SeaCrest Wealth Management LLC Has $973,000 Stock Position in Evergy, Inc. (NASDAQ:EVRG)

SeaCrest Wealth Management LLC lifted its stake in Evergy, Inc. (NASDAQ:EVRG) by 3.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,109 shares of the company’s stock after purchasing an additional 534 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Evergy were worth $973,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allworth Financial LP boosted its position in shares of Evergy by 84.6% in the 4th quarter. Allworth Financial LP now owns 7,975 shares of the company’s stock valued at $501,000 after purchasing an additional 3,654 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Evergy during the 4th quarter worth about $49,000. Kingsview Wealth Management LLC acquired a new stake in Evergy during the 4th quarter worth about $214,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Evergy during the 4th quarter valued at about $1,728,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in Evergy by 4.6% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 539,263 shares of the company’s stock valued at $33,192,000 after acquiring an additional 23,957 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Stock Up 0.3%

Shares of Evergy stock opened at $65.24 on Friday. The firm has a market cap of $15.01 billion, a price-to-earnings ratio of 17.63, a P/E/G ratio of 2.82 and a beta of 0.50. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32. Evergy, Inc. has a 52-week low of $52.10 and a 52-week high of $70.36. The stock has a 50-day simple moving average of $66.88 and a 200-day simple moving average of $65.33.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.12). Evergy had a net margin of 14.77% and a return on equity of 8.77%. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the business posted $0.54 earnings per share. On average, equities research analysts expect that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date is Friday, May 23rd. Evergy’s payout ratio is 70.26%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on EVRG. UBS Group raised shares of Evergy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $68.00 to $78.00 in a research report on Monday, April 28th. Wall Street Zen lowered shares of Evergy from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. Citigroup increased their price target on shares of Evergy from $77.00 to $79.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. BMO Capital Markets started coverage on shares of Evergy in a research report on Tuesday, May 13th. They issued an “outperform” rating and a $75.00 price target for the company. Finally, Barclays reduced their price target on Evergy from $73.00 to $71.00 and set an “overweight” rating for the company in a report on Friday, May 30th. One analyst has rated the stock with a sell rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Evergy has an average rating of “Moderate Buy” and an average target price of $72.19.

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.