Swiss National Bank Has $37.50 Million Stock Position in Evergy, Inc. (NYSE:EVRG)

Swiss National Bank lessened its stake in Evergy, Inc. (NYSE:EVRG) by 2.8% in the 4th quarter, HoldingsChannel reports. The fund owned 718,326 shares of the company’s stock after selling 20,500 shares during the quarter. Swiss National Bank’s holdings in Evergy were worth $37,497,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. CVA Family Office LLC acquired a new stake in shares of Evergy in the fourth quarter valued at approximately $29,000. Itau Unibanco Holding S.A. bought a new position in Evergy in the 3rd quarter valued at $35,000. Hexagon Capital Partners LLC increased its stake in shares of Evergy by 222.2% in the 4th quarter. Hexagon Capital Partners LLC now owns 667 shares of the company’s stock valued at $35,000 after buying an additional 460 shares during the period. MV Capital Management Inc. raised its position in shares of Evergy by 3,263.6% during the fourth quarter. MV Capital Management Inc. now owns 740 shares of the company’s stock worth $39,000 after acquiring an additional 718 shares during the last quarter. Finally, Headinvest LLC acquired a new position in shares of Evergy during the third quarter valued at $40,000. 87.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on EVRG. Wells Fargo & Company dropped their price objective on Evergy from $60.00 to $57.00 and set an “overweight” rating for the company in a report on Friday, March 1st. Guggenheim downgraded shares of Evergy from a “buy” rating to a “neutral” rating and set a $52.00 price target for the company. in a research note on Monday, January 22nd. LADENBURG THALM/SH SH started coverage on shares of Evergy in a research note on Thursday, April 4th. They issued a “neutral” rating and a $51.00 price objective on the stock. Barclays upped their target price on shares of Evergy from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. Finally, Citigroup started coverage on Evergy in a research report on Tuesday, March 26th. They issued a “buy” rating and a $64.00 price target on the stock. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.00.

Evergy Stock Up 0.9 %

Shares of NYSE:EVRG opened at $54.45 on Wednesday. The company has a 50 day moving average price of $51.85 and a two-hundred day moving average price of $51.22. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.29 and a current ratio of 0.51. The company has a market capitalization of $12.51 billion, a PE ratio of 17.12, a PEG ratio of 2.82 and a beta of 0.57. Evergy, Inc. has a 52 week low of $46.92 and a 52 week high of $63.39.

Evergy (NYSE:EVRG) last announced 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). The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.46 billion. Evergy had a net margin of 13.28% and a return on equity of 8.47%. During the same period last year, the firm earned $0.30 EPS. Analysts forecast that Evergy, Inc. will post 3.84 earnings per share for the current year.

Evergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were given 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 4.72%. Evergy’s dividend payout ratio is presently 80.82%.

Evergy 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.