Townsquare Capital LLC Has $593,000 Stock Position in Evergy Inc. (NASDAQ:EVRG)

Townsquare Capital LLC reduced its position in shares of Evergy Inc. (NASDAQ:EVRG) by 6.6% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 8,606 shares of the company’s stock after selling 608 shares during the quarter. Townsquare Capital LLC’s holdings in Evergy were worth $593,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of EVRG. Stolper Co boosted its holdings in Evergy by 0.5% in the 1st quarter. Stolper Co now owns 34,630 shares of the company’s stock valued at $2,388,000 after purchasing an additional 169 shares during the period. Retirement Planning Group LLC lifted its stake in shares of Evergy by 0.9% in the fourth quarter. Retirement Planning Group LLC now owns 24,372 shares of the company’s stock valued at $1,500,000 after buying an additional 210 shares during the period. MainStreet Investment Advisors LLC lifted its stake in shares of Evergy by 4.7% in the fourth quarter. MainStreet Investment Advisors LLC now owns 4,877 shares of the company’s stock valued at $300,000 after buying an additional 221 shares during the period. Parallel Advisors LLC grew its position in Evergy by 2.5% during the first quarter. Parallel Advisors LLC now owns 9,338 shares of the company’s stock worth $644,000 after buying an additional 227 shares in the last quarter. Finally, United Capital Financial Advisors LLC increased its stake in Evergy by 3.2% during the fourth quarter. United Capital Financial Advisors LLC now owns 7,976 shares of the company’s stock valued at $491,000 after acquiring an additional 249 shares during the period. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on EVRG shares. UBS Group raised Evergy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $68.00 to $78.00 in a report on Monday, April 28th. BMO Capital Markets initiated coverage on shares of Evergy in a research note on Tuesday, May 13th. They set an “outperform” rating and a $75.00 price target on the stock. LADENBURG THALM/SH SH upgraded shares of Evergy to a “strong-buy” rating in a research note on Thursday, May 8th. Jefferies Financial Group set a $78.00 price objective on shares of Evergy and gave the stock a “buy” rating in a report on Tuesday, June 10th. Finally, Mizuho lifted their target price on shares of Evergy from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. One equities research analyst has rated the stock with a sell rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Evergy currently has a consensus rating of “Moderate Buy” and an average target price of $74.44.

Evergy Trading Down 1.2%

Shares of EVRG stock opened at $71.95 on Friday. The company has a market capitalization of $16.56 billion, a P/E ratio of 19.77, a P/E/G ratio of 3.14 and a beta of 0.48. Evergy Inc. has a 12-month low of $57.82 and a 12-month high of $73.97. The company has a quick ratio of 0.27, a current ratio of 0.50 and a debt-to-equity ratio of 1.24. The firm has a 50-day moving average price of $69.52 and a 200 day moving average price of $67.80.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.04. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.45 billion. Evergy had a net margin of 14.29% and a return on equity of 8.62%. The company’s revenue was down .7% on a year-over-year basis. During the same quarter last year, the business posted $0.90 earnings per share. Research analysts forecast that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 22nd will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, August 22nd. Evergy’s dividend payout ratio is presently 73.35%.

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.