Guyasuta Investment Advisors Inc. increased its position in Evergy, Inc. (NYSE:EVRG) by 8.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,125 shares of the company’s stock after buying an additional 2,755 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in Evergy were worth $2,062,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its holdings in Evergy by 1,070.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,658,998 shares of the company’s stock valued at $277,350,000 after purchasing an additional 4,260,869 shares during the period. Franklin Resources Inc. grew its holdings in Evergy by 73.0% in the first quarter. Franklin Resources Inc. now owns 5,816,054 shares of the company’s stock valued at $346,229,000 after purchasing an additional 2,454,681 shares during the period. Brookfield Asset Management Inc. purchased a new stake in Evergy in the first quarter valued at approximately $127,216,000. Credit Suisse AG grew its holdings in Evergy by 633.6% in the first quarter. Credit Suisse AG now owns 2,226,653 shares of the company’s stock valued at $132,553,000 after purchasing an additional 1,923,125 shares during the period. Finally, Covalis Capital LLP grew its holdings in Evergy by 119.7% in the first quarter. Covalis Capital LLP now owns 1,440,169 shares of the company’s stock valued at $85,733,000 after purchasing an additional 784,655 shares during the period. 85.80% of the stock is owned by institutional investors and hedge funds.
Several research firms have issued reports on EVRG. 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 for the company. Wells Fargo & Company decreased their price objective on shares of Evergy from $72.00 to $68.00 and set an “equal weight” rating for the company 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. The Goldman Sachs Group upgraded shares of Evergy from a “neutral” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Tuesday, June 15th. Finally, Bank of America downgraded shares of Evergy from a “buy” rating to a “neutral” rating and set a $65.00 price objective for the company. in a research note on Wednesday, September 15th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $68.00.
Shares of EVRG stock traded up $1.05 on Monday, hitting $64.20. The stock had a trading volume of 15,001 shares, compared to its average volume of 1,455,411. The firm has a market capitalization of $14.72 billion, a price-to-earnings ratio of 18.20, a P/E/G ratio of 3.42 and a beta of 0.38. The stock’s 50 day moving average is $66.61 and its 200-day moving average is $63.54. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.44 and a current ratio of 0.64. Evergy, Inc. has a 52-week low of $48.78 and a 52-week high of $69.45.
Evergy (NYSE:EVRG) last announced its earnings results on Thursday, August 5th. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.12. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. Evergy had a net margin of 14.51% and a return on equity of 8.82%. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 earnings per share. Equities analysts expect that Evergy, Inc. will post 3.33 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 20th. Investors of record on Friday, August 20th were issued a $0.535 dividend. The ex-dividend date of this dividend was Thursday, August 19th. This represents a $2.14 annualized dividend and a yield of 3.33%. Evergy’s dividend payout ratio is presently 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.
Featured Story: Understanding debt-to-equity ratio in fundamental analysis
Want to see what other hedge funds are holding EVRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Evergy, Inc. (NYSE:EVRG).
Receive News & Ratings for Evergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evergy and related companies with MarketBeat.com's FREE daily email newsletter.