California Public Employees Retirement System lowered its holdings in Evergy, Inc. (NYSE:EVRG) by 0.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,748,895 shares of the company’s stock after selling 13,313 shares during the period. California Public Employees Retirement System’s holdings in Evergy were worth $105,686,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Clearbridge Investments LLC lifted its holdings in Evergy by 19.6% in the second quarter. Clearbridge Investments LLC now owns 27,804 shares of the company’s stock worth $1,680,000 after acquiring an additional 4,560 shares during the last quarter. Brandywine Global Investment Management LLC bought a new position in Evergy in the second quarter worth about $10,534,000. LPL Financial LLC lifted its holdings in Evergy by 4.5% in the second quarter. LPL Financial LLC now owns 65,682 shares of the company’s stock worth $3,969,000 after acquiring an additional 2,836 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in Evergy by 3.0% in the second quarter. Moneta Group Investment Advisors LLC now owns 43,505 shares of the company’s stock worth $2,629,000 after acquiring an additional 1,274 shares during the last quarter. Finally, Blueshift Asset Management LLC bought a new position in Evergy in the second quarter worth about $1,012,000. 85.80% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have commented on the stock. Bank of America lowered shares of Evergy from a “buy” rating to a “neutral” rating and set a $65.00 price target on the stock. in a research note on Wednesday, September 15th. Seaport Global Securities began coverage on shares of Evergy in a research note on Wednesday, July 7th. They set a “buy” rating and a $68.00 price objective on the stock. Wells Fargo & Company lowered their price objective on shares of Evergy from $72.00 to $68.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 22nd. Evercore ISI reiterated a “buy” rating and set a $70.00 price objective on shares of Evergy in a research note on Wednesday, September 22nd. Finally, Seaport Res Ptn reiterated a “buy” rating on shares of Evergy in a research note on Wednesday, July 7th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Evergy presently has a consensus rating of “Buy” and an average target price of $68.00.
Evergy stock opened at $62.70 on Thursday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.44 and a current ratio of 0.64. The firm has a market cap of $14.38 billion, a price-to-earnings ratio of 18.07, a price-to-earnings-growth ratio of 3.42 and a beta of 0.38. Evergy, Inc. has a 1 year low of $51.88 and a 1 year high of $69.45. The firm’s 50 day moving average price is $65.93 and its two-hundred day moving average price is $63.85.
Evergy (NYSE:EVRG) last posted its quarterly earnings results on Thursday, August 5th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.12. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. Evergy had a net margin of 14.51% and a return on equity of 8.82%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.68 earnings per share. As a group, equities analysts predict that Evergy, Inc. will post 3.33 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 20th. Investors of record on Friday, August 20th were paid a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date was Thursday, August 19th. Evergy’s dividend payout ratio is 69.03%.
Evergy Company Profile
Evergy, Inc is a holding company, which engages in the provision of electricity through its subsidiaries. It focuses on the regulation of electric utilities and development of electric transmission projects. The company was founded in 2017 and is headquartered in Kansas City, MO.
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