Evergy, Inc. (NASDAQ:EVRG) Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC trimmed its holdings in shares of Evergy, Inc. (NASDAQ:EVRG) by 0.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 452,140 shares of the company’s stock after selling 247 shares during the quarter. CIBC Private Wealth Group LLC owned 0.20% of Evergy worth $27,540,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of EVRG. FMR LLC increased its position in shares of Evergy by 131.4% during the third quarter. FMR LLC now owns 2,004,414 shares of the company’s stock valued at $124,294,000 after acquiring an additional 1,138,138 shares during the last quarter. SG Americas Securities LLC increased its holdings in Evergy by 15,406.4% in the 4th quarter. SG Americas Securities LLC now owns 921,546 shares of the company’s stock valued at $56,721,000 after purchasing an additional 915,603 shares during the last quarter. Brandes Investment Partners LP purchased a new stake in Evergy in the fourth quarter valued at approximately $55,652,000. Point72 Asset Management L.P. lifted its stake in Evergy by 25.8% during the third quarter. Point72 Asset Management L.P. now owns 2,848,735 shares of the company’s stock worth $176,650,000 after purchasing an additional 583,923 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Evergy during the fourth quarter worth $32,488,000. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EVRG has been the topic of several research analyst reports. Barclays boosted their price objective on Evergy from $62.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, March 7th. UBS Group boosted their price target on shares of Evergy from $66.00 to $68.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. LADENBURG THALM/SH SH raised shares of Evergy to a “strong-buy” rating in a research note on Monday, March 17th. Finally, Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $69.08.

Evergy Stock Up 1.6 %

EVRG stock opened at $68.95 on Tuesday. The company’s 50 day moving average price is $66.37 and its 200 day moving average price is $63.40. The firm has a market capitalization of $15.86 billion, a price-to-earnings ratio of 18.64, a PEG ratio of 2.82 and a beta of 0.62. Evergy, Inc. has a fifty-two week low of $49.55 and a fifty-two week high of $69.93. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.11). The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. On average, equities research analysts anticipate that Evergy, Inc. will post 3.83 EPS for the current fiscal year.

Evergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date was Monday, March 10th. Evergy’s dividend payout ratio (DPR) is 70.45%.

About Evergy

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.