Leeward Investments LLC MA Sells 4,446 Shares of Evergy, Inc. (NYSE:EVRG)

Leeward Investments LLC MA lessened its holdings in shares of Evergy, Inc. (NYSE:EVRG) by 2.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 164,810 shares of the company’s stock after selling 4,446 shares during the quarter. Leeward Investments LLC MA’s holdings in Evergy were worth $8,603,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EVRG. Manning & Napier Group LLC boosted its position in shares of Evergy by 76.6% in the fourth quarter. Manning & Napier Group LLC now owns 2,183,788 shares of the company’s stock valued at $113,994,000 after acquiring an additional 947,196 shares during the period. Federated Hermes Inc. boosted its position in shares of Evergy by 41.3% in the fourth quarter. Federated Hermes Inc. now owns 2,942,415 shares of the company’s stock valued at $153,594,000 after acquiring an additional 860,433 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Evergy by 228.3% in the third quarter. Assenagon Asset Management S.A. now owns 1,029,495 shares of the company’s stock valued at $52,195,000 after acquiring an additional 715,892 shares during the period. Panagora Asset Management Inc. boosted its position in shares of Evergy by 706.1% in the third quarter. Panagora Asset Management Inc. now owns 495,951 shares of the company’s stock valued at $25,145,000 after acquiring an additional 434,425 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Evergy by 19.9% in the third quarter. Bank of New York Mellon Corp now owns 2,548,598 shares of the company’s stock valued at $129,214,000 after acquiring an additional 422,152 shares during the period. Institutional investors own 87.24% of the company’s stock.

Evergy Price Performance

Shares of EVRG stock traded down $0.73 during trading hours on Friday, hitting $51.69. 1,191,583 shares of the company’s stock were exchanged, compared to its average volume of 2,531,154. The company has a market capitalization of $11.88 billion, a PE ratio of 16.25, a PEG ratio of 2.73 and a beta of 0.57. Evergy, Inc. has a 12-month low of $46.92 and a 12-month high of $63.39. The business’s 50 day simple moving average is $51.36 and its 200-day simple moving average is $50.99. The company has a current ratio of 0.51, a quick ratio of 0.29 and a debt-to-equity ratio of 1.14.

Evergy (NYSE:EVRG) last issued its earnings results 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 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 analysts’ expectations of $1.46 billion. During the same period in the previous year, the firm earned $0.30 earnings per share. On average, equities research analysts anticipate that Evergy, Inc. will post 3.84 earnings per share for the current year.

Evergy Announces Dividend

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

Wall Street Analyst Weigh In

EVRG has been the subject of a number of analyst reports. Guggenheim lowered shares of Evergy from a “buy” rating to a “neutral” rating and set a $52.00 price objective for the company. in a research report on Monday, January 22nd. Citigroup assumed coverage on shares of Evergy in a research note on Tuesday, March 26th. They issued a “buy” rating and a $64.00 target price on the stock. 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 target price on the stock. Barclays raised 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. Finally, Bank of America raised shares of Evergy from a “neutral” rating to a “buy” rating and raised their target price for the company from $51.00 to $57.00 in a research note on Wednesday, March 13th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Evergy currently has a consensus rating of “Moderate Buy” and an average price target of $56.00.

Evergy Company 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.