Crewe Advisors LLC Takes $53,000 Position in Evergy, Inc. (NYSE:EVRG)

Crewe Advisors LLC acquired a new position in shares of Evergy, Inc. (NYSE:EVRG) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,002 shares of the company’s stock, valued at approximately $53,000.

A number of other institutional investors also recently made changes to their positions in the business. CVA Family Office LLC acquired a new position in Evergy in the fourth quarter worth about $29,000. Fidelis Capital Partners LLC acquired a new position in shares of Evergy in the 1st quarter worth approximately $32,000. Toth Financial Advisory Corp increased its holdings in shares of Evergy by 199.5% in the 1st quarter. Toth Financial Advisory Corp now owns 635 shares of the company’s stock valued at $34,000 after acquiring an additional 423 shares during the last quarter. Hexagon Capital Partners LLC raised its position in shares of Evergy by 222.2% during the 4th quarter. Hexagon Capital Partners LLC now owns 667 shares of the company’s stock valued at $35,000 after acquiring an additional 460 shares in the last quarter. Finally, MV Capital Management Inc. lifted 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 purchasing an additional 718 shares during the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.

Evergy Price Performance

EVRG stock traded up $0.35 during trading hours on Friday, hitting $56.68. 342,350 shares of the stock traded hands, compared to its average volume of 2,180,008. The stock has a 50-day simple moving average of $53.77 and a 200 day simple moving average of $52.42. The company has a market cap of $13.03 billion, a P/E ratio of 16.06, a P/E/G ratio of 2.92 and a beta of 0.60. Evergy, Inc. has a one year low of $46.92 and a one year high of $61.15. The company has a current ratio of 0.57, a quick ratio of 0.32 and a debt-to-equity ratio of 1.21.

Evergy (NYSE:EVRG) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.07). Evergy had a net margin of 12.84% and a return on equity of 8.32%. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the business posted $0.59 EPS. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. Equities analysts forecast that Evergy, Inc. will post 3.85 earnings per share for the current year.

Evergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Monday, May 20th were given a dividend of $0.6425 per share. The ex-dividend date was Friday, May 17th. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.53%. Evergy’s dividend payout ratio (DPR) is presently 83.17%.

Analyst Ratings Changes

Several analysts have weighed in on EVRG shares. LADENBURG THALM/SH SH assumed 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. Barclays lifted their target price on Evergy from $56.00 to $61.00 and gave the company an “overweight” rating in a research note on Tuesday, May 14th. Finally, Wells Fargo & Company upped their price target on shares of Evergy from $57.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, May 10th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock 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.