Tucker Asset Management LLC Sells 517 Shares of Evergy, Inc. (NASDAQ:EVRG)

Tucker Asset Management LLC cut its holdings in shares of Evergy, Inc. (NASDAQ:EVRG) by 18.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,294 shares of the company’s stock after selling 517 shares during the period. Tucker Asset Management LLC’s holdings in Evergy were worth $141,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in EVRG. Allstate Corp bought a new stake in Evergy during the fourth quarter worth $486,000. Orion Portfolio Solutions LLC boosted its holdings in Evergy by 9.2% during the 4th quarter. Orion Portfolio Solutions LLC now owns 46,085 shares of the company’s stock worth $2,837,000 after acquiring an additional 3,880 shares during the last quarter. Pictet Asset Management Holding SA grew its stake in shares of Evergy by 0.5% in the 4th quarter. Pictet Asset Management Holding SA now owns 66,857 shares of the company’s stock worth $4,115,000 after acquiring an additional 354 shares in the last quarter. Duff & Phelps Investment Management Co. raised its holdings in shares of Evergy by 1.6% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 1,851,745 shares of the company’s stock valued at $113,975,000 after purchasing an additional 29,098 shares during the last quarter. Finally, New Age Alpha Advisors LLC lifted its position in shares of Evergy by 23,160.8% during the fourth quarter. New Age Alpha Advisors LLC now owns 61,641 shares of the company’s stock valued at $3,794,000 after purchasing an additional 61,376 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. LADENBURG THALM/SH SH raised shares of Evergy to a “strong-buy” rating in a research report on Monday, March 17th. UBS Group upped their target price on Evergy from $66.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Barclays lifted their price target on Evergy from $62.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Finally, Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $69.08.

Evergy Price Performance

Evergy stock opened at $67.87 on Friday. The business’s 50 day simple moving average is $66.26 and its 200 day simple moving average is $63.32. Evergy, Inc. has a 12 month low of $49.55 and a 12 month high of $69.93. The company has a market cap of $15.61 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 2.82 and a beta of 0.62. 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 issued its quarterly earnings results on Thursday, February 27th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.11). The firm had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. Sell-side analysts forecast that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 3.93%. The ex-dividend date was Monday, March 10th. Evergy’s dividend payout ratio (DPR) 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.