Evergy, Inc. (NASDAQ:EVRG) Position Reduced by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC cut its holdings in shares of Evergy, Inc. (NASDAQ:EVRG) by 5.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,714,385 shares of the company’s stock after selling 95,737 shares during the quarter. Evergy makes up approximately 1.6% of Thompson Siegel & Walmsley LLC’s portfolio, making the stock its 5th largest holding. Thompson Siegel & Walmsley LLC’s holdings in Evergy were worth $105,520,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Miller Howard Investments Inc. NY raised its position in shares of Evergy by 1.4% in the 4th quarter. Miller Howard Investments Inc. NY now owns 11,741 shares of the company’s stock worth $723,000 after purchasing an additional 162 shares during the last quarter. Quent Capital LLC increased its holdings in Evergy by 4.6% in the 4th quarter. Quent Capital LLC now owns 3,692 shares of the company’s stock worth $227,000 after buying an additional 163 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in Evergy by 2.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 7,778 shares of the company’s stock worth $482,000 after buying an additional 168 shares in the last quarter. Empirical Finance LLC increased its holdings in Evergy by 2.3% in the 3rd quarter. Empirical Finance LLC now owns 7,751 shares of the company’s stock worth $481,000 after buying an additional 171 shares in the last quarter. Finally, Mather Group LLC. increased its holdings in Evergy by 5.7% in the 4th quarter. Mather Group LLC. now owns 3,231 shares of the company’s stock worth $199,000 after buying an additional 173 shares in the last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.

Evergy Price Performance

Shares of EVRG stock opened at $66.30 on Thursday. Evergy, Inc. has a fifty-two week low of $49.55 and a fifty-two week high of $69.93. The firm has a market capitalization of $15.25 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 2.82 and a beta of 0.62. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The stock’s 50-day simple moving average is $64.80 and its 200-day simple moving average is $62.67.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.11). The business had revenue of $1.26 billion for 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%. As a group, equities analysts forecast that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date is Monday, March 10th. Evergy’s payout ratio is presently 70.45%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Barclays boosted their price target on Evergy from $62.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. LADENBURG THALM/SH SH upgraded Evergy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $59.00 to $68.50 in a research note on Thursday, January 2nd. Finally, Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $66.79.

Evergy Company 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.