Evergy Inc. (NASDAQ:EVRG) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC cut its position in shares of Evergy Inc. (NASDAQ:EVRG) by 7.4% during the 1st quarter, Holdings Channel reports. The firm owned 3,019 shares of the company’s stock after selling 241 shares during the period. Sequoia Financial Advisors LLC’s holdings in Evergy were worth $208,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Bfsg LLC acquired a new position in shares of Evergy during the 1st quarter valued at $25,000. Lee Danner & Bass Inc. acquired a new position in shares of Evergy during the 4th quarter valued at $26,000. Alpine Bank Wealth Management acquired a new position in shares of Evergy during the 1st quarter valued at $32,000. Colonial Trust Co SC acquired a new position in shares of Evergy during the 4th quarter valued at $32,000. Finally, Sandy Spring Bank increased its position in shares of Evergy by 5,983.3% during the 4th quarter. Sandy Spring Bank now owns 730 shares of the company’s stock valued at $45,000 after purchasing an additional 718 shares during the period. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on EVRG shares. Barclays lowered their price target on Evergy from $73.00 to $71.00 and set an “overweight” rating on the stock in a research report on Friday, May 30th. Wall Street Zen cut Evergy from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. Citigroup lifted their target price on Evergy from $77.00 to $79.00 and gave the stock a “buy” rating in a report on Friday, May 16th. BMO Capital Markets started coverage on Evergy in a report on Tuesday, May 13th. They issued an “outperform” rating and a $75.00 target price on the stock. Finally, UBS Group upgraded Evergy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $68.00 to $78.00 in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $73.19.

Evergy Stock Performance

Shares of Evergy stock opened at $70.15 on Friday. The stock has a market cap of $16.14 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 3.05 and a beta of 0.50. The business has a fifty day simple moving average of $67.35 and a 200-day simple moving average of $65.99. The company has a quick ratio of 0.29, a current ratio of 0.55 and a debt-to-equity ratio of 1.24. Evergy Inc. has a 12 month low of $52.32 and a 12 month high of $70.36.

Evergy (NASDAQ:EVRG) last issued its earnings results on Thursday, May 8th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.12). The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.21 billion. Evergy had a return on equity of 8.84% and a net margin of 14.87%. During the same period last year, the business earned $0.54 EPS. On average, sell-side analysts anticipate that Evergy Inc. will post 3.83 EPS for the current fiscal year.

Evergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, May 23rd were given a $0.6675 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $2.67 annualized dividend and a dividend yield of 3.81%. Evergy’s dividend payout ratio (DPR) is presently 70.26%.

Evergy Profile

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.