Tucker Asset Management LLC Sells 517 Shares of Evergy, Inc. (NASDAQ:EVRG)

Tucker Asset Management LLC lessened its holdings in Evergy, Inc. (NASDAQ:EVRG) by 18.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,294 shares of the company’s stock after selling 517 shares during the period. Tucker Asset Management LLC’s holdings in Evergy were worth $141,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of EVRG. Lee Danner & Bass Inc. acquired a new position in shares of Evergy during the fourth quarter worth $26,000. National Pension Service acquired a new position in Evergy in the 4th quarter worth about $30,000. Bank of Jackson Hole Trust acquired a new position in Evergy in the 4th quarter worth about $31,000. Sandy Spring Bank raised its position in Evergy by 5,983.3% in the fourth quarter. Sandy Spring Bank now owns 730 shares of the company’s stock valued at $45,000 after purchasing an additional 718 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Evergy during the fourth quarter valued at about $49,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on EVRG. Guggenheim upgraded shares of Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Barclays lifted their target price on Evergy from $62.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. UBS Group increased their price target on Evergy from $66.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Finally, LADENBURG THALM/SH SH upgraded Evergy to a “strong-buy” rating in a research report on Monday, March 17th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $69.08.

Evergy Stock Performance

Shares of Evergy stock opened at $67.87 on Friday. The business has a 50-day moving average price of $66.26 and a two-hundred day moving average price of $63.32. Evergy, Inc. has a 1-year low of $49.55 and a 1-year high of $69.93. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The company has a market cap of $15.61 billion, a P/E ratio of 18.34, a PEG ratio of 2.82 and a beta of 0.62.

Evergy (NASDAQ:EVRG) last released its earnings results on Thursday, February 27th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.11). Evergy had a return on equity of 8.77% and a net margin of 14.77%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. As a group, analysts anticipate that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a dividend of $0.6675 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.93%. Evergy’s dividend payout ratio (DPR) is presently 70.45%.

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.