Vaughan David Investments LLC IL Has $31.94 Million Stock Position in Evergy, Inc. (NYSE:EVRG)

Vaughan David Investments LLC IL lifted its position in Evergy, Inc. (NYSE:EVRGFree Report) by 0.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 611,868 shares of the company’s stock after buying an additional 445 shares during the quarter. Vaughan David Investments LLC IL’s holdings in Evergy were worth $31,940,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of EVRG. Mutual of America Capital Management LLC raised its stake in Evergy by 16.2% during the 4th quarter. Mutual of America Capital Management LLC now owns 108,643 shares of the company’s stock valued at $5,671,000 after purchasing an additional 15,142 shares during the last quarter. Soltis Investment Advisors LLC acquired a new position in Evergy during the 4th quarter valued at $2,409,000. Sequoia Financial Advisors LLC acquired a new position in Evergy during the 4th quarter valued at $300,000. International Assets Investment Management LLC acquired a new position in Evergy during the 4th quarter valued at $23,900,000. Finally, Bleakley Financial Group LLC raised its stake in Evergy by 6.0% during the 4th quarter. Bleakley Financial Group LLC now owns 10,012 shares of the company’s stock valued at $523,000 after purchasing an additional 568 shares during the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Evergy Price Performance

Shares of EVRG traded down $0.51 during trading hours on Friday, hitting $50.95. The stock had a trading volume of 1,882,037 shares, compared to its average volume of 2,645,036. The company’s fifty day moving average is $51.00 and its two-hundred day moving average is $50.88. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.51 and a quick ratio of 0.29. Evergy, Inc. has a 52 week low of $46.92 and a 52 week high of $63.84. The stock has a market capitalization of $11.71 billion, a price-to-earnings ratio of 16.02, a P/E/G ratio of 2.69 and a beta of 0.57.

Evergy (NYSE:EVRGGet Free Report) last posted its earnings results on Thursday, February 29th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.03). Evergy had a return on equity of 8.47% and a net margin of 13.28%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the previous year, the company posted $0.30 EPS. On average, analysts anticipate that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 11th were issued a dividend of $0.6425 per share. This represents a $2.57 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date was Friday, March 8th. Evergy’s dividend payout ratio is currently 80.82%.

Analysts Set New Price Targets

Several equities analysts recently commented on EVRG shares. Barclays upped their target price on shares of Evergy from $54.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, March 14th. Wells Fargo & Company dropped their price objective 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. LADENBURG THALM/SH SH assumed coverage on shares of Evergy in a research note on Thursday, April 4th. They issued a “neutral” rating and a $51.00 price objective for the company. Bank of America upgraded shares of Evergy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $51.00 to $57.00 in a research note on Wednesday, March 13th. Finally, Guggenheim cut shares of Evergy from a “buy” rating to a “neutral” rating and set a $52.00 price objective for the company. in a research note on Monday, January 22nd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $56.00.

View Our Latest Analysis on EVRG

Evergy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Evergy (NYSE:EVRG)

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