Evergy, Inc. (NASDAQ:EVRG) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its stake in shares of Evergy, Inc. (NASDAQ:EVRG) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 423,409 shares of the company’s stock after selling 1,731 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.18% of Evergy worth $26,061,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. National Pension Service purchased a new stake in shares of Evergy during the 4th quarter worth about $30,000. Bank of Jackson Hole Trust purchased a new position in Evergy during the fourth quarter worth approximately $31,000. Truvestments Capital LLC acquired a new stake in Evergy in the third quarter valued at approximately $32,000. Sandy Spring Bank increased its position in shares of Evergy by 5,983.3% in the fourth quarter. Sandy Spring Bank now owns 730 shares of the company’s stock valued at $45,000 after buying an additional 718 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Evergy during the 4th quarter worth approximately $49,000. 87.24% of the stock is owned by institutional investors and hedge funds.

Evergy Stock Performance

NASDAQ:EVRG opened at $67.97 on Friday. The company has a market cap of $15.63 billion, a P/E ratio of 18.37, a P/E/G ratio of 2.82 and a beta of 0.62. Evergy, Inc. has a twelve month low of $49.55 and a twelve month high of $69.93. The company’s 50-day moving average price is $65.58 and its 200-day moving average price is $63.00. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.11). Evergy had a net margin of 14.77% and a return on equity of 8.77%. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. On average, sell-side 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. Stockholders of record on Monday, March 10th will be issued a dividend of $0.6675 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.67 annualized dividend and a dividend yield of 3.93%. Evergy’s dividend payout ratio is presently 70.45%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on EVRG shares. Barclays boosted their price target on shares of Evergy from $62.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. LADENBURG THALM/SH SH raised shares of Evergy to a “strong-buy” rating in a research note on Monday. Finally, Guggenheim raised shares of 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, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $68.42.

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.