Bryn Mawr Capital Management LLC Has $6.02 Million Position in Evergy, Inc. (NYSE:EVRG)

Bryn Mawr Capital Management LLC reduced its position in shares of Evergy, Inc. (NYSE:EVRG) by 22.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 115,282 shares of the company’s stock after selling 33,953 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Evergy were worth $6,018,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Atwood & Palmer Inc. raised its stake in Evergy by 30.5% during the 4th quarter. Atwood & Palmer Inc. now owns 855 shares of the company’s stock valued at $45,000 after purchasing an additional 200 shares during the period. IFM Investors Pty Ltd increased its stake in shares of Evergy by 0.3% in the fourth quarter. IFM Investors Pty Ltd now owns 73,111 shares of the company’s stock worth $3,816,000 after acquiring an additional 206 shares during the last quarter. Raleigh Capital Management Inc. increased its stake in shares of Evergy by 4.0% in the third quarter. Raleigh Capital Management Inc. now owns 5,531 shares of the company’s stock worth $280,000 after acquiring an additional 211 shares during the last quarter. Global Retirement Partners LLC increased its stake in shares of Evergy by 13.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,821 shares of the company’s stock worth $96,000 after acquiring an additional 216 shares during the last quarter. Finally, Caprock Group LLC increased its stake in shares of Evergy by 4.0% in the third quarter. Caprock Group LLC now owns 5,751 shares of the company’s stock worth $292,000 after acquiring an additional 222 shares during the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.

Evergy Trading Down 1.4 %

Evergy stock opened at $51.69 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.51 and a quick ratio of 0.29. The company has a market capitalization of $11.88 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 2.73 and a beta of 0.57. Evergy, Inc. has a one year low of $46.92 and a one year high of $63.39. The company’s fifty day moving average price is $51.36 and its two-hundred day moving average price is $50.99.

Evergy (NYSE:EVRG) last released its quarterly earnings results on Thursday, February 29th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). Evergy had a net margin of 13.28% and a return on equity of 8.47%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the company earned $0.30 earnings per share. On average, analysts forecast that Evergy, Inc. will post 3.84 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 22nd. Shareholders of record on Monday, March 11th were issued a dividend of $0.6425 per share. This represents a $2.57 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date of this dividend was Friday, March 8th. Evergy’s dividend payout ratio (DPR) is 80.82%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on EVRG shares. Guggenheim downgraded shares of Evergy from a “buy” rating to a “neutral” rating and set a $52.00 price target on the stock. in a research note on Monday, January 22nd. Citigroup started coverage on shares of Evergy in a research note on Tuesday, March 26th. They issued a “buy” rating and a $64.00 price target on the stock. Wells Fargo & Company dropped their price target on shares of Evergy from $60.00 to $57.00 and set an “overweight” rating on the stock in a research note on Friday, March 1st. Barclays upped their price target on shares of Evergy from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, March 14th. Finally, Bank of America raised shares of Evergy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $51.00 to $57.00 in a research note on Wednesday, March 13th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $56.00.

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.