Evergy, Inc. (NASDAQ:EVRG) Shares Sold by Wealthfront Advisers LLC

Wealthfront Advisers LLC reduced its stake in shares of Evergy, Inc. (NASDAQ:EVRG) by 77.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,568 shares of the company’s stock after selling 46,304 shares during the quarter. Wealthfront Advisers LLC’s holdings in Evergy were worth $835,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EVRG. Miller Howard Investments Inc. NY lifted its holdings in shares of Evergy by 1.4% in the fourth quarter. Miller Howard Investments Inc. NY now owns 11,741 shares of the company’s stock valued at $723,000 after purchasing an additional 162 shares in the last quarter. Quent Capital LLC lifted its holdings in shares of Evergy by 4.6% in the fourth quarter. Quent Capital LLC now owns 3,692 shares of the company’s stock valued at $227,000 after purchasing an additional 163 shares in the last quarter. Sunbelt Securities Inc. lifted its holdings in shares of Evergy by 2.2% in the third quarter. Sunbelt Securities Inc. now owns 7,778 shares of the company’s stock valued at $482,000 after purchasing an additional 168 shares in the last quarter. Empirical Finance LLC lifted its holdings in shares of Evergy by 2.3% in the third quarter. Empirical Finance LLC now owns 7,751 shares of the company’s stock valued at $481,000 after purchasing an additional 171 shares in the last quarter. Finally, Mather Group LLC. lifted its holdings in shares of Evergy by 5.7% in the fourth quarter. Mather Group LLC. now owns 3,231 shares of the company’s stock valued at $199,000 after purchasing an additional 173 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EVRG has been the topic of several recent research reports. LADENBURG THALM/SH SH raised shares of Evergy from a “neutral” rating to a “buy” rating and upped their price target for the company from $59.00 to $68.50 in a report on Thursday, January 2nd. Barclays upped their price objective on shares of Evergy from $62.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Finally, Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Evergy presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.42.

Evergy Stock Performance

NASDAQ:EVRG opened at $67.45 on Friday. The company has a market cap of $15.51 billion, a P/E ratio of 18.23, a P/E/G ratio of 2.82 and a beta of 0.62. The firm’s 50 day moving average is $65.02 and its two-hundred day moving average is $62.78. Evergy, Inc. has a fifty-two week low of $49.55 and a fifty-two week high of $69.93. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15.

Evergy (NASDAQ:EVRG) last issued its earnings results on Thursday, February 27th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.11). The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. Analysts expect that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend is Monday, March 10th. Evergy’s dividend payout ratio (DPR) is presently 70.45%.

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.