Wealthspire Advisors LLC Purchases Shares of 18,817 Evergy, Inc. (NYSE:EVRG)

Wealthspire Advisors LLC acquired a new position in shares of Evergy, Inc. (NYSE:EVRG) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 18,817 shares of the company’s stock, valued at approximately $982,000.

Several other large investors have also made changes to their positions in the company. CVA Family Office LLC bought a new position in shares of Evergy during the fourth quarter worth about $29,000. Hexagon Capital Partners LLC raised its holdings in shares of Evergy by 222.2% during the fourth quarter. Hexagon Capital Partners LLC now owns 667 shares of the company’s stock valued at $35,000 after acquiring an additional 460 shares during the period. Itau Unibanco Holding S.A. purchased a new position in Evergy during the 3rd quarter worth approximately $35,000. MV Capital Management Inc. raised its stake in Evergy by 3,263.6% during the 4th quarter. MV Capital Management Inc. now owns 740 shares of the company’s stock valued at $39,000 after purchasing an additional 718 shares during the period. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Evergy by 105.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 785 shares of the company’s stock valued at $41,000 after purchasing an additional 403 shares in the last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.

Evergy Stock Down 0.2 %

Shares of NYSE EVRG traded down $0.12 during midday trading on Friday, reaching $55.60. The company’s stock had a trading volume of 480,162 shares, compared to its average volume of 2,497,651. The stock has a 50 day simple moving average of $52.07 and a 200-day simple moving average of $51.27. The company has a current ratio of 0.51, a quick ratio of 0.29 and a debt-to-equity ratio of 1.14. Evergy, Inc. has a fifty-two week low of $46.92 and a fifty-two week high of $63.39. The stock has a market capitalization of $12.77 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 2.82 and a beta of 0.57.

Evergy (NYSE:EVRG) last issued its earnings results on Thursday, May 9th. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.37). The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.35 billion. Evergy had a return on equity of 8.47% and a net margin of 13.28%. Evergy’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 earnings per share. Equities research analysts predict that Evergy, Inc. will post 3.84 earnings per share for the current year.

Evergy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Monday, May 20th will be issued a dividend of $0.6425 per share. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.62%. Evergy’s dividend payout ratio is presently 80.82%.

Wall Street Analysts Forecast Growth

EVRG has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Evergy from $60.00 to $57.00 and set an “overweight” rating on the stock in a research report on Friday, March 1st. LADENBURG THALM/SH SH started coverage on shares of Evergy in a report on Thursday, April 4th. They set a “neutral” rating and a $51.00 price target for the company. Bank of America raised Evergy from a “neutral” rating to a “buy” rating and raised their price target for the company from $51.00 to $57.00 in a research report on Wednesday, March 13th. Citigroup assumed coverage on Evergy in a report on Tuesday, March 26th. They issued a “buy” rating and a $64.00 target price on the stock. Finally, Guggenheim lowered shares of Evergy from a “buy” rating to a “neutral” rating and set a $52.00 target price on the stock. in a research report on Monday, January 22nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $56.00.

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.