Trust Co. of Vermont bought a new position in shares of Evergy, Inc. (NYSE:EVRG – Get Rating) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,000 shares of the company's stock, valued at approximately $131,000.
Several other hedge funds and other institutional investors have also made changes to their positions in EVRG. Lansing Street Advisors purchased a new position in Evergy during the 1st quarter worth approximately $26,000. SWS Partners purchased a new position in Evergy during the 1st quarter worth approximately $27,000. CVA Family Office LLC purchased a new position in Evergy during the 1st quarter worth approximately $32,000. City State Bank purchased a new position in Evergy during the 4th quarter worth approximately $51,000. Finally, Mystic Asset Management Inc. purchased a new position in Evergy during the 4th quarter worth approximately $53,000. Institutional investors and hedge funds own 84.37% of the company's stock.
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Evergy Trading Down 1.8 %
Shares of EVRG stock opened at $59.40 on Friday. The company has a current ratio of 0.50, a quick ratio of 0.33 and a debt-to-equity ratio of 0.99. Evergy, Inc. has a twelve month low of $59.26 and a twelve month high of $73.13. The company has a market capitalization of $13.63 billion, a P/E ratio of 16.73, a price-to-earnings-growth ratio of 3.22 and a beta of 0.48. The business's 50 day moving average is $68.11 and its two-hundred day moving average is $67.42.
Evergy (NYSE:EVRG – Get Rating) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.86 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the business earned $0.85 earnings per share. The company's revenue for the quarter was up 17.0% compared to the same quarter last year. Equities analysts forecast that Evergy, Inc. will post 3.58 EPS for the current year.
Evergy Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 20th. Investors of record on Friday, August 19th were paid a $0.5725 dividend. The ex-dividend date was Thursday, August 18th. This represents a $2.29 dividend on an annualized basis and a dividend yield of 3.86%. Evergy's dividend payout ratio (DPR) is presently 64.51%.
Analyst Upgrades and Downgrades
EVRG has been the topic of a number of research reports. UBS Group downgraded Evergy from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $78.00 to $70.00 in a research note on Thursday, June 30th. Bank of America lowered their target price on Evergy from $74.00 to $68.00 in a research note on Wednesday.
About Evergy
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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.
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