Schroder Investment Management Group Acquires 1,795 Shares of Evergy, Inc. (NASDAQ:EVRG)

Schroder Investment Management Group grew its stake in shares of Evergy, Inc. (NASDAQ:EVRG) by 5.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 36,857 shares of the company’s stock after purchasing an additional 1,795 shares during the period. Schroder Investment Management Group’s holdings in Evergy were worth $2,267,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Lee Danner & Bass Inc. purchased a new position in Evergy during the fourth quarter worth about $26,000. National Pension Service purchased a new position in shares of Evergy in the 4th quarter worth approximately $30,000. Bank of Jackson Hole Trust purchased a new position in shares of Evergy in the 4th quarter worth approximately $31,000. Sandy Spring Bank grew its holdings in shares of Evergy by 5,983.3% in the fourth quarter. Sandy Spring Bank now owns 730 shares of the company’s stock valued at $45,000 after acquiring an additional 718 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Evergy during the fourth quarter valued at approximately $49,000. 87.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EVRG. Barclays boosted their price objective on Evergy from $62.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. UBS Group increased their price target on shares of Evergy from $66.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. LADENBURG THALM/SH SH upgraded shares of Evergy to a “strong-buy” rating in a report on Monday, March 17th. Finally, Guggenheim upgraded shares of 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $69.08.

Evergy Trading Down 4.4 %

Shares of Evergy stock opened at $66.18 on Monday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The stock has a market capitalization of $15.22 billion, a P/E ratio of 17.89, a P/E/G ratio of 2.82 and a beta of 0.52. Evergy, Inc. has a 52-week low of $49.55 and a 52-week high of $70.30. The stock’s 50-day simple moving average is $66.79 and its 200 day simple moving average is $63.60.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.11). The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. As a group, research analysts anticipate that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date of this dividend was Monday, March 10th. Evergy’s payout ratio 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.