Aigen Investment Management LP Lowers Stake in Evergy, Inc. (NYSE:EVRG)

Aigen Investment Management LP reduced its position in Evergy, Inc. (NYSE:EVRGFree Report) by 74.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,937 shares of the company’s stock after selling 14,351 shares during the quarter. Aigen Investment Management LP’s holdings in Evergy were worth $258,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Metis Global Partners LLC increased its holdings in shares of Evergy by 20.5% in the third quarter. Metis Global Partners LLC now owns 8,326 shares of the company’s stock worth $422,000 after buying an additional 1,419 shares during the period. CTC Alternative Strategies Ltd. purchased a new position in shares of Evergy in the fourth quarter worth $1,121,000. OLD Republic International Corp raised its holdings in Evergy by 31.7% during the 4th quarter. OLD Republic International Corp now owns 830,246 shares of the company’s stock valued at $43,339,000 after buying an additional 200,000 shares during the last quarter. RNC Capital Management LLC boosted its position in Evergy by 8.6% during the 4th quarter. RNC Capital Management LLC now owns 586,133 shares of the company’s stock valued at $30,596,000 after buying an additional 46,437 shares during the period. Finally, Natixis Advisors L.P. grew its holdings in Evergy by 24.6% in the 4th quarter. Natixis Advisors L.P. now owns 90,034 shares of the company’s stock worth $4,699,000 after acquiring an additional 17,788 shares during the last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.

Evergy Stock Performance

Shares of Evergy stock opened at $53.43 on Monday. The business has a fifty day simple moving average of $52.98 and a two-hundred day simple moving average of $51.72. The firm has a market capitalization of $12.29 billion, a P/E ratio of 15.27, a P/E/G ratio of 2.78 and a beta of 0.57. The company has a current ratio of 0.57, a quick ratio of 0.32 and a debt-to-equity ratio of 1.21. Evergy, Inc. has a 12 month low of $46.92 and a 12 month high of $61.84.

Evergy (NYSE:EVRGGet Free Report) last released its earnings results on Thursday, May 9th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.07). Evergy had a net margin of 12.84% and a return on equity of 8.32%. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the previous year, the business posted $0.59 earnings per share. Evergy’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, equities analysts forecast that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.

Evergy Announces Dividend

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

Wall Street Analyst Weigh In

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

Check Out Our Latest Report on Evergy

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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