Clearbridge Investments LLC reduced its position in Evergy (NYSE:EVRG) by 1.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,401 shares of the company’s stock after selling 502 shares during the period. Clearbridge Investments LLC’s holdings in Evergy were worth $1,949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Key Financial Inc acquired a new position in Evergy during the first quarter worth $35,000. Pacitti Group Inc. acquired a new position in Evergy during the fourth quarter worth $48,000. FDx Advisors Inc. acquired a new position in Evergy during the first quarter worth $49,000. Verus Capital Partners LLC acquired a new position in Evergy during the fourth quarter worth $52,000. Finally, Bartlett & Co. LLC acquired a new position in Evergy during the first quarter worth $53,000. Hedge funds and other institutional investors own 81.85% of the company’s stock.

Shares of NYSE EVRG opened at $59.18 on Tuesday. The firm has a 50-day simple moving average of $60.01 and a 200-day simple moving average of $62.72. The stock has a market capitalization of $13.18 billion, a price-to-earnings ratio of 21.76, a price-to-earnings-growth ratio of 3.82 and a beta of 0.49. The company has a quick ratio of 0.51, a current ratio of 0.72 and a debt-to-equity ratio of 1.06. Evergy has a 52 week low of $42.01 and a 52 week high of $76.57.

Evergy (NYSE:EVRG) last issued its earnings results on Wednesday, May 6th. The company reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by ($0.01). The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.21 billion. Evergy had a net margin of 12.68% and a return on equity of 7.85%. During the same quarter last year, the company earned $0.44 earnings per share. As a group, equities research analysts expect that Evergy will post 3.07 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Investors of record on Wednesday, May 20th were issued a $0.505 dividend. This represents a $2.02 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date was Tuesday, May 19th. Evergy’s dividend payout ratio is currently 69.90%.

A number of research firms have weighed in on EVRG. TheStreet cut shares of Evergy from a “b-” rating to a “c+” rating in a research report on Wednesday, March 11th. Zacks Investment Research upgraded shares of Evergy from a “hold” rating to a “buy” rating and set a $66.00 price objective for the company in a research report on Wednesday, June 3rd. Evercore ISI upgraded shares of Evergy from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $64.00 to $69.00 in a research report on Wednesday, June 3rd. ValuEngine upgraded shares of Evergy from a “sell” rating to a “hold” rating in a research report on Monday, March 9th. Finally, Bank of America upgraded shares of Evergy from an “underperform” rating to a “buy” rating and increased their target price for the company from $69.00 to $75.00 in a research report on Tuesday, March 3rd. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Evergy has an average rating of “Buy” and a consensus price target of $68.44.

Evergy Profile

Westar Energy, Inc engages in the generation, transmission and distribution of electricity in Kansas. It provides electricity to residential, commercial, and industrial customers in the cities of Topeka, Lawrence, Manhattan, Salina, and Hutchinson. The company was founded in 1924 and is headquartered in Topeka, KS.

Further Reading: Initial Coin Offerings entail a high degree of risk

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Institutional Ownership by Quarter for Evergy (NYSE:EVRG)

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