Sei Investments Co. Has $29.66 Million Stock Holdings in Evergy, Inc. (NASDAQ:EVRG)

Sei Investments Co. decreased its position in shares of Evergy, Inc. (NASDAQ:EVRG) by 21.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 481,843 shares of the company’s stock after selling 128,676 shares during the quarter. Sei Investments Co.’s holdings in Evergy were worth $29,657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of EVRG. Lee Danner & Bass Inc. acquired a new stake in Evergy in the 4th quarter worth about $26,000. National Pension Service acquired a new stake in shares of Evergy in the fourth quarter valued at approximately $30,000. Bank of Jackson Hole Trust bought a new stake in shares of Evergy in the fourth quarter valued at approximately $31,000. Truvestments Capital LLC bought a new stake in shares of Evergy in the third quarter valued at approximately $32,000. Finally, Sandy Spring Bank grew its position in Evergy by 5,983.3% during the fourth quarter. Sandy Spring Bank now owns 730 shares of the company’s stock worth $45,000 after buying an additional 718 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on EVRG shares. Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. UBS Group upped their price objective on shares of Evergy from $66.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Barclays raised their target price on shares of Evergy from $62.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Finally, LADENBURG THALM/SH SH raised shares of Evergy to a “strong-buy” rating in a report on Monday, March 17th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $68.36.

Evergy Stock Down 2.0 %

Shares of NASDAQ EVRG opened at $66.17 on Wednesday. The stock has a 50-day moving average price of $65.96 and a two-hundred day moving average price of $63.19. Evergy, Inc. has a 12 month low of $49.55 and a 12 month high of $69.93. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The company has a market cap of $15.22 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 2.82 and a beta of 0.62.

Evergy (NASDAQ:EVRG) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.11). Evergy had a return on equity of 8.77% and a net margin of 14.77%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. As a group, analysts forecast that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders 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 4.04%. The ex-dividend date was Monday, March 10th. Evergy’s payout ratio is 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.