Ledyard National Bank Has $4.28 Million Stake in Evergy, Inc. (NYSE:EVRG)

Ledyard National Bank reduced its stake in shares of Evergy, Inc. (NYSE:EVRG) by 8.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,988 shares of the company’s stock after selling 7,680 shares during the period. Ledyard National Bank’s holdings in Evergy were worth $4,280,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in EVRG. Vanguard Group Inc. lifted its holdings in Evergy by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 29,358,216 shares of the company’s stock worth $1,488,462,000 after purchasing an additional 186,235 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Evergy by 5.1% during the 3rd quarter. Invesco Ltd. now owns 5,379,004 shares of the company’s stock worth $272,716,000 after buying an additional 261,664 shares during the period. Northern Trust Corp grew its stake in Evergy by 1.4% in the 3rd quarter. Northern Trust Corp now owns 2,958,136 shares of the company’s stock valued at $149,977,000 after buying an additional 40,916 shares during the last quarter. Federated Hermes Inc. grew its stake in Evergy by 41.3% in the 4th quarter. Federated Hermes Inc. now owns 2,942,415 shares of the company’s stock valued at $153,594,000 after buying an additional 860,433 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in Evergy by 11.6% in the 3rd quarter. American Century Companies Inc. now owns 2,670,913 shares of the company’s stock worth $135,415,000 after acquiring an additional 277,892 shares during the period. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Price Performance

Shares of EVRG stock traded up $1.06 during mid-day trading on Monday, reaching $52.75. The company’s stock had a trading volume of 2,010,700 shares, compared to its average volume of 2,524,806. The firm’s 50-day moving average is $51.39 and its two-hundred day moving average is $51.02. The company has a market cap of $12.12 billion, a P/E ratio of 16.59, a PEG ratio of 2.69 and a beta of 0.57. Evergy, Inc. has a 1-year low of $46.92 and a 1-year high of $63.39. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.29 and a current ratio of 0.51.

Evergy (NYSE:EVRG) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.03). Evergy had a return on equity of 8.47% and a net margin of 13.28%. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same period last year, the company earned $0.30 EPS. On average, research analysts predict that Evergy, Inc. will post 3.84 earnings per share for the current year.

Evergy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were paid a $0.6425 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $2.57 annualized dividend and a dividend yield of 4.87%. Evergy’s dividend payout ratio is presently 80.82%.

Wall Street Analyst Weigh In

EVRG has been the topic of several research analyst reports. LADENBURG THALM/SH SH started coverage on Evergy in a research report on Thursday, April 4th. They issued a “neutral” rating and a $51.00 price target on the stock. Wells Fargo & Company reduced their price objective on Evergy from $60.00 to $57.00 and set an “overweight” rating for the company in a research report on Friday, March 1st. Barclays boosted their target price on shares of Evergy from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, March 14th. Bank of America raised shares of Evergy from a “neutral” rating to a “buy” rating and increased their price target for the company from $51.00 to $57.00 in a report on Wednesday, March 13th. Finally, Guggenheim lowered shares of Evergy from a “buy” rating to a “neutral” rating and set a $52.00 price target on the stock. in a research report on Monday, January 22nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $56.00.

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.