Twin Capital Management Inc. Sells 2,830 Shares of Evergy, Inc. (NYSE:EVRG)

Twin Capital Management Inc. cut its holdings in shares of Evergy, Inc. (NYSE:EVRG) by 7.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,125 shares of the company’s stock after selling 2,830 shares during the period. Twin Capital Management Inc.’s holdings in Evergy were worth $1,875,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. CVA Family Office LLC bought a new stake in shares of Evergy during the 4th quarter valued at approximately $29,000. Fidelis Capital Partners LLC bought a new stake in shares of Evergy during the 1st quarter valued at about $32,000. Toth Financial Advisory Corp grew its holdings in Evergy by 199.5% in the first quarter. Toth Financial Advisory Corp now owns 635 shares of the company’s stock worth $34,000 after purchasing an additional 423 shares during the period. Hexagon Capital Partners LLC increased its position in Evergy by 222.2% in the 4th quarter. Hexagon Capital Partners LLC now owns 667 shares of the company’s stock valued at $35,000 after buying an additional 460 shares in the last quarter. Finally, 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 worth $39,000 after buying an additional 718 shares during the period. Institutional investors own 87.24% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on EVRG shares. Barclays boosted their price objective on Evergy from $56.00 to $61.00 and gave the company an “overweight” rating in a report on Tuesday, May 14th. 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 objective on the stock. Wells Fargo & Company lifted their price objective on shares of Evergy from $57.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, May 10th. Finally, Citigroup began coverage on shares of Evergy in a report on Tuesday, March 26th. They issued a “buy” rating and a $64.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Evergy has a consensus rating of “Moderate Buy” and a consensus price target of $57.83.

Evergy Stock Up 1.8 %

Evergy stock traded up $1.00 during midday trading on Wednesday, hitting $56.22. 1,320,093 shares of the stock were exchanged, compared to its average volume of 2,190,138. Evergy, Inc. has a 52-week low of $46.92 and a 52-week high of $61.74. The company has a quick ratio of 0.32, a current ratio of 0.57 and a debt-to-equity ratio of 1.21. The business’s 50-day moving average price is $53.76 and its 200-day moving average price is $52.39. The stock has a market capitalization of $12.93 billion, a price-to-earnings ratio of 18.19, a price-to-earnings-growth ratio of 2.88 and a beta of 0.60.

Evergy (NYSE:EVRG) last posted its earnings results on Thursday, May 9th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.07). The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.35 billion. Evergy had a return on equity of 8.32% and a net margin of 12.84%. Evergy’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 EPS. On average, research analysts expect that Evergy, Inc. will post 3.85 EPS for the current fiscal year.

Evergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Monday, May 20th were given a dividend of $0.6425 per share. This represents a $2.57 annualized dividend and a dividend yield of 4.57%. The ex-dividend date was Friday, May 17th. Evergy’s dividend payout ratio is presently 83.17%.

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.