Iams Wealth Management LLC Acquires 1,322 Shares of Evergy, Inc. (NYSE:EVRG)

Iams Wealth Management LLC grew its holdings in shares of Evergy, Inc. (NYSE:EVRG) by 15.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,104 shares of the company’s stock after purchasing an additional 1,322 shares during the quarter. Iams Wealth Management LLC’s holdings in Evergy were worth $503,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. LPL Financial LLC raised its stake in shares of Evergy by 16.9% during the third quarter. LPL Financial LLC now owns 78,068 shares of the company’s stock worth $3,958,000 after acquiring an additional 11,276 shares in the last quarter. Mariner LLC raised its stake in shares of Evergy by 1.9% during the third quarter. Mariner LLC now owns 41,069 shares of the company’s stock worth $2,082,000 after acquiring an additional 782 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in shares of Evergy by 28.5% during the third quarter. Treasurer of the State of North Carolina now owns 125,114 shares of the company’s stock worth $6,343,000 after acquiring an additional 27,781 shares in the last quarter. Qube Research & Technologies Ltd raised its stake in shares of Evergy by 753.3% during the third quarter. Qube Research & Technologies Ltd now owns 434,303 shares of the company’s stock worth $22,019,000 after acquiring an additional 383,407 shares in the last quarter. Finally, Teza Capital Management LLC purchased a new position in shares of Evergy during the third quarter worth approximately $1,284,000. Institutional investors own 87.24% of the company’s stock.

Evergy Stock Up 0.2 %

Evergy stock traded up $0.10 on Tuesday, hitting $52.81. 236,236 shares of the stock traded hands, compared to its average volume of 2,285,236. The business’s fifty day simple moving average is $53.63 and its 200 day simple moving average is $52.15. The company has a current ratio of 0.57, a quick ratio of 0.32 and a debt-to-equity ratio of 1.21. The firm has a market cap of $12.14 billion, a P/E ratio of 17.13, a price-to-earnings-growth ratio of 2.76 and a beta of 0.60. Evergy, Inc. has a 1 year low of $46.92 and a 1 year high of $61.84.

Evergy (NYSE:EVRG) last posted its quarterly 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). The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Evergy had a return on equity of 8.32% and a net margin of 12.84%. Evergy’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 EPS. As a group, sell-side analysts forecast that Evergy, Inc. will post 3.84 earnings per share for the current year.

Evergy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Monday, May 20th were given a $0.6425 dividend. This represents a $2.57 annualized dividend and a dividend yield of 4.87%. The ex-dividend date was Friday, May 17th. Evergy’s dividend payout ratio is presently 83.17%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Barclays raised their target price on shares of Evergy from $56.00 to $61.00 and gave the stock an “overweight” rating in a report on Tuesday, May 14th. 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 report on Friday, May 10th. Citigroup assumed coverage on shares of Evergy in a report on Tuesday, March 26th. They issued a “buy” rating and a $64.00 target price on the stock. Bank of America upgraded shares of Evergy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $51.00 to $57.00 in a report on Wednesday, March 13th. Finally, LADENBURG THALM/SH SH began coverage on shares of Evergy in a report on Thursday, April 4th. They issued a “neutral” rating and a $51.00 target price on the stock. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $57.83.

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.