GeoWealth Management LLC Sells 752 Shares of Evergy, Inc. (NASDAQ:EVRG)

GeoWealth Management LLC lessened its holdings in Evergy, Inc. (NASDAQ:EVRG) by 21.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,803 shares of the company’s stock after selling 752 shares during the quarter. GeoWealth Management LLC’s holdings in Evergy were worth $173,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of EVRG. MML Investors Services LLC boosted its position in Evergy by 22.1% in the third quarter. MML Investors Services LLC now owns 5,168 shares of the company’s stock worth $320,000 after purchasing an additional 935 shares during the last quarter. Virtu Financial LLC bought a new stake in Evergy during the 3rd quarter valued at $692,000. World Investment Advisors LLC lifted its holdings in Evergy by 3.9% during the 3rd quarter. World Investment Advisors LLC now owns 5,715 shares of the company’s stock worth $354,000 after purchasing an additional 212 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Evergy in the third quarter worth about $1,030,000. Finally, Synovus Financial Corp grew its position in shares of Evergy by 97.6% during the 3rd quarter. Synovus Financial Corp now owns 17,420 shares of the company’s stock valued at $1,080,000 after purchasing an additional 8,604 shares in the last quarter. 87.24% of the stock is owned by institutional investors.

Evergy Stock Down 0.2 %

Shares of NASDAQ:EVRG opened at $68.20 on Thursday. Evergy, Inc. has a 12-month low of $51.49 and a 12-month high of $70.30. 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 stock’s 50-day moving average price is $67.25 and its 200-day moving average price is $64.08. The stock has a market capitalization of $15.69 billion, a P/E ratio of 18.43, a price-to-earnings-growth ratio of 2.82 and a beta of 0.52.

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

Evergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued 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 yield of 3.91%. Evergy’s dividend payout ratio is presently 70.45%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on EVRG shares. LADENBURG THALM/SH SH raised Evergy to a “strong-buy” rating in a research note on Monday, March 17th. Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Barclays raised their target price on shares of Evergy from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, 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. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $69.25.

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.