63,560 Shares in Evergy, Inc. (NYSE:EVRG) Acquired by Wasatch Advisors LP

Wasatch Advisors LP acquired a new position in Evergy, Inc. (NYSE:EVRG) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 63,560 shares of the company’s stock, valued at approximately $3,393,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. CVA Family Office LLC acquired a new position in Evergy in the fourth quarter valued at approximately $29,000. Toth Financial Advisory Corp boosted its stake in Evergy by 199.5% during the first quarter. Toth Financial Advisory Corp now owns 635 shares of the company’s stock worth $34,000 after acquiring an additional 423 shares in the last quarter. Hexagon Capital Partners LLC boosted its stake in Evergy by 222.2% during the fourth quarter. Hexagon Capital Partners LLC now owns 667 shares of the company’s stock worth $35,000 after acquiring an additional 460 shares in the last quarter. MV Capital Management Inc. increased its stake in Evergy by 3,263.6% in the fourth quarter. MV Capital Management Inc. now owns 740 shares of the company’s stock valued at $39,000 after purchasing an additional 718 shares in the last quarter. Finally, Headinvest LLC acquired a new position in shares of Evergy during the third quarter valued at about $40,000. 87.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EVRG. Citigroup assumed coverage on Evergy in a research note on Tuesday, March 26th. They issued a “buy” rating and a $64.00 target price for the company. Wells Fargo & Company upped their target price on Evergy from $57.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, May 10th. Bank of America upgraded Evergy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $51.00 to $57.00 in a report on Wednesday, March 13th. LADENBURG THALM/SH SH initiated coverage on shares of Evergy in a report on Thursday, April 4th. They set a “neutral” rating and a $51.00 price objective on the stock. Finally, Barclays lifted their price objective on shares of Evergy from $56.00 to $61.00 and gave the company an “overweight” rating in a report on Tuesday, May 14th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $57.83.

Evergy Stock Up 0.2 %

NYSE:EVRG traded up $0.08 during trading hours on Tuesday, hitting $52.79. 1,030,484 shares of the company traded hands, compared to its average volume of 2,291,540. The company has a quick ratio of 0.32, a current ratio of 0.57 and a debt-to-equity ratio of 1.21. The company has a market cap of $12.14 billion, a PE ratio of 17.08, a PEG ratio of 2.76 and a beta of 0.60. The firm’s 50-day simple moving average is $53.65 and its 200-day simple moving average is $52.15. Evergy, Inc. has a one year low of $46.92 and a one year high of $61.84.

Evergy (NYSE:EVRG) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.07). The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Evergy had a return on equity of 8.32% and a net margin of 12.84%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.59 earnings per share. Equities analysts predict that Evergy, Inc. will post 3.84 earnings per share for the current year.

Evergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Monday, May 20th were paid a $0.6425 dividend. The ex-dividend date of this dividend was Friday, May 17th. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.87%. Evergy’s payout ratio is presently 83.17%.

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.