Benjamin F. Edwards & Company Inc. boosted its stake in shares of Evergy, Inc. (NYSE:EVRG – Get Rating) by 487.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,275 shares of the company’s stock after acquiring an additional 1,058 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Evergy were worth $76,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hexagon Capital Partners LLC boosted its stake in shares of Evergy by 227.8% during the 3rd quarter. Hexagon Capital Partners LLC now owns 413 shares of the company’s stock worth $25,000 after purchasing an additional 287 shares during the period. Private Trust Co. NA bought a new position in shares of Evergy during the second quarter valued at approximately $28,000. Baystate Wealth Management LLC raised its holdings in shares of Evergy by 135.7% in the second quarter. Baystate Wealth Management LLC now owns 436 shares of the company’s stock worth $29,000 after buying an additional 251 shares during the period. Truvestments Capital LLC purchased a new stake in shares of Evergy in the second quarter worth approximately $31,000. Finally, CoreCap Advisors LLC bought a new stake in shares of Evergy during the 2nd quarter worth approximately $32,000. 83.84% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts have weighed in on EVRG shares. Guggenheim reduced their target price on Evergy from $77.00 to $64.00 in a research note on Monday, October 24th. Seaport Res Ptn downgraded shares of Evergy from a “buy” rating to a “neutral” rating in a research note on Monday, November 21st. Wells Fargo & Company lifted their price objective on shares of Evergy to $69.00 in a report on Wednesday, December 14th. UBS Group dropped their target price on shares of Evergy to $65.00 in a research note on Monday, November 21st. Finally, Bank of America downgraded shares of Evergy from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $64.00 to $54.00 in a research note on Wednesday, November 23rd. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $61.80.
Evergy Stock Down 1.6 %
Evergy (NYSE:EVRG – Get Rating) last released its quarterly earnings data on Friday, November 4th. The company reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.12. The firm had revenue of $1.91 billion for the quarter. Evergy had a net margin of 14.01% and a return on equity of 8.89%. As a group, research analysts expect that Evergy, Inc. will post 3.58 earnings per share for the current fiscal year.
Evergy Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 20th. Stockholders of record on Friday, November 18th were given a $0.6125 dividend. This represents a $2.45 annualized dividend and a dividend yield of 3.90%. This is a positive change from Evergy’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Thursday, November 17th. Evergy’s payout ratio is presently 70.81%.
Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Kansas and Missouri, the United States. It generates electricity through coal, hydroelectric, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources.
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