Westwood Holdings Group Inc. Has $324,000 Stake in Evergy, Inc. (NYSE:EVRG)

Westwood Holdings Group Inc. grew its position in shares of Evergy, Inc. (NYSE:EVRG) by 8.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 6,076 shares of the company’s stock after acquiring an additional 466 shares during the period. Westwood Holdings Group Inc.’s holdings in Evergy were worth $324,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Evergy by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 31,046,328 shares of the company’s stock worth $1,657,253,000 after purchasing an additional 288,913 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in Evergy by 1,038.7% in the 4th quarter. Point72 Asset Management L.P. now owns 3,612,200 shares of the company’s stock worth $188,557,000 after purchasing an additional 3,294,967 shares during the last quarter. Federated Hermes Inc. lifted its holdings in Evergy by 41.3% in the 4th quarter. Federated Hermes Inc. now owns 2,942,415 shares of the company’s stock worth $153,594,000 after purchasing an additional 860,433 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Evergy by 5.3% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,686,541 shares of the company’s stock worth $141,787,000 after purchasing an additional 134,236 shares during the last quarter. Finally, Zimmer Partners LP lifted its holdings in Evergy by 781.4% in the 1st quarter. Zimmer Partners LP now owns 2,326,385 shares of the company’s stock worth $124,182,000 after purchasing an additional 2,062,434 shares during the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on EVRG shares. Barclays boosted their target price on Evergy from $56.00 to $61.00 and gave the stock an “overweight” rating in a report on Tuesday, May 14th. Wells Fargo & Company boosted their target price on Evergy from $57.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, May 10th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Evergy currently has a consensus rating of “Moderate Buy” and an average price target of $57.83.

Evergy Stock Performance

Shares of EVRG stock traded up $0.41 during trading hours on Friday, reaching $60.16. 2,928,724 shares of the company’s stock were exchanged, compared to its average volume of 1,573,016. Evergy, Inc. has a fifty-two week low of $46.92 and a fifty-two week high of $61.14. The stock has a market capitalization of $13.83 billion, a P/E ratio of 19.47, a P/E/G ratio of 3.11 and a beta of 0.60. The business has a fifty day moving average price of $54.21 and a 200-day moving average price of $52.60. The company has a quick ratio of 0.32, a current ratio of 0.57 and a debt-to-equity ratio of 1.21.

Evergy (NYSE:EVRG) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.07). Evergy had a return on equity of 8.32% and a net margin of 12.84%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the firm earned $0.59 earnings per share. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. Analysts predict that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Monday, May 20th were issued a dividend of $0.6425 per share. The ex-dividend date of this dividend was Friday, May 17th. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.27%. Evergy’s dividend payout ratio (DPR) is presently 83.17%.

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.