Trust Co of Kansas Reduces Position in Evergy, Inc. (NYSE:EVRG)

Trust Co of Kansas lessened its stake in shares of Evergy, Inc. (NYSE:EVRG) by 4.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,759 shares of the company’s stock after selling 400 shares during the period. Trust Co of Kansas’ holdings in Evergy were worth $457,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of EVRG. Leavell Investment Management Inc. bought a new stake in shares of Evergy during the third quarter valued at approximately $202,000. Exchange Traded Concepts LLC raised its stake in shares of Evergy by 3.1% during the third quarter. Exchange Traded Concepts LLC now owns 10,457 shares of the company’s stock valued at $530,000 after acquiring an additional 311 shares in the last quarter. Caprock Group LLC raised its stake in shares of Evergy by 4.0% during the third quarter. Caprock Group LLC now owns 5,751 shares of the company’s stock valued at $292,000 after acquiring an additional 222 shares in the last quarter. Oak Thistle LLC raised its stake in shares of Evergy by 266.2% during the third quarter. Oak Thistle LLC now owns 42,271 shares of the company’s stock valued at $2,143,000 after acquiring an additional 30,728 shares in the last quarter. Finally, Czech National Bank raised its stake in Evergy by 47.7% in the third quarter. Czech National Bank now owns 40,147 shares of the company’s stock worth $2,035,000 after buying an additional 12,958 shares in the last quarter. Institutional investors own 87.24% of the company’s stock.

Evergy Stock Up 0.1 %

Shares of EVRG stock traded up $0.04 during trading hours on Tuesday, reaching $52.30. 975,325 shares of the company’s stock were exchanged, compared to its average volume of 2,551,399. The stock’s 50 day moving average is $51.19 and its 200-day moving average is $50.94. The company has a market cap of $12.02 billion, a price-to-earnings ratio of 16.43, a P/E/G ratio of 2.70 and a beta of 0.57. The company has a current ratio of 0.51, a quick ratio of 0.29 and a debt-to-equity ratio of 1.14. Evergy, Inc. has a fifty-two week low of $46.92 and a fifty-two week high of $63.84.

Evergy (NYSE:EVRG) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Evergy had a net margin of 13.28% and a return on equity of 8.47%. During the same period last year, the firm earned $0.30 earnings per share. Analysts predict that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.

Evergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were issued a dividend of $0.6425 per share. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.91%. The ex-dividend date of this dividend was Friday, March 8th. Evergy’s dividend payout ratio (DPR) is presently 80.82%.

Wall Street Analysts Forecast Growth

EVRG has been the subject of a number of recent research reports. Citigroup initiated coverage on shares of Evergy in a research note on Tuesday, March 26th. They issued a “buy” rating and a $64.00 price objective for the company. Wells Fargo & Company reduced their price objective on shares of Evergy from $60.00 to $57.00 and set an “overweight” rating for the company in a research note on Friday, March 1st. LADENBURG THALM/SH SH initiated coverage on shares of Evergy in a research note on Thursday, April 4th. They issued a “neutral” rating and a $51.00 price objective for the company. Barclays boosted their price objective on shares of Evergy from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, March 14th. Finally, Bank of America raised shares of Evergy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $51.00 to $57.00 in a research note on Wednesday, March 13th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.00.

Evergy 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.