Exencial Wealth Advisors LLC Sells 5,096 Shares of Evergy, Inc. (NASDAQ:EVRG)

Exencial Wealth Advisors LLC lessened its position in shares of Evergy, Inc. (NASDAQ:EVRG) by 2.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 182,661 shares of the company’s stock after selling 5,096 shares during the period. Exencial Wealth Advisors LLC’s holdings in Evergy were worth $11,243,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. HighTower Advisors LLC raised its stake in Evergy by 391.1% during the third quarter. HighTower Advisors LLC now owns 97,186 shares of the company’s stock worth $6,030,000 after buying an additional 77,398 shares during the last quarter. Allworth Financial LP boosted its holdings in Evergy by 84.6% during the fourth quarter. Allworth Financial LP now owns 7,975 shares of the company’s stock worth $501,000 after purchasing an additional 3,654 shares during the last quarter. Bank of Montreal Can boosted its holdings in Evergy by 29.1% during the third quarter. Bank of Montreal Can now owns 997,832 shares of the company’s stock worth $61,806,000 after purchasing an additional 224,679 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Evergy by 34.0% during the third quarter. BNP Paribas Financial Markets now owns 945,148 shares of the company’s stock worth $58,609,000 after purchasing an additional 239,599 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in Evergy by 23.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 10,692 shares of the company’s stock valued at $658,000 after acquiring an additional 2,004 shares during the last quarter. Institutional investors own 87.24% of the company’s stock.

Wall Street Analyst Weigh In

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

Evergy Stock Performance

EVRG opened at $69.52 on Tuesday. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. Evergy, Inc. has a 12-month low of $48.86 and a 12-month high of $69.90. The company has a market cap of $15.99 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 2.82 and a beta of 0.66. The company’s 50 day moving average is $64.00 and its 200 day moving average is $62.24.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings results 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 return on equity of 8.77% and a net margin of 14.77%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. On average, equities research analysts predict that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend is Monday, March 10th. Evergy’s dividend payout ratio is currently 70.45%.

Evergy Company 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.