HUB Investment Partners LLC Sells 1,572 Shares of Evergy, Inc. (NASDAQ:EVRG)

HUB Investment Partners LLC lowered its stake in shares of Evergy, Inc. (NASDAQ:EVRG) by 2.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 71,694 shares of the company’s stock after selling 1,572 shares during the period. HUB Investment Partners LLC’s holdings in Evergy were worth $4,413,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in EVRG. National Pension Service purchased a new position in shares of Evergy during the 4th quarter valued at $30,000. Bank of Jackson Hole Trust bought a new position in Evergy in the 4th quarter worth approximately $31,000. Truvestments Capital LLC bought a new position in Evergy in the 3rd quarter worth approximately $32,000. Sandy Spring Bank boosted its holdings in Evergy by 5,983.3% in the 4th quarter. Sandy Spring Bank now owns 730 shares of the company’s stock worth $45,000 after buying an additional 718 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in Evergy in the 4th quarter worth approximately $49,000. Institutional investors own 87.24% of the company’s stock.

Evergy Stock Performance

Evergy stock opened at $67.76 on Thursday. The stock’s 50 day simple moving average is $65.43 and its two-hundred day simple moving average is $62.96. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The stock has a market cap of $15.59 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 2.82 and a beta of 0.62. Evergy, Inc. has a fifty-two week low of $49.55 and a fifty-two week high of $69.93.

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

Evergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 3.94%. The ex-dividend date is Monday, March 10th. Evergy’s dividend payout ratio is currently 70.45%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on EVRG shares. Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. LADENBURG THALM/SH SH raised shares of Evergy to a “strong-buy” rating in a report on Monday. Finally, Barclays raised their target price on shares of Evergy from $62.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $68.42.

Evergy Company 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.