Oppenheimer & Co. Inc. Sells 654 Shares of Evergy, Inc. (NASDAQ:EVRG)

Oppenheimer & Co. Inc. trimmed its holdings in shares of Evergy, Inc. (NASDAQ:EVRG) by 0.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 92,335 shares of the company’s stock after selling 654 shares during the period. Oppenheimer & Co. Inc.’s holdings in Evergy were worth $5,683,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of EVRG. Private Advisor Group LLC raised its position in Evergy by 3.6% in the 3rd quarter. Private Advisor Group LLC now owns 14,001 shares of the company’s stock valued at $868,000 after buying an additional 481 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Evergy in the 3rd quarter worth about $1,330,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Evergy by 40.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,035 shares of the company’s stock worth $1,055,000 after acquiring an additional 4,946 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Evergy by 24.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 24,864 shares of the company’s stock worth $1,542,000 after acquiring an additional 4,920 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in Evergy by 1.2% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 18,563 shares of the company’s stock worth $1,138,000 after acquiring an additional 212 shares during the last quarter. 87.24% of the stock is currently owned by institutional investors.

Evergy Stock Performance

Shares of EVRG stock opened at $68.91 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. Evergy, Inc. has a fifty-two week low of $48.60 and a fifty-two week high of $69.90. The stock has a 50 day moving average price of $63.85 and a two-hundred day moving average price of $62.12. The company has a market capitalization of $15.85 billion, a P/E ratio of 18.62, a PEG ratio of 2.82 and a beta of 0.66.

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

Evergy Dividend Announcement

The firm 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 dividend of $0.6675 per share. The ex-dividend date is Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.87%. Evergy’s dividend payout ratio is presently 70.45%.

Analyst Upgrades and Downgrades

Several brokerages have commented on EVRG. LADENBURG THALM/SH SH upgraded Evergy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $59.00 to $68.50 in a research note on Thursday, January 2nd. Barclays cut their target price on Evergy from $65.00 to $62.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Finally, Guggenheim raised Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $65.36.

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.