Russell Investments Group Ltd. Sells 146,065 Shares of Evergy, Inc. (NASDAQ:EVRG)

Russell Investments Group Ltd. lessened its holdings in Evergy, Inc. (NASDAQ:EVRG) by 30.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 333,974 shares of the company’s stock after selling 146,065 shares during the period. Russell Investments Group Ltd. owned approximately 0.15% of Evergy worth $20,556,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of EVRG. EP Wealth Advisors LLC purchased a new position in Evergy during the third quarter worth $202,000. MML Investors Services LLC lifted its stake in Evergy by 22.1% in the third quarter. MML Investors Services LLC now owns 5,168 shares of the company’s stock worth $320,000 after acquiring an additional 935 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in Evergy by 11.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 71,927 shares of the company’s stock worth $4,460,000 after acquiring an additional 7,280 shares during the period. M&T Bank Corp raised its holdings in Evergy by 0.8% in the third quarter. M&T Bank Corp now owns 170,300 shares of the company’s stock worth $10,560,000 after purchasing an additional 1,272 shares in the last quarter. Finally, Toronto Dominion Bank raised its holdings in Evergy by 18.6% in the third quarter. Toronto Dominion Bank now owns 135,274 shares of the company’s stock worth $8,388,000 after purchasing an additional 21,257 shares in the last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on EVRG shares. UBS Group boosted their target price on shares of Evergy from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. LADENBURG THALM/SH SH upgraded shares of Evergy to a “strong-buy” rating in a report on Monday, March 17th. Guggenheim upgraded shares of Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Barclays upped their price objective on Evergy from $62.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $69.08.

Evergy Trading Up 1.0 %

Shares of NASDAQ:EVRG opened at $65.17 on Thursday. The business’s 50 day moving average price is $66.88 and its 200-day moving average price is $63.68. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32. The firm has a market capitalization of $14.99 billion, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 2.82 and a beta of 0.52. Evergy, Inc. has a 1 year low of $49.55 and a 1 year high of $70.30.

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 analysts’ consensus estimates 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 net margin of 14.77% and a return on equity of 8.77%. On average, equities research analysts forecast that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date of this dividend was Monday, March 10th. Evergy’s dividend payout ratio (DPR) is presently 70.45%.

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.