Evergy, Inc. (NASDAQ:EVRG) Shares Acquired by Focus Partners Wealth

Focus Partners Wealth grew its stake in Evergy, Inc. (NASDAQ:EVRG) by 119.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,852 shares of the company’s stock after buying an additional 6,984 shares during the quarter. Focus Partners Wealth’s holdings in Evergy were worth $802,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of EVRG. Lee Danner & Bass Inc. purchased a new position in shares of Evergy in the 4th quarter valued at about $26,000. National Pension Service purchased a new position in shares of Evergy in the 4th quarter valued at about $30,000. Bank of Jackson Hole Trust purchased a new position in shares of Evergy in the 4th quarter valued at about $31,000. Colonial Trust Co SC purchased a new stake in Evergy during the 4th quarter worth approximately $32,000. Finally, Sandy Spring Bank increased its stake in Evergy by 5,983.3% during the 4th quarter. Sandy Spring Bank now owns 730 shares of the company’s stock worth $45,000 after buying an additional 718 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Stock Performance

NASDAQ:EVRG opened at $66.93 on Monday. The firm has a market capitalization of $15.40 billion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 2.82 and a beta of 0.53. The business’s fifty day moving average price is $67.31 and its 200 day moving average price is $64.98. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32. Evergy, Inc. has a 12 month low of $52.10 and a 12 month high of $70.36.

Evergy (NASDAQ:EVRG) last posted its earnings results on Thursday, May 8th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.12). Evergy had a net margin of 14.77% and a return on equity of 8.77%. The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period last year, the company earned $0.54 EPS. On average, sell-side analysts anticipate that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 23rd will be paid a $0.6675 dividend. The ex-dividend date is Friday, May 23rd. This represents a $2.67 annualized dividend and a yield of 3.99%. Evergy’s dividend payout ratio is presently 70.26%.

Analysts Set New Price Targets

Several equities research analysts have commented on EVRG shares. UBS Group upgraded Evergy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $68.00 to $78.00 in a research note on Monday, April 28th. Barclays boosted their target price on Evergy from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, April 22nd. Citigroup boosted their target price on Evergy from $77.00 to $79.00 and gave the stock a “buy” rating in a report on Friday. BMO Capital Markets began coverage on Evergy in a report on Tuesday, May 13th. They set an “outperform” rating and a $75.00 target price on the stock. Finally, LADENBURG THALM/SH SH upgraded Evergy to a “strong-buy” rating in a report on Thursday, May 8th. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Evergy has an average rating of “Buy” and a consensus target price of $72.44.

About Evergy

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.