federated Hermes Inc. raised its position in Evergy by 41.3% in the fourth quarter. Federated Hermes Inc. now owns 2,942,415 shares of the company’s stock worth $153,594,000 after acquiring an additional 860,433 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Evergy by 11.6% in the third quarter. American Century Companies Inc. now owns 2,670,913 shares of the company’s stock worth $135,415,000 after acquiring an additional 277,892 shares in the last quarter. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Evergy Price Performance

Evergy stock traded down $0.90 during midday trading on Thursday, reaching $53.94. 616,559 shares of the company were exchanged, compared to its average volume of 2,468,604. The company has a market capitalization of $12.40 billion, a price-to-earnings ratio of 17.75, a P/E/G ratio of 2.90 and a beta of 0.57. The firm’s 50-day simple moving average is $52.89 and its 200-day simple moving average is $51.67. Evergy, Inc. has a 1 year low of $46.92 and a 1 year high of $61.84. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.32 and a current ratio of 0.57.

Evergy (NYSE:EVRG) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.07). Evergy had a return on equity of 8.32% and a net margin of 12.84%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same period in the previous year, the business posted $0.59 earnings per share. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. On average, analysts anticipate that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Monday, May 20th will be paid a $0.6425 dividend. This represents a $2.57 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date of this dividend is Friday, May 17th. Evergy’s payout ratio is 83.17%.

Wall Street Analyst Weigh In

Several research firms have issued reports on EVRG. Bank of America upgraded Evergy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $51.00 to $57.00 in a research report on Wednesday, March 13th. Wells Fargo & Company increased their price objective on Evergy from $57.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, May 10th. LADENBURG THALM/SH SH initiated coverage on Evergy in a research report on Thursday, April 4th. They issued a “neutral” rating and a $51.00 price target for the company. Barclays raised their price target on Evergy from $56.00 to $61.00 and gave the company an “overweight” rating in a research report on Tuesday, May 14th. Finally, Citigroup initiated coverage on Evergy in a research report on Tuesday, March 26th. They issued a “buy” rating and a $64.00 price target for the company. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $57.83.

Evergy Profile

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.