Bank of America Corp DE decreased its stake in Evergy, Inc. (NYSE:EVRG – Get Rating) by 8.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 776,015 shares of the company's stock after selling 70,368 shares during the quarter. Bank of America Corp DE owned approximately 0.34% of Evergy worth $53,033,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Evergy by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 29,339,970 shares of the company's stock worth $2,005,093,000 after acquiring an additional 509,404 shares in the last quarter. BlackRock Inc. boosted its position in Evergy by 7.5% during the fourth quarter. BlackRock Inc. now owns 17,176,489 shares of the company's stock worth $1,178,481,000 after purchasing an additional 1,192,407 shares in the last quarter. State Street Corp grew its holdings in Evergy by 10.8% in the first quarter. State Street Corp now owns 13,874,020 shares of the company's stock valued at $948,151,000 after purchasing an additional 1,356,321 shares during the period. Capital International Investors increased its position in shares of Evergy by 40.7% in the first quarter. Capital International Investors now owns 13,048,060 shares of the company's stock valued at $891,704,000 after buying an additional 3,777,012 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Evergy by 45.2% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,454,848 shares of the company's stock worth $236,104,000 after buying an additional 1,074,847 shares during the period. 84.37% of the stock is owned by institutional investors and hedge funds.
Get
Evergy alerts:
Analysts Set New Price Targets
Separately, UBS Group lowered shares of Evergy from a "buy" rating to a "neutral" rating and cut their price target for the stock from $78.00 to $70.00 in a report on Thursday, June 30th.
Evergy Price Performance
Shares of Evergy stock opened at $62.93 on Wednesday. The stock has a market capitalization of $14.44 billion, a P/E ratio of 17.73, a PEG ratio of 3.46 and a beta of 0.48. The business has a 50 day simple moving average of $68.27 and a two-hundred day simple moving average of $67.50. Evergy, Inc. has a 12 month low of $59.34 and a 12 month high of $73.13. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.50 and a quick ratio of 0.33.
Evergy (NYSE:EVRG – Get Rating) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.84 by $0.02. Evergy had a return on equity of 8.89% and a net margin of 15.16%. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the company earned $0.85 EPS. The firm's revenue was up 17.0% compared to the same quarter last year. As a group, analysts predict that Evergy, Inc. will post 3.58 EPS for the current fiscal year.
Evergy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 20th. Investors of record on Friday, August 19th were given a dividend of $0.5725 per share. The ex-dividend date was Thursday, August 18th. This represents a $2.29 dividend on an annualized basis and a yield of 3.64%. Evergy's payout ratio is presently 64.51%.
Evergy Profile
(Get Rating)
Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Kansas and Missouri, the United States. It generates electricity through coal, hydroelectric, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources.
Read More
- Get a free copy of the StockNews.com research report on Evergy (EVRG)
- Defensive Stocks For A Volatile Market
- SunPower Is Ready To Power Up Triple-Digit Earnings Gains
- Will UPS Be Next to Deliver a Warning?
- Is This the Darkest Before the Dawn for Gap Stock?
- Build A Better Tech Portfolio With Jabil Inc.
Receive News & Ratings for Evergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evergy and related companies with MarketBeat.com's FREE daily email newsletter.
