Westwood Holdings Group Inc. Acquires 466 Shares of Evergy, Inc. (NYSE:EVRG)

Westwood Holdings Group Inc. raised its holdings in shares of Evergy, Inc. (NYSE:EVRG) by 8.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 6,076 shares of the company’s stock after acquiring an additional 466 shares during the period. Westwood Holdings Group Inc.’s holdings in Evergy were worth $324,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CVA Family Office LLC bought a new stake in shares of Evergy during the 4th quarter valued at $29,000. Fidelis Capital Partners LLC acquired a new position in shares of Evergy in the 1st quarter valued at $32,000. Toth Financial Advisory Corp increased its position in shares of Evergy by 199.5% in the 1st quarter. Toth Financial Advisory Corp now owns 635 shares of the company’s stock valued at $34,000 after buying an additional 423 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in Evergy by 222.2% during the 4th quarter. Hexagon Capital Partners LLC now owns 667 shares of the company’s stock worth $35,000 after buying an additional 460 shares during the period. Finally, MV Capital Management Inc. lifted its holdings in Evergy by 3,263.6% during the fourth quarter. MV Capital Management Inc. now owns 740 shares of the company’s stock worth $39,000 after acquiring an additional 718 shares in the last quarter. Institutional investors own 87.24% of the company’s stock.

Analysts Set New Price Targets

EVRG has been the subject of several recent analyst reports. Wells Fargo & Company increased their price target on Evergy from $57.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, May 10th. LADENBURG THALM/SH SH initiated coverage on Evergy in a research report on Thursday, April 4th. They set a “neutral” rating and a $51.00 price target on the stock. Finally, Barclays raised their price target on Evergy from $56.00 to $61.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 14th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $57.83.

Evergy Stock Up 0.7 %

Evergy stock traded up $0.42 during midday trading on Friday, reaching $56.75. The stock had a trading volume of 1,610,306 shares, compared to its average volume of 1,368,896. The firm’s fifty day simple moving average is $53.81 and its 200-day simple moving average is $52.44. Evergy, Inc. has a 1-year low of $46.92 and a 1-year high of $61.15. The stock has a market capitalization of $13.05 billion, a P/E ratio of 18.37, a price-to-earnings-growth ratio of 2.93 and a beta of 0.60. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.32 and a current ratio of 0.57.

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

Evergy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Monday, May 20th were given a $0.6425 dividend. This represents a $2.57 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date was Friday, May 17th. Evergy’s dividend payout ratio is presently 83.17%.

Evergy Company 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.