Wells Fargo & Company MN Trims Stock Holdings in Evergy, Inc. (NYSE:EVRG)

Wells Fargo & Company MN decreased its holdings in Evergy, Inc. (NYSE:EVRGFree Report) by 18.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,694 shares of the company’s stock after selling 30,943 shares during the period. Wells Fargo & Company MN’s holdings in Evergy were worth $7,135,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of EVRG. Vanguard Group Inc. boosted its position in shares of Evergy by 0.6% in the third quarter. Vanguard Group Inc. now owns 29,358,216 shares of the company’s stock valued at $1,488,462,000 after acquiring an additional 186,235 shares during the period. Invesco Ltd. boosted its position in shares of Evergy by 5.1% in the third quarter. Invesco Ltd. now owns 5,379,004 shares of the company’s stock valued at $272,716,000 after acquiring an additional 261,664 shares during the period. Northern Trust Corp boosted its position in shares of Evergy by 1.4% in the third quarter. Northern Trust Corp now owns 2,958,136 shares of the company’s stock valued at $149,977,000 after acquiring an additional 40,916 shares during the period. Federated Hermes Inc. boosted its position in shares of Evergy by 41.3% in the fourth quarter. Federated Hermes Inc. now owns 2,942,415 shares of the company’s stock valued at $153,594,000 after acquiring an additional 860,433 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of Evergy by 11.6% in the third quarter. American Century Companies Inc. now owns 2,670,913 shares of the company’s stock valued at $135,415,000 after acquiring an additional 277,892 shares during the period. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Evergy Trading Down 0.7 %

Shares of EVRG opened at $53.41 on Friday. The firm has a market cap of $12.28 billion, a price-to-earnings ratio of 17.38, a PEG ratio of 2.84 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, Inc. has a fifty-two week low of $46.92 and a fifty-two week high of $61.84. The firm has a 50 day moving average price of $53.28 and a 200-day moving average price of $51.93.

Evergy (NYSE:EVRGGet Free Report) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.07). The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.35 billion. Evergy had a return on equity of 8.32% and a net margin of 12.84%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 earnings per share. As a group, equities research analysts forecast that Evergy, Inc. will post 3.84 earnings per share for the current year.

Evergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Monday, May 20th will be paid a $0.6425 dividend. This represents a $2.57 annualized dividend and a dividend yield of 4.81%. The ex-dividend date is Friday, May 17th. Evergy’s payout ratio is 83.17%.

Wall Street Analyst Weigh In

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

View Our Latest Stock Analysis on EVRG

About Evergy

(Free Report)

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.

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Institutional Ownership by Quarter for Evergy (NYSE:EVRG)

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