Prudential Financial Inc. Has $7.75 Million Holdings in Evergy, Inc. (NASDAQ:EVRG)

Prudential Financial Inc. lessened its position in Evergy, Inc. (NASDAQ:EVRG) by 39.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 122,899 shares of the company’s stock after selling 79,221 shares during the quarter. Prudential Financial Inc. owned approximately 0.05% of Evergy worth $7,750,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EVRG. Vanguard Group Inc. lifted its holdings in shares of Evergy by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 30,665,885 shares of the company’s stock valued at $1,887,485,000 after purchasing an additional 221,086 shares in the last quarter. American Century Companies Inc. lifted its stake in Evergy by 3.8% in the 4th quarter. American Century Companies Inc. now owns 3,555,122 shares of the company’s stock worth $218,818,000 after acquiring an additional 130,804 shares in the last quarter. Mizuho Securities USA LLC boosted its position in Evergy by 46.2% during the 4th quarter. Mizuho Securities USA LLC now owns 21,797 shares of the company’s stock worth $1,342,000 after acquiring an additional 6,885 shares during the period. Summit Global Investments grew its stake in Evergy by 34.1% during the 4th quarter. Summit Global Investments now owns 154,314 shares of the company’s stock valued at $9,498,000 after acquiring an additional 39,211 shares in the last quarter. Finally, Lee Danner & Bass Inc. acquired a new position in shares of Evergy in the 4th quarter valued at about $26,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Stock Performance

Shares of EVRG opened at $67.87 on Friday. The firm has a market cap of $15.61 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 2.82 and a beta of 0.62. The company’s fifty day moving average is $66.26 and its 200-day moving average is $63.32. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. Evergy, Inc. has a 12 month low of $49.55 and a 12 month high of $69.93.

Evergy (NASDAQ:EVRG) last posted its earnings results on Thursday, February 27th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.11). Evergy had a return on equity of 8.77% and a net margin of 14.77%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. Equities analysts expect that Evergy, Inc. will post 3.83 EPS for the current fiscal year.

Evergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a $0.6675 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.67 annualized dividend and a yield of 3.93%. Evergy’s dividend payout ratio (DPR) is currently 70.45%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Barclays raised 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. Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. UBS Group upped 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. Finally, LADENBURG THALM/SH SH raised Evergy to a “strong-buy” rating in a research report on Monday, March 17th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $69.08.

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.