DGS Capital Management LLC Grows Stock Holdings in Evergy, Inc. (NASDAQ:EVRG)

DGS Capital Management LLC increased its stake in Evergy, Inc. (NASDAQ:EVRG) by 29.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,794 shares of the company’s stock after buying an additional 1,307 shares during the period. DGS Capital Management LLC’s holdings in Evergy were worth $357,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. HighTower Advisors LLC grew its stake in shares of Evergy by 391.1% in the third quarter. HighTower Advisors LLC now owns 97,186 shares of the company’s stock worth $6,030,000 after acquiring an additional 77,398 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Evergy by 60.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 44,024 shares of the company’s stock valued at $2,332,000 after purchasing an additional 16,619 shares during the last quarter. Bank of Montreal Can increased its stake in Evergy by 29.1% during the 3rd quarter. Bank of Montreal Can now owns 997,832 shares of the company’s stock valued at $61,806,000 after purchasing an additional 224,679 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Evergy by 34.0% in the third quarter. BNP Paribas Financial Markets now owns 945,148 shares of the company’s stock worth $58,609,000 after buying an additional 239,599 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Evergy by 2.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 515,306 shares of the company’s stock worth $31,954,000 after buying an additional 14,383 shares in the last quarter. Institutional investors own 87.24% of the company’s stock.

Analysts Set New Price Targets

EVRG has been the subject of a number of recent analyst reports. Barclays decreased their price objective on shares of Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, October 21st. Mizuho assumed coverage on Evergy in a report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price target on the stock. Wells Fargo & Company lifted their price objective on Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. LADENBURG THALM/SH SH upgraded shares of Evergy from a “neutral” rating to a “buy” rating and upped their target price for the company from $59.00 to $68.50 in a research note on Thursday, January 2nd. Finally, Guggenheim upgraded shares of Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.79.

Insider Transactions at Evergy

In related news, EVP Kevin E. Bryant sold 48,141 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $62.93, for a total value of $3,029,513.13. Following the completion of the sale, the executive vice president now directly owns 1 shares of the company’s stock, valued at approximately $62.93. This represents a 100.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.47% of the company’s stock.

Evergy Stock Performance

EVRG opened at $63.52 on Friday. The company’s 50 day moving average is $62.45 and its 200 day moving average is $60.58. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The company has a market cap of $14.61 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 2.75 and a beta of 0.64. Evergy, Inc. has a 12-month low of $48.04 and a 12-month high of $65.47.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.07. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.88 EPS. On average, equities research analysts predict that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Thursday, November 21st were given a $0.6675 dividend. This is a boost from Evergy’s previous quarterly dividend of $0.64. The ex-dividend date was Thursday, November 21st. This represents a $2.67 dividend on an annualized basis and a yield of 4.20%. Evergy’s dividend payout ratio is presently 72.16%.

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.