Pacer Advisors Inc. Reduces Stock Holdings in Evergy, Inc. (NYSE:EVRG)

Pacer Advisors Inc. reduced its stake in shares of Evergy, Inc. (NYSE:EVRGFree Report) by 32.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,208 shares of the company’s stock after selling 7,161 shares during the quarter. Pacer Advisors Inc.’s holdings in Evergy were worth $794,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Metis Global Partners LLC increased its holdings in Evergy by 20.5% during the 3rd quarter. Metis Global Partners LLC now owns 8,326 shares of the company’s stock worth $422,000 after purchasing an additional 1,419 shares during the last quarter. Creative Planning grew its position in shares of Evergy by 25.2% in the 3rd quarter. Creative Planning now owns 107,816 shares of the company’s stock worth $5,466,000 after acquiring an additional 21,690 shares in the last quarter. BKM Wealth Management LLC acquired a new position in shares of Evergy in the 4th quarter worth approximately $95,000. Brookstone Capital Management grew its position in shares of Evergy by 17.0% in the 4th quarter. Brookstone Capital Management now owns 20,246 shares of the company’s stock worth $1,057,000 after acquiring an additional 2,943 shares in the last quarter. Finally, Pearl River Capital LLC acquired a new position in shares of Evergy in the 3rd quarter worth approximately $752,000. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Evergy Trading Down 0.5 %

NYSE:EVRG opened at $52.72 on Thursday. Evergy, Inc. has a 12-month low of $46.92 and a 12-month high of $63.93. The firm has a market capitalization of $12.11 billion, a P/E ratio of 16.58, a P/E/G ratio of 2.42 and a beta of 0.57. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.51 and a quick ratio of 0.29. The business has a 50 day simple moving average of $50.79 and a 200 day simple moving average of $50.94.

Evergy (NYSE:EVRGGet Free Report) last announced its earnings results on Thursday, February 29th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.03). The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.46 billion. Evergy had a net margin of 13.28% and a return on equity of 8.47%. During the same period in the previous year, the firm earned $0.30 EPS. Equities research analysts predict that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 11th were paid a dividend of $0.6425 per share. This represents a $2.57 annualized dividend and a yield of 4.87%. The ex-dividend date was Friday, March 8th. Evergy’s payout ratio is currently 80.82%.

Wall Street Analyst Weigh In

EVRG has been the subject of several research reports. Citigroup initiated coverage on Evergy in a research report on Tuesday, March 26th. They issued a “buy” rating and a $64.00 target price for the company. Barclays lifted their target price on Evergy from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, March 14th. Guggenheim lowered Evergy from a “buy” rating to a “neutral” rating and set a $52.00 target price for the company. in a research report on Monday, January 22nd. Bank of America upgraded Evergy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $51.00 to $57.00 in a research report on Wednesday, March 13th. Finally, Wells Fargo & Company reduced their price objective on Evergy from $60.00 to $57.00 and set an “overweight” rating for the company in a research report on Friday, March 1st. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Evergy presently has an average rating of “Moderate Buy” and an average target price of $57.00.

Get Our Latest Research Report on Evergy

Evergy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Evergy (NYSE:EVRG)

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