Moors & Cabot Inc. Sells 350 Shares of Evergy, Inc. (NASDAQ:EVRG)

Moors & Cabot Inc. cut its holdings in shares of Evergy, Inc. (NASDAQ:EVRG) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,956 shares of the company’s stock after selling 350 shares during the period. Moors & Cabot Inc.’s holdings in Evergy were worth $613,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Principal Financial Group Inc. boosted its stake in Evergy by 7.2% in the third quarter. Principal Financial Group Inc. now owns 278,197 shares of the company’s stock valued at $17,251,000 after acquiring an additional 18,595 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Evergy by 230.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,386 shares of the company’s stock valued at $86,000 after purchasing an additional 966 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Evergy by 2.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 515,306 shares of the company’s stock worth $31,954,000 after purchasing an additional 14,383 shares during the last quarter. Prime Capital Investment Advisors LLC grew its stake in shares of Evergy by 40.3% during the third quarter. Prime Capital Investment Advisors LLC now owns 10,138 shares of the company’s stock worth $629,000 after purchasing an additional 2,910 shares during the period. Finally, KBC Group NV increased its holdings in Evergy by 74.7% in the third quarter. KBC Group NV now owns 21,439 shares of the company’s stock valued at $1,329,000 after purchasing an additional 9,164 shares during the last quarter. Institutional investors own 87.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on EVRG shares. Barclays raised their target price on Evergy from $62.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. LADENBURG THALM/SH SH raised shares of Evergy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $59.00 to $68.50 in a research note on Thursday, January 2nd. Finally, Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Evergy has a consensus rating of “Moderate Buy” and a consensus price target of $68.42.

Evergy Price Performance

NASDAQ EVRG opened at $67.45 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 52-week low of $49.55 and a 52-week high of $69.93. The business has a 50 day simple moving average of $64.90 and a 200 day simple moving average of $62.69. The stock has a market cap of $15.51 billion, a price-to-earnings ratio of 18.23, a PEG ratio of 2.82 and a beta of 0.62.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings data 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 company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. Analysts anticipate that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The company also recently disclosed 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 3.96%. Evergy’s payout ratio is presently 70.45%.

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.