Securian Asset Management Inc. Sells 1,924 Shares of Evergy, Inc. (NYSE:EVRG)

Securian Asset Management Inc. lessened its stake in shares of Evergy, Inc. (NYSE:EVRG) by 11.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,514 shares of the company’s stock after selling 1,924 shares during the quarter. Securian Asset Management Inc.’s holdings in Evergy were worth $758,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of EVRG. CVA Family Office LLC bought a new position in shares of Evergy during the 4th quarter worth approximately $29,000. Itau Unibanco Holding S.A. bought a new position in shares of Evergy during the 3rd quarter worth approximately $35,000. Hexagon Capital Partners LLC lifted its position in shares of 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. MV Capital Management Inc. lifted its position in shares of 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. Finally, Headinvest LLC bought a new position in shares of Evergy during the 3rd quarter worth approximately $40,000. Institutional investors own 87.24% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Bank of America upgraded Evergy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $51.00 to $57.00 in a research report on Wednesday, March 13th. Citigroup assumed coverage on Evergy in a report on Tuesday, March 26th. They set a “buy” rating and a $64.00 price target for the company. Barclays raised their price target on Evergy from $56.00 to $61.00 and gave the company an “overweight” rating in a report on Tuesday, May 14th. Wells Fargo & Company raised their price target on Evergy from $57.00 to $62.00 and gave the company an “overweight” rating in a report on Friday, May 10th. Finally, LADENBURG THALM/SH SH assumed coverage on Evergy in a report on Thursday, April 4th. They set a “neutral” rating and a $51.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $57.83.

Evergy Stock Down 1.4 %

NYSE EVRG opened at $54.84 on Thursday. The stock has a fifty day moving average of $52.89 and a 200-day moving average of $51.67. The stock has a market capitalization of $12.61 billion, a P/E ratio of 17.75, a price-to-earnings-growth ratio of 2.90 and a beta of 0.57. Evergy, Inc. has a 52 week low of $46.92 and a 52 week high of $61.84. 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 released 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 during the quarter, compared to analyst estimates of $1.35 billion. Evergy had a net margin of 12.84% and a return on equity of 8.32%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the business posted $0.59 earnings per share. On average, equities research analysts forecast that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Monday, May 20th will be paid a $0.6425 dividend. The ex-dividend date is Friday, May 17th. This represents a $2.57 annualized dividend and a dividend yield of 4.69%. Evergy’s dividend payout ratio (DPR) is currently 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.