Commonwealth of Pennsylvania Public School Empls Retrmt SYS Trims Stock Position in Evergy, Inc. (NASDAQ:EVRG)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its holdings in Evergy, Inc. (NASDAQ:EVRG) by 0.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 423,409 shares of the company’s stock after selling 1,731 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Evergy were worth $26,061,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. HighTower Advisors LLC raised its stake in shares of Evergy by 391.1% in the 3rd quarter. HighTower Advisors LLC now owns 97,186 shares of the company’s stock valued at $6,030,000 after acquiring an additional 77,398 shares during the period. Allworth Financial LP increased its holdings in Evergy by 84.6% in the 4th quarter. Allworth Financial LP now owns 7,975 shares of the company’s stock valued at $501,000 after purchasing an additional 3,654 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Evergy in the fourth quarter valued at approximately $49,000. BNP Paribas Financial Markets lifted its stake in Evergy by 34.0% during the third quarter. BNP Paribas Financial Markets now owns 945,148 shares of the company’s stock worth $58,609,000 after purchasing an additional 239,599 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Evergy by 29.1% during the third quarter. Bank of Montreal Can now owns 997,832 shares of the company’s stock worth $61,806,000 after buying an additional 224,679 shares during the period. Institutional investors and hedge funds own 87.24% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Barclays boosted their price objective on Evergy from $62.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, March 7th. LADENBURG THALM/SH SH upgraded shares of Evergy to a “strong-buy” rating in a research note on Monday. Finally, Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $68.42.

Evergy Stock Performance

Shares of EVRG opened at $67.97 on Friday. Evergy, Inc. has a 1 year low of $49.55 and a 1 year high of $69.93. The stock has a market capitalization of $15.63 billion, a PE ratio of 18.37, a PEG ratio of 2.82 and a beta of 0.62. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The stock has a 50-day simple moving average of $65.58 and a 200-day simple moving average of $63.00.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.11). Evergy had a return on equity of 8.77% and a net margin of 14.77%. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. On average, analysts predict that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date is Monday, March 10th. Evergy’s dividend payout ratio is presently 70.45%.

About Evergy

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.