Kentucky Retirement Systems Sells 934 Shares of Evergy, Inc. (NYSE:EVRG)

Kentucky Retirement Systems cut its holdings in Evergy, Inc. (NYSE:EVRG) by 5.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 17,446 shares of the company’s stock after selling 934 shares during the period. Kentucky Retirement Systems’ holdings in Evergy were worth $931,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EVRG. BOKF NA lifted its position in shares of Evergy by 16.1% during the 1st quarter. BOKF NA now owns 28,091 shares of the company’s stock valued at $1,482,000 after acquiring an additional 3,904 shares during the period. Steel Grove Capital Advisors LLC raised its holdings in shares of Evergy by 371.2% during the first quarter. Steel Grove Capital Advisors LLC now owns 30,063 shares of the company’s stock valued at $1,605,000 after purchasing an additional 23,683 shares during the period. Keeley Teton Advisors LLC boosted its position in shares of Evergy by 0.6% during the 1st quarter. Keeley Teton Advisors LLC now owns 37,950 shares of the company’s stock worth $2,026,000 after purchasing an additional 210 shares in the last quarter. Westwood Holdings Group Inc. grew its stake in shares of Evergy by 8.3% in the 1st quarter. Westwood Holdings Group Inc. now owns 6,076 shares of the company’s stock valued at $324,000 after buying an additional 466 shares during the period. Finally, DC Investments Management LLC bought a new stake in Evergy in the 1st quarter valued at about $1,574,000. 87.24% of the stock is owned by institutional investors and hedge funds.

Evergy Stock Up 0.7 %

Shares of EVRG stock traded up $0.42 on Monday, hitting $57.17. The stock had a trading volume of 390,041 shares, compared to its average volume of 2,176,596. Evergy, Inc. has a 12-month low of $46.92 and a 12-month high of $60.50. The stock has a market cap of $13.15 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 2.95 and a beta of 0.60. The business has a 50 day moving average of $53.81 and a 200 day moving average of $52.41. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.57 and a quick ratio of 0.32.

Evergy (NYSE:EVRG) last posted its earnings results on Thursday, May 9th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.07). The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.35 billion. Evergy had a return on equity of 8.32% and a net margin of 12.84%. Evergy’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 EPS. As a group, analysts expect that Evergy, Inc. will post 3.85 EPS for the current year.

Evergy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Monday, May 20th were paid a dividend of $0.6425 per share. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date was Friday, May 17th. Evergy’s payout ratio is 83.17%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Wells Fargo & Company increased 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. LADENBURG THALM/SH SH started coverage on shares of Evergy in a research note on Thursday, April 4th. They issued a “neutral” rating and a $51.00 price objective on the stock. Finally, Barclays boosted their target price on shares of Evergy from $56.00 to $61.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 14th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $57.83.

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.