Epoch Investment Partners Inc. Decreases Holdings in Evergy, Inc. (NYSE:EVRG)

Epoch Investment Partners Inc. reduced its holdings in shares of Evergy, Inc. (NYSE:EVRGFree Report) by 26.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 941,612 shares of the company’s stock after selling 330,648 shares during the quarter. Epoch Investment Partners Inc. owned approximately 0.41% of Evergy worth $49,152,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. CVA Family Office LLC purchased a new stake in Evergy in the fourth quarter valued at $29,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Evergy in the 3rd quarter valued at about $35,000. Hexagon Capital Partners LLC boosted its position in shares of Evergy by 222.2% in the 4th quarter. Hexagon Capital Partners LLC now owns 667 shares of the company’s stock valued at $35,000 after purchasing an additional 460 shares during the period. MV Capital Management Inc. grew its stake in Evergy by 3,263.6% during the 4th quarter. MV Capital Management Inc. now owns 740 shares of the company’s stock worth $39,000 after buying an additional 718 shares during the last quarter. Finally, Headinvest LLC acquired a new position in Evergy during the third quarter worth approximately $40,000. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Wall Street Analysts Forecast Growth

EVRG has been the topic of a number of recent research reports. Barclays lifted their price objective on shares of Evergy from $56.00 to $61.00 and gave the company an “overweight” rating in a research note on Tuesday, May 14th. Bank of America raised Evergy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $51.00 to $57.00 in a research note on Wednesday, March 13th. Citigroup started coverage on Evergy in a research note on Tuesday, March 26th. They issued a “buy” rating and a $64.00 target price on the stock. LADENBURG THALM/SH SH initiated coverage on Evergy in a research note on Thursday, April 4th. They set a “neutral” rating and a $51.00 price target for the company. Finally, Wells Fargo & Company lifted their price objective on shares of Evergy from $57.00 to $62.00 and gave the company an “overweight” rating in a research report on Friday, May 10th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Evergy has a consensus rating of “Moderate Buy” and a consensus target price of $57.83.

Check Out Our Latest Research Report on Evergy

Evergy Price Performance

EVRG traded down $0.45 during midday trading on Friday, reaching $52.96. 811,398 shares of the company’s stock were exchanged, compared to its average volume of 2,410,517. Evergy, Inc. has a 1-year low of $46.92 and a 1-year high of $61.84. The stock has a market capitalization of $12.18 billion, a PE ratio of 17.22, a P/E/G ratio of 2.80 and a beta of 0.60. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.57 and a quick ratio of 0.32. The business’s 50-day moving average price is $53.28 and its 200 day moving average price is $51.94.

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

Evergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Monday, May 20th will be given a $0.6425 dividend. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date is Friday, May 17th. Evergy’s dividend payout ratio is currently 83.17%.

Evergy Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding EVRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Evergy, Inc. (NYSE:EVRGFree Report).

Institutional Ownership by Quarter for Evergy (NYSE:EVRG)

Receive News & Ratings for Evergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evergy and related companies with MarketBeat.com's FREE daily email newsletter.