Evergy, Inc. (NASDAQ:EVRG) Stock Holdings Lessened by Exencial Wealth Advisors LLC

Exencial Wealth Advisors LLC lowered its stake in shares of Evergy, Inc. (NASDAQ:EVRG) by 2.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 182,661 shares of the company’s stock after selling 5,096 shares during the quarter. Exencial Wealth Advisors LLC owned approximately 0.08% of Evergy worth $11,243,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Evergy by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,160,492 shares of the company’s stock valued at $132,978,000 after buying an additional 25,481 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in Evergy by 5.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,873 shares of the company’s stock worth $238,000 after buying an additional 190 shares during the period. Bedel Financial Consulting Inc. purchased a new stake in shares of Evergy in the 4th quarter valued at approximately $203,000. SBI Securities Co. Ltd. purchased a new stake in shares of Evergy in the fourth quarter valued at $49,000. Finally, Jones Financial Companies Lllp boosted its position in shares of Evergy by 58.5% in the fourth quarter. Jones Financial Companies Lllp now owns 114,486 shares of the company’s stock worth $7,047,000 after buying an additional 42,268 shares during the period. Institutional investors own 87.24% of the company’s stock.

Evergy Price Performance

NASDAQ:EVRG opened at $69.52 on Tuesday. The stock has a market capitalization of $15.99 billion, a PE ratio of 18.79, a P/E/G ratio of 2.82 and a beta of 0.66. The firm has a fifty day simple moving average of $64.00 and a 200 day simple moving average of $62.24. Evergy, Inc. has a 1-year low of $48.86 and a 1-year high of $69.90. 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 (NASDAQ:EVRG) last released 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). The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. On average, research analysts expect that Evergy, Inc. will post 3.83 EPS for the current fiscal year.

Evergy Dividend Announcement

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 paid a $0.6675 dividend. The ex-dividend date is Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a yield of 3.84%. Evergy’s dividend payout ratio (DPR) is 70.45%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. LADENBURG THALM/SH SH raised 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 research report on Thursday, January 2nd. Guggenheim raised Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Barclays lowered their target price on Evergy from $65.00 to $62.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $65.36.

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.