Barclays PLC Has $14.95 Million Stock Position in Evergy, Inc. (NYSE:EVRG)

Barclays PLC increased its position in shares of Evergy, Inc. (NYSE:EVRGGet Rating) by 1.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 251,721 shares of the company’s stock after purchasing an additional 4,384 shares during the quarter. Barclays PLC owned approximately 0.11% of Evergy worth $14,951,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in EVRG. Arizona State Retirement System increased its position in Evergy by 0.3% in the 2nd quarter. Arizona State Retirement System now owns 63,999 shares of the company’s stock valued at $4,176,000 after acquiring an additional 171 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Evergy by 1.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 14,198 shares of the company’s stock valued at $969,000 after acquiring an additional 179 shares in the last quarter. Garner Asset Management Corp increased its position in Evergy by 2.4% in the 2nd quarter. Garner Asset Management Corp now owns 8,141 shares of the company’s stock valued at $531,000 after acquiring an additional 191 shares in the last quarter. Larson Financial Group LLC increased its position in Evergy by 16.5% in the 2nd quarter. Larson Financial Group LLC now owns 1,348 shares of the company’s stock valued at $88,000 after acquiring an additional 191 shares in the last quarter. Finally, Moors & Cabot Inc. increased its position in Evergy by 2.2% in the 2nd quarter. Moors & Cabot Inc. now owns 9,265 shares of the company’s stock valued at $605,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 83.84% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on EVRG shares. Seaport Res Ptn cut shares of Evergy from a “buy” rating to a “neutral” rating in a research report on Monday, November 21st. UBS Group lowered their price objective on shares of Evergy to $65.00 in a research report on Monday, November 21st. Bank of America cut shares of Evergy from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $64.00 to $54.00 in a research report on Wednesday, November 23rd. Wells Fargo & Company lifted their price target on shares of Evergy to $69.00 in a research report on Wednesday, December 14th. Finally, Credit Suisse Group cut shares of Evergy from an “outperform” rating to an “underperform” rating and lowered their price target for the stock from $61.00 to $57.00 in a research report on Tuesday, November 29th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $61.80.

Evergy Stock Up 2.0 %

Shares of NYSE:EVRG opened at $61.35 on Wednesday. Evergy, Inc. has a one year low of $54.12 and a one year high of $73.13. The company has a 50 day moving average of $61.41 and a 200-day moving average of $63.51. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.52 and a quick ratio of 0.35. The stock has a market cap of $14.08 billion, a price-to-earnings ratio of 16.66, a P/E/G ratio of 3.10 and a beta of 0.48.

Evergy (NYSE:EVRGGet Rating) last issued its quarterly earnings results on Friday, November 4th. The company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.89 by $0.12. Evergy had a net margin of 14.01% and a return on equity of 8.89%. The company had revenue of $1.91 billion during the quarter. On average, sell-side analysts forecast that Evergy, Inc. will post 3.59 earnings per share for the current year.

Evergy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 20th. Investors of record on Friday, November 18th were paid a dividend of $0.6125 per share. This is a positive change from Evergy’s previous quarterly dividend of $0.57. The ex-dividend date was Thursday, November 17th. This represents a $2.45 annualized dividend and a yield of 3.99%. Evergy’s dividend payout ratio (DPR) is presently 70.81%.

Evergy Profile

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Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Kansas and Missouri, the United States. It generates electricity through coal, hydroelectric, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources.

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Institutional Ownership by Quarter for Evergy (NYSE:EVRG)

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